VERSES and XYO Network Partner to Power Emerging Spatial Web

New Partnership to Leverage XYO Network Proof-of-Location Validation at Massive Scale

SAN DIEGO & LOS ANGELES — (BUSINESS WIRE) — October 31, 2018VERSES, a non-profit foundation creating the universal protocols and standards for the next generation of the Web, and XYO Network, the technology bringing blockchain to the real world, today announced a partnership to power key aspects of the Spatial Web, a single, worldwide network linking people, places and things, both virtual and physical.

Working in close collaboration with XYO Network proof-of-location capabilities, blockchain-native VERSES will power the Spatial Web by securing user data and authenticating assets and locations, for a boundless new Web 3.0 that is smarter, safer, seamless and immersive. The partnership is expected to deliver a series of unique applications and benefits to consumers, enterprises and public entities alike.

“When you talk about smart factories or smart cities, and when you want to validate a position in space, a drone, an autonomous truck, cargo, or things in motion, XYO is in an amazing position with our network to act as a validator of where something is via proof of location,” said Gabriel Rene, founder and executive director, VERSES. “VERSES is the access to the single standard of the record of location, and XYO is the validation. XYO is perfectly positioned to do this at scale.”

The VERSES Spatial Web Protocol is a universal and open standard for the next generation of the Web existing in augmented reality (AR) or virtual reality (VR), connecting people, places, things, and currencies into a single digital network. VERSES also enables and manages blockchain-based property rights in augmented reality.

“Our companies are perfect partners. We feel strongly about what VERSES is doing and the synergy between our offerings could not be more ideal,” commented Markus Levin, Head of Operations and Co-Founder, XYO Network. “Working in lockstep, our companies see innovative solutions bridging augmented reality, virtual reality, blockchain and the real world, in an unprecedented way. The benefits from our collaboration are clear, unmistakable and will benefit consumers and businesses across industries.”

XYO Network connects the digital world with the real world offline through location-based technology via industry-leading tracking beacons. The technology allows everyday consumers to track real-world items in real time. Building on this, XYO Network is building the world’s first people-powered proof-of-location network using blockchain technology to enable location-based decentralized apps (dApps) and services.

About VERSES

VERSES is a next-generation protocol connecting people, places and things to the internet via secure blockchain technologies. The VERSES Spatial Web Protocol is a universal and open standard for the next generation of the web that connects people, places, things and currencies into a single, digital network. VERSES enables developers to turn any location into a smart space, any product into a smart asset and to enable cryptocurrency transactions across the real and virtual worlds. The VERSES Foundation is a not-for-profit group developing open standards, protocols and technologies for the future web. For more information on VERSES, visit our website at http://VERSES.io.

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.

All trademarks and product names are the property of their respective companies.



Contact:

XYO Network
Larry Smalheiser
Head of Communications
Email Contact




Review Article Be the first to review this article
Featured Video
Latest Blog Posts
The Open Geospatial Consortium BlogThe OGC Blog
by The Open Geospatial Consortium Blog
OGC seeks public comment on draft Simple Features 2021 standard
Jobs
Geospatial Solutions Specialist for University of North Dakota at Grand Forks, North Dakota
GIS Coordinator for City of Marysville at Marysville, Ohio
GIS Analyst II for Foresters Co Op at Grass Valley, California
Electrical Engineer for Dinter Engineering at Reno, Nevada
Service Software Expert-CATIA & CAA for Dassault Systemes at Shanghai, China
Structural Project Engineer for 19six Architects at Santa Barbara, California
Upcoming Events
InterDrone 2021 --- Cancelled at Hyatt Regency Dallas TX - Aug 10 - 12, 2021
URISA GIS Leadership Academy at 701 Lee St #960 Des Plaines IL - Aug 16 - 20, 2021
8th International Scientific Conference on SOCIAL SCIENCES (ISCSS) 2021 at Congress Centre MARITIM PARADISE BLUE Albena Bulgaria - Aug 21 - 30, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise