XYO Network Headed to Space - Definitive Agreement Executed to Bring XYO Into Orbit With Launch of Blockchain Satellite on SpaceX Falcon 9
Summary
The unprecedented partnership and subsequent launch into orbit of XYO Networks’ “EtherX” spacecraft is the first step in achieving its mission of decentralizing the world’s location infrastructure, which currently revolves around the centralized Global Positioning System (“GPS”), which is owned by the U.S. Air Force.XYO Network recently drew positive industry attention for executing a geospatial blockchain smart contract using a drone at its inaugural Spatial Summit event in front of more than 700 attendees.Smartphones running the XYO app (also considered to be Sentinels), in the hands of people across the area, then serve as the nodes or endpoints.“Were pleased to provide launch services to XYO Network on an upcoming SpaceX mission,” noted Melissa Wuerl, vice president of business development at Spaceflight.Furthermore, by pairing it with XYO’s cryptographically-backed protocol, we will deliver a layer of un-spoofable location certainty which GPS can never match,” continued XYO Network Co-Founder and CMO Scott Scheper.