https://www.businesswire.com/news/home/20190115005952/en/

SAN DIEGO--(BUSINESS WIRE)--Jan 15, 2019--XYO, the technology bringing blockchain to the real world, today announced the company has completed a major technological achievement and milestone: the successful completion of “Bound Witness” interaction between multiple XY4 endpoint devices, known as Sentinels. The achievement is critical as XYO builds out its fully decentralized, trustless mesh network that will validate relative location, as well as other important heuristics, over the coming months. There are more than 100,000 XY4+ beacons in the market currently eligible for the free update to XY-enabled Sentinel status, details of which will be announced shortly.

Bound Witness is a bi-directional location heuristic that establishes proof of location through two devices co-signing an occurrence and range of interaction. The Bound Witness achievement sets the stage for XYO to augment its already decentralized global network of beacons, in migrating them to Sentinels and full participants in the blockchain-based XYO mesh network. The XYO Network will generate innovative rich data sets that power new capabilities and functionality across industries from retail to supply chain and logistics, to e-commerce, home care visits and insurance. While future updates will include new form factors, the current interaction is based on the latest XY4+ beacons from XY.