With XYO Devices Delivering Detailed Relative Location Data Stored on the Blockchain, Technology Will Help Redefine Spatial Analysis
SAN DIEGO–(BUSINESS WIRE/AETOSWire)– XYO Network, the technology bringing blockchain to the real world, has partnered with Esri to bring new distributed, blockchain-based location verification functionality to the spatial analytics space. The XYO and Esri partnership is supported through their Startup Program, a coveted three-year program that helps emerging business partners bring new and innovative solutions to Esri customers. As the undisputed global leader in location intelligence, Esri expects to enable users of its ArcGIS platform with access to blockchain technologies to develop significant new applications based on the partnership.
XYO has become the emerging leader in the world of findable technology with Bluetooth and GPS tracking devices, over 1 million location beacon devices circulating in the world, which allow everyday consumers to track real-world items in real time, right from their smartphones.
Esri provides advanced spatial analytics and data-rich mapping and visualization for some of the biggest names in retail, government, and NGOs around the globe. Esri software is deployed in more than 350,000 organizations, including 75 percent of Fortune 500 companies, easily eclipsing other industry participants. For these and other organizations, Esri provides users with a complete platform that extends capabilities enabling them to capture spatial data, support analyses, create maps, charts and other documentation that tell a story, and allowing them to address significant challenges from supply chain management to making cities better places to live.
Now, in a truly groundbreaking partnership, XYO Network will work to deploy location data to Esri’s ArcGIS platform to enhance the engine behind map-based decision making. The collaboration opens the possibility for ArcGIS users to enable increasingly important capabilities such as tracking cars in emerging “smart cities,” clarifying the often-dramatic geographic changes based on natural or man-made disasters, and many other location-based applications and scenarios.
“In the mapping and spatial analytics space, determining relative location of objects, and particularly those in motion, is important, and we have the opportunity to pair that ability and blockchain technology as a significant next step for the industry as a whole,” stated Kevin Bolger, Emerging Technology Practice Lead, Esri. “The use cases and possibilities in our initial discussions with XYO have been intriguing, and we very much look forward to building out deployments and deepening our relationship with the company.”
“With the majority of leading global organizations looking to Esri as the de facto resource for advanced spatial analytics and data, it’s truly a pleasure for XYO to further improve the value of that critical data,” commented XYO Network co-founder Markus Levin. “We’re proud to call Esri a partner, and we look forward to providing decentralized geolocation data and our oracle network to the company other similar forward-looking organizations to create improved versions of their business data and intelligence.”
Esri, the global market leader in geographic information system software, location intelligence, and mapping, offers the most powerful geospatial cloud available. Since 1969, Esri has helped customers unlock the full potential of data to improve operational and business results. Today, Esri software is deployed in more than 350,000 organizations including the world’s largest cities, most national governments, 75 percent of Fortune 500 companies, and more than 7,000 colleges and universities. With its pioneering commitment to geospatial information technology, Esri engineers the most advanced solutions for digital transformation, the Internet of Things (IoT), and advanced analytics. Visit us at esri.com.
About XYO Network
XYO Network is an effort to create a vast, geospatial, blockchain-powered location network currently under development with the goal to provide accurate, certainty-driven location data on everything from cars to smartphones. By combining location beacons with IoT and mobile devices, the XYO Network ecosystem plans to deliver the verified coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of location-centric applications. For more information, please visit https://xyo.network.