Markus Levin on XYO Network's IOT decentralized location verification

0:00i'm ashton addison from block west capital for investmentpitch media in the Crypto Coin Show and today on blockchain interviews we have back marcus levin co-founder of xyo network marcus welcome to the show and it is a pleasure to have xyo back on once again yeah ashton thank you so much for inviting me again on xyl again i just reviewed the podcast

0:23You did with our team a few years back and it's amazing you know like when this podcast has has come to and we're excited we're back on the show amazing thank you and yeah a lot has happened in years and that is like decades in crypto i'm sure your team has a lot to talk about and that was even before you know d5 and nfts even existed in the mainstream so let's just

0:47start by catching up with xyo network for the viewers that aren't familiar let's get an overview of what are the solutions your team are bringing to the world and then we'll dive into the intricacies in that yeah yeah i'd love to talk about it yeah so when we lots has evolved since since the last conversation expo had had with you but you know we started in 2012 is location

1:12iot and then in 2017 we realized location gets easily spoofed to hack so you can download the gps proofing off right and pretend that you are in san diego right now while you're actually in basketball and that's a problem for any second app on your phone or automated supply chain self-driving cars smart cities and development so we came up with a xl network which is a

1:35network of devices which verify each other's proximity iot devices and then that way and then they do it like a cryptographic handshake about witness and this way you can say where something was or where its origin was and where it's ended up and so that was 2018 and then now it's

2:002022 so since then the actual network evolved and it became a true oracle network not only for location but also for other data like other iot data for example like temperature sensors and so on or offline data which is collected and verified and any type of data really and today we have more we call it a reality oracle connecting the physical world with the digital

2:29world in a trustless way very cool marcus and thank you for that intro a lot to dive into there i like how it's expanded into an oracle and has more use cases there now i want to talk about there's so many different applications that can be used in different industries with this technology are you already working in the field with other industries you know outside of

2:53blockchain to provide these solutions right now yeah yeah we have a bunch of clients a little different than a lot of other blockchain projects in that we focus on our client base not only on blockchain companies but on traditional companies and so our investment market is very large and we have a number of partners in different industries we just announced a

3:17new partnership with here technologies one of the largest geolocation companies in the world and we have a number of other partnerships some of them can't talk about yet but it's going to be super exciting and we are it makes us different also because our underlying company is profitable not from crypto but from doing what we're doing so we really build something

3:42which which the real world needs amazing and that's great to hear profitability is important for growing and moving forward now i wanted to talk about you know the hardware you mentioned you know having specific hardware and having a blockchain-like network to be able to verify the transactions and cryptographically prove it because i have seen many you know gps spoofing

4:08applications and you know i've seen my friends playing video games and they're moving to another location to especially now in some of these virtual reality or ar games you need to be in a specific location to get some kind of real world prize or real world money and people easily able to spoof that and hack the game but that's you know there's obviously much more important

4:33use cases for the real world about proving your location and i'd love to know more about the hardware and what makes it unique and how you guys came up with it in solving this problem yeah yeah yeah so what you mentioned is a real problem you know and as i said if you think about the future in the metaverse and so on right you want to have accurate data and accurate

4:57ownership of items or accurate location of things right inside the metaverse and the more value you attach to location the more people are incentivized to just prove and hack right because there's money there and so it goes beyond the game to a lot of public applications right but yeah when we started in 2018

5:26I went to all these iot companies or companies with a lot of iot and try to convince them to up create the firmware and add xyo into their firmware and so for them to become sentinels in the expert network how it works if like these four components in the xylem network the sentinels which are devices which collect data as a bridges which relays the data the

5:50archivist stores the data and the device crunches the data to give you the best answer to a given question like did my package make it onto my doorstep and those devices get paid with xyo as they provide data which becomes part of ansys and explores our cryptocurrency and so i went to all these companies and tried to convince them to upgrade the

6:12forward to add xyl for you know then eventually they will earn money and have additional revenue streams and so on but obviously it was very very hard right that was like the comcast and spokes telecommunications the verizon of south korea and like many many companies and got to some proof of concept high promises but it was a slow company so we decided

6:36to create our own iot network and we did this by launching an app called coin and coin is an augmented reality gamified utility app which lets you earn rewards as you explore the world and it has more than four million downloads out there and yeah it suddenly has a super large network and we are one of the largest blockchain efforts in the world and we

7:02did it by creating something which is interesting not only for the crypto crowd like you and me but also for any listeners but also for like people who are not into crypto yet and they have a way to earn rewards and so on and so on and so in the beginning in the app this was all passive so in the background there were these witnesses i spoke about earlier and now

7:27you can do much more you can do location-based surveys and can provide other data you can do offline data collection and there's a lot of ways to earn we have this case study on our website of 500 users which used there for over the last few years and they earned together until the end of august that's when we published that questioning 24 million dollars

7:49because the expert token appreciated so much was i think 560x last year and this one person who has like 1.9 million dollars in the wallet another guy he paid off his mortgage someone else bought a new car someone went on a delayed honeymoon and like these crazy stories and it's so we built this on-ramp into crypto like about 80 of the people who come into coin are

