OK, so we're admittedly biased with this one because a core group of our team is behind XYO. But we're not excited about XYO for that reason alone. Actually, some of technology's most influential names are more excited about XYO than we are! XYO came onto the scene out of nowhere in 2018. In fact, it's still flying a bit under the radar compared to where it could be next year.
Charlie Shrem, digital currency pioneer and founder of one of its most prestigious foundations, sits on their board of advisors. CNBC called XYO a perfect enterprise play for Amazon, and just recently they grew even closer to the e-commerce giant by joining Amazon Web Services' (AWS) Partner Network. But what many don't know is they've made an even bigger splash overseas in the Chinese, South Korean and European markets.
They've even been featured in massive Chinese Publications, including Forbes China. So, what makes XYO Network positioned to disrupt the $11 Trillion location-reliant market and create one of the most exciting applications of technology to date? Unlike some projects out there lacking any real substance, XYO sits behind a company called "XY" whose been in business since 2012. This San Diego-based company has built over 1 million tiny Bluetooth and GPS devices that help you find and track your lost items. What the brilliant minds at XYO are building is the software to bridge the digital world with the real world by tapping into these 1 million+ devices already out there in the wild. The result is the world’s first location-based, trustless, decentralized oracle network that isn't reliant on GPS, which costs American taxpayers a staggering $2 million per day.