XYO Network

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IPFS

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Komodo

by Komodo

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XYO Network

by XY

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IPFS

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Komodo

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What problem does this service solve?

The XYO Network will allow smart contracts and DApps to use location verification services.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.Komodo is a blockchain building platform. They assist clients in creating their own blockhains and decentralized applications.

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Company Description

The XY Oracle Network is a blockchan-based location verification service. It is designed to be compatible with many devices and across different smart contract protocols. XYO uses innovative cryptographic techniques to combine real-world data with a blockchain-based system that can be used by DApps. The XYO Network was developed by a San Diego based company called XY, that makes GPS and Bluetooth devices. The company is building the network's infrastructure that will consist of location-verifying beacons that will enable smart contracts to incorporate location data. The network is powered by the Ethereum-based XYO token.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

Komodo is a blockchain building platform that is focused on developing anonymity and security focused solutions. Komodo's platform, which was originally a fork of ZCash, is powered by the KMD token, and enables users to send anonymous transactions. Komodo has a delayed Proof of Work consensus algorithm.
Komodo also operates Chainmakers and Chainzilla; which assist clients in creating their own blockchains, decentralized applications, and initial coin offerings. Komodo also provides services related to wallet integrations and blockchain security.
Komodo held the first ever decentralized ICO and pioneered the concept of a dICO. Their goal is to allow users to more easily build blockchain solutions and decentralized exchanges. They are developing a decentralized ICO (dICO) platform as well as a decentralized exchange platform called BarterDEX.

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