8:13non-crypto people and but 95 percent of people come and catch up their xyo and then a lot of them hold it and buy more and it's a way it's like play to earn maybe work to earn or geek to earn i'm not sure the right term is there and but also it creates a lot of exposure for xyo and it creates resiliency for the network because it's not only

8:38it expands this ecosystem just a lot and so the as the economy of xyo grows right the token price should grow there as well like you get a little from the traditional companies obviously a lot of them want pairs in u.s dollars or other fiat right and it's difficult for them to for them to pay us in xyl because of internal controls and so on and we don't want to

9:03scare them so they give us us dollars we go and we buy xyo in the market and put it into the ecosystem until these constant buyers have an effect this especially as a network that's larger than logic mode very cool and that's incredible to hear the success of the people using the coin app marcus so congratulations on that and also just getting people that aren't

9:26in cryptocurrency involved into decentralized networks so i think it's a super important way in whatever way you can do it whether it's through a game or through an app and people then realize the potential of these innovations and how powerful they can become as you continue to grow out yeah yeah yeah exactly right and it's the a lot of crypto is it's just

9:50hard to understand for lots of people and that's why people listen to your podcasts i think right and try to make the coin out but so easy that really anyone can can be part of crypto when you even when you withdraw your xyo you have an option to restore to your esc 20 wallet or to just restore it to your coinbase email address so if you have your ecommerce account and it

10:16matches the email address you can of the account then you can just destroy it so this is a fee-free withdrawal and it's you see it automatically in your economy's account and then we actually provide interest on your xyo holdings in your commerce account by doing something like this so people give us the ability to read the xy oh balance some of the users and

10:40then we give them interest on the extra balance in coinbase you make it so easy that's great marcus and i'm really glad that you know since we last spoke we developed this app got so much more people into crypto but and with the help of nfts and d5 i feel like a lot of people who weren't interested in digital assets before and decentralized networks are now

11:04getting involved and i'm curious in 2022 and in the present moment what are the main focuses for you and for xyo network in continuing to grow out the network of xyo throughout this year is it are you trying to balance through through the app and the software and through the iot devices as well yeah yeah we launched expo 2.0

11:32Three weeks ago or four weeks ago and it's it's a much easier way for someone to be part of the network so it's a whole new way to look at our technology and make it faster and more reliable and much cheaper and so we did that and there's iterations of that coming in 22 then we're going to do some work on x y o world israel world is a it's a nft game we launched

12:01two years ago i think which is your own titles of the world basically and we're gonna build more underlying gamification for x4 world and make it faster right now it's on ethereum so it's a little stuck and yeah and then obviously we're gonna keep growing the network and have more partnerships and more more things happening and more listings and

12:30whatever and then our company expert labs is going to list on the t080s probably in q2 so t0 and 80s for is a pretty new so in america you have the national exchanges like nyc nasdaq and so on and other to have the alternative trading systems which are like a normal market it's like bit and ask and so on but you don't need to do

12:57an ipo and do quarterly filings and so those kinds of stuff to do the findings we do anyways as a company because we did a certain kind of offering the regulation a offering and so we come it's our share we are going to be using sevens or eights listed asset on the t080s and we are very excited about that because it's gonna bring you know allow our expert holders to

13:22become shareholders as well we have over twenty four thousand already but more shareholders and it's people can really be part of everything in a way that's incredible to hear and i've been hearing about t0 as an up-and-coming exchange looking for more blockchain and decentralized platforms too that are doing securities offerings to get on there and it's

13:47been a long time coming and i'm glad to see it that moving into fruition you know i remember talking to t zero in 2018 around last spoke and they're talking about how we're gonna get all these blockchain projects you know with regulated listings so congratulations on that i'm looking forward to seeing more on that and i'd love to hear and for the viewers as well about

14:10more of the long term vision or mid to learn long term since crypto moves so quickly you know in three to five years where do you hope xyo network to be you know in the throughout the blockchain industry and just throughout the world industry yeah that's a good question i think as we have proven now that we have our data tentacles really anywhere we hope to be even more

14:37connected like grab more data from any device and have a larger network and then connect that with a more and more interconnected world if you like mention the metaverse in the beginning but connect it with meta words and databases smart contracts and be the eminent data source trustless data source which connects all of this and we are on such an amazing trajectory

15:04already to be there and it's very easy to see that we're going to be that company amazing i have confidence that you will marcus thank you for the viewers that are looking to follow along with xyo network for that launch and just to learn about the coin app and just what the intricacies of the iot network what is the best way for them to learn more and to get

15:27involved in the communities yeah join our twitter just google xy or twitter and go fund it or our discord and they're our team we have the amazing team there which answered any questions you might have and of course check out xyo.network the website and you'll find lots of information and all the links to social that's on there as well and

15:53then great marcus i will leave those links in the description box below as well to make it easy for the viewers i really appreciate you coming on it's a pleasure to have you back on the show impressed with all that the growth that xyo network has had since we last spoke and looking forward to following up again in the near future awesome thank you so much for inviting

16:14us bye you