Graham McBain

Key points

• XYO Network enables smart contracts to be triggered by real-world events verified on the blockchain through a bound witness protocol where devices confirm each other's locations.
• The company has sold over one million location-tracking beacon devices since 2012 and plans to convert them into network sentinels that mine cryptocurrency through Bluetooth interactions.
• XYO Network functions as a middleware protocol compatible with multiple blockchain platforms, compensating devices that gather, store, and transmit location data through token incentives.
• The network prevents location spoofing by requiring multiple device handshakes and historical verification rather than relying on single trusted authorities or explicit location claims.
• XYO demonstrated its live network at their Spatial conference by flying a drone over an audience member to trigger a smart contract that transferred Ethereum between accounts.