Location-verification technology can help cars communicate, find parking
spaces, even pay for parking
SAN DIEGO–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/InternetofThings?src=hash” target=”_blank”gt;#InternetofThingslt;/agt;–XYO,
the technology that bridges blockchain to the physical world, is proud
to announce it has won the MOBI (Mobility Open Blockchain Initiative)
Grand Challenge “People’s Choice” award. XYO is a member of MOBI, and a
peer alongside global leaders including BMW, IBM, General Motors and
Ford. The award was presented to the XYO team on February 15th, at the
culmination of the first MOBI Grand Challenge Hackathon at the
headquarters of MOBI community member BMW Group in Munich, Germany.
The MOBI award for XYO specifically commends the company’s contributions
to the creation of a viable, decentralized, mobile ad-hoc network of
blockchain / distributed ledger technology (DLT) connected Internet of
Things (IoT) devices that can reliably share data, coordinate behavior,
and ultimately improve human mobility and quality of life.
Markus Levin, XYO Co-Founder and Head of Operations commented on the
win: “We are ‘over the moon’ at winning this award, and also by the
strong showing of support the community has shown for our project and
technology. With blockchain we can significantly improve the
interconnectivity and usefulness of data between today’s smart devices
and vehicles, and we’ll use this award to push the boundaries of what’s
possible as we build out the ‘Internet-of-All-Things’ and a more
The MOBI Grand Challenge is sponsored by MOBI and the Trusted IoT
Alliance (TIoTA), and will run in bi-annual stages over the course of
three years. Judges come from many of the world’s leading organizations
including Accenture, World Economic Forum, Trusted IoT Alliance,
Volkswagen and others.
For more information, visit us at XYO.
Since 2012, we’ve developed trusted IoT technology
that connects the digital world with the physical one. In 2018, we
unveiled the XYO Network, the world’s first geospatial blockchain
network backed with cryptography. With more than 1 million
location-verifying beacons around the planet, our technology rivals the
GPS network, and radically transforms the world’s leading industries.
Partners include mapping giant Esri, FedEx Research Institute, Re/Max
Mexico and Spaceflight Industries. XYO Advisors come from leading
organizations including National Geographic and the World Economic
Forum. XYO is now trading on KuCoin, LATOKEN and IDEX. For more
information, visit us at www.xy.company
Head of Communications