Crypto-location leader XYO acquired Proof-of-Location startup GEO

Crypto-based location technology is growing as a much safer and reliable alternative to GPS
17 March 2018   411

The leading provider of the crypto-based location technology XYO Network with its office in San-Diego has recently acquired a Proof-of-Location protocol developing startup GEO. GEO is a unique small company in the sense that 3 students with the renowned hacker Jack Cable have been able to develop a location providing protocol that makes sharing anybody's location easy in a decentralized network without the cost of an overhead.

We're excited about the addition of GEO to our crypto-location portfolio. GEO adds an additional feature set to XYO by trustlessly notifying a device that an object was there with absolute certainty, and without having to communicate private data with the network.

 

Markus Levin

Co-Founder, XYO Network

GEO relies on a network of physically fixed devices called Nodes. Users may connect via Bluetooth to a Node and get a Proof-of-Location signature. User device ID and timestamp are used to generate the signature, basically answering the questions "WHo, when and where?". The protocol is built on Ionic platform and utilizes Bluetooth which combined makes it cross-compatible with any mobile system. Probabilistic Proof-of-Location is essential for applications in e-commerce (shipment tracking), automated drones communication and hospitals (communication failure and record keeping). Therefore, GEO offers a special smart contract model for such use-cases.

XYO Network and GEO have already granted free access to some of the libraries so that developers can develop and test software of GEO platform. XYO Network developed world's first decentralized location verification system for Ethereum, and it seems open ecosystem of geospatial blockchain applications pose a formidable alternative to GPS.

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   37

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.