Esri, XYO Network to bring new location layer to world's maps

XYO Network, the technology bringing blockchain to the real world, has partnered with Esri to bring new distributed, blockchain-based location verification functionality to the spatial analytics space, the company said.

The XYO and Esri partnership is supported through their Startup Program, a coveted three-year program that helps emerging business partners bring new and innovative solutions to Esri customers. As the undisputed global provider of location intelligence, Esri expects to enable users of its ArcGIS platform with access to blockchain technologies to develop significant new applications based on the partnership.

Esri, the global market provider of geographic information system software, location intelligence, and mapping, offers the most powerful geospatial cloud available. Since 1969, Esri has helped customers unlock the full potential of data to improve operational and business results.

XYO Network is an effort to create a vast, geospatial, blockchain-powered location network currently under development with the goal to provide accurate, certainty-driven location data on everything from cars to smartphones. By combining location beacons with IoT and mobile devices, the XYO Network ecosystