The dApp Breakthrough the World’s Been Waiting For: XYO and Portis to Connect Locations and Users Directly to the Ethereum Blockchain

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SAN DIEGO–(BUSINESS WIRE)–XYO Network, blockchain’s first cryptographic
location network
, is integrating breakthrough technology from
Portis, a Javascript SDK, into its GAMMA Network. The partnership will
help create a flawless, ultra-simple experience for decentralized
applications (dApps) users, and a boost in the types of transactions
that can take place on the Ethereum blockchain.

Until now, two things have prevented dApps from truly going mainstream.
The first was the inability to connect actual locations and location
data to the Ethereum blockchain, restricting the types of smart
contracts that can be used with dApps. The second hurdle focuses on
users, who until recently, had to install tedious, third-party plugins
to use dApps.

With the partnership, Portis will continue connecting dApp users to the
Ethereum blockchain right from their browsers, with no download or
plugin necessary. But the XYO network will deliver dynamic location data
from both moving and stationary objects, greatly broadening the scope of
dApp transactions.

“Location is fast becoming a critical ingredient in Ethereum Smart
Contracts, especially in instances when payment is only sent when an
object makes it to a specific place. As we’ve built out our blockchain
location network, we’ve followed Portis and the impressive work they’ve
done to make using dApps simple and straightforward,” says Markus Levin,
XYO’s Co-Founder and Head of Operations. “By combining our technologies,
we’re opening up a whole new world of possibilities. This is a true
breakthrough for Smart Contracts, dApps, and the dApp user experience.”

Portis is equally optimistic about the partnership, and the future of
dApps using the Ethereum blockchain.

“Both Portis and XYO have a common, essential goal: To bridge the gap
between real world and the virtual world. Portis connects a person to
the blockchain network, as XYO connects a location to the blockchain
network,” says Portis Co-Creator and CEO Tom Teman. “And what better way
to unleash the potential of blockchain and smart contracts on the world
then by making sure the world itself can communicate back with the
blockchain?”

Visit the Portis
website
for more information, and the XYO
Website
to find out more about the GAMMA Network.

ABOUT XYO NETWORK

XYO Network is a vast, geospatial, blockchain-powered location network
that provides accurate, certainty-driven location data on everything
from cars to smartphones. Using tracking devices created and sent out
into the world as well as by updating existing IoT devices and mobile
phones, the XYO Network ecosystem delivers the authentic, verifiable,
and trusted coordinates and data needed to execute smart contracts, run
smart cities, foster financial transactions, and power a legion of
high-stakes, location-centric applications. XYO can deliver complex,
multi-layered, 3D-level location data from anywhere on the planet. For
more information about XYO, please visit http://xyo.network.

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