Review on XYO by francis fernandez
XYO: blockchain localization tool
As technology advances, the number of uses that we can give it in our daily activities increases. For this reason, we see how every day new technological applications of valuable utility for various sectors of society are emerging.
XYO is an ecosystem that allows large-scale geographic data to be tracked through the use of blockchain technology to provide decentralized solutions applicable to different social environments, based on geospatial locations.
Technology:
XYO uses the robust Ethereum ecosystem to accurately track data at the space level, linking blockchain technology with any mobile device, through the use of smart contracts and the flexibility of cryptography.
Utility:
Performing geospatial locations of any mobile object linked to its technology constitutes the main function of the XYO platform. Its application in industry offers infinite and valuable uses.
Token:
The network has an ERC-20 token known by its same name XYO that is hosted on the Ethereum chain; hence it inherits all its properties.
An important piece of information about XYO is that it represents a foundation that intends to provide financial support to blockchain learners, businesses and cryptors interested in contributing to the growth of their data tracking project.
Pros
- Allows you to track data on a large scale
- Non-custodial protocol
- It is a useful tool in various sectors
Cons
- It is not a stable currency
