XYO Network to Launch of Blockchain Satellite on SpaceX Falcon 9 

XYO Network Executes Agreement with Spaceflight to Take XYO into Space, with the Launch of XYO’s First Blockchain Satellite, the “EtherX,” aboard a SpaceX Falcon 9

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 XYO Network is partnering with space industry leader Spaceflight to launch XYO Networks’ “EtherX” spacecraft into orbit. This is the first step in achieving its mission of decentralizing the world’s location infrastructure, which currently revolves around the centralized Global Positioning System (“GPS”), which is owned by the U.S. Air Force.

XYO Network Co-Founder Scott Scheper commented:

“Speaking personally, Ethereum inspired me to go from a long-time blockchain observer to going ‘all in’. My work is now 100 percent focused on blockchain technologies. What the Ethereum developer community and Vitalik Buterin have built, has moved the entire ecosystem forward, period. As an ode to Ethereum and Vitalik, we decided to name our first satellite the ‘EtherX.’”

“We’re pleased to provide launch services to XYO Network on an upcoming SpaceX mission,” noted Melissa Wuerl, vice president of business development at Spaceflight. “Our business is based on helping innovative, visionary companies get to space and we’re looking forward to assisting XYO Network to execute their business plan.”

The EtherX is only the first of XYO Network’s fleet of satellites. The company intends to launch a fleet of satellites named after important cryptographers and individuals who inspired them. In fact, XYO Network plans on enabling their global community of “Geohackers” to fully participate by purchasing a ‘stake’ in each satellite.

“Satellites are our first step toward building out an open location network, legitimately positioned to displace the U.S. Air Force’s GPS monopoly. Furthermore, by pairing it with XYO’s cryptographically-backed protocol, we will deliver a layer of un-spoofable location certainty which GPS can never match,” continued XYO Network Co-Founder and CMO Scott Scheper. “Every wildly successful company in history comes to the point where they can play it safe, or think bigger. Those who are part of our movement already know how we do things. We’re the crazy ones. We’re not just going to launch to the figurative moon, we’re going to the literal one. Screw it, let’s do it.”

XYO Network recently drew positive industry attention for executing a geospatial blockchain smart contract using a drone at its inaugural Spatial Summit event in front of more than 700 attendees. At the event, the company launched the fully functional XYO MainNet, dubbed “WinterNet,” making it the world’s first Geospatial Blockchain platform to go live.

dApp developers worldwide have begun creating location-based decentralized applications, called “Geodapps” – and with the upcoming launch of its satellite network, the XYO Network will gain unprecedented coverage to triangulate and validate its ground-based geospatial blockchain nodes, collectively known as “Sentinels.”

PHASE ONE

In the initial stage involving key technology partners to be announced shortly, XYO will be in a strong position to deliver an unprecedented level of location certainty to XYO Network “edge nodes,” which are powered and operated by community members all over the globe (“Geominers”).

The current XYO Network is comprised of multiple relative location-based “mesh networks.” These mesh networks are backed by a cryptographic protocol, underpinning the XYO Network. Assume a given area has its own, self-contained mesh network. Within that network all of the XYO Network edge nodes, essentially permissionless geospatial hardware operated by Geominers. Smartphones running the XYO app (also considered to be Sentinels), in the hands of people across the area, then serve as the nodes or endpoints. The connections between them, and the data transferred back and forth are invisible. Each of these nodes can communicate and verify location, resulting in what we have named “geo-mining,” and this geo-mining delivers XYO tokens for users.

Any user within the mesh network can participate, yet the challenges remain: What happens if a user is in a small town or remote location, miles from a network? How can we link these numerous, self-contained, geographically dispersed mesh networks? How can a person with a sentinel in Tennessee communicate with a person with a geo-mining kit in France? The answer to all of these questions lies in satellites and space.

PHASE TWO – PARTNERSHIP WITH SPACEFLIGHT FOR A SPACEX FALCON 9 LAUNCH

For Phase Two, XYO Network will launch its own custom satellite with Spaceflight aboard a SpaceX Falcon 9 in late 2019, on SpaceX CRS-19. XYO will send its first satellite, named the “EtherX,” into orbit, in a nod to the “Ethereum” blockchain platform.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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