If you don’t read the basic principle and concept of XYO Network platform, you won’t understand why data location is important. It is not only crucial for business, but it also improves transparent and honest implementation of everything. Won’t you like it when you can rely on something trustworthy and not having doubts anymore?
The Common Issues
Data location is crucial because it provides accurate and solid information about a meeting, a discussion, an interaction…..you name it. Let’s say that you run across an old friend from high school and then both of you decide to catch up by having a cup of coffee together. If your interaction is recorded, it will record everything – the moment both of you ran across each other, which coffee shop you went, how long you spent on the coffee shop, and such thing alike. You get the basic idea, right?
Imagine how useful such data location for business and other greater usage. What if such an implementation is done to a business meeting or a business deal? What if the data recording is applied to goods distribution chain? What if data recording is applied to charity and donation, knowing whether the funds are distributed to the right social organizations? If this technology is implemented correctly, think of the greater good it can achieve, and that’s how XYO Network wants to accomplish for future achievement.
The Technologies Being Used
For now, XYO Network is depending on two major technologies – cryptocurrency and blockchain system. The idea of blockchain system to provide a transparent and cheat-proof platform where possibilities of scams can be limited – even eliminated. In blockchain technology, each user forms its own network which will form a bigger and more complete network. It would be impossible to cheat on the system because once it has been recorded, it will be shared among users. Unless someone is able to beat and override the whole system, this technology by far has been considered the safest and the best.
Cryptocurrency also makes everything easier. If you think that it is similar to the regular online transaction, you are wrong. Regular banking system (even with their online implementation) is a centralized system, which means that it has an absolute party that controls everything. In cryptocurrency, however, there is no absolute power controlling everything so it is more flexible, giving you a total freedom of managing everything.
If you are thinking about helping this platform to grow and develop, you can always take part in ICO investment. It means that you can buy the tokens – which grant you direct access to be investors in no time.
The platform is holding a sale period – giving you a perfect time and chance to buy the tokens while the price is at the lowest. You can gain benefits after the platform launches because the value will increase. If the platform gets positive welcome and it gains more popularity, be sure that the value will even increase to the highest level. So, ready to join XYO Network?
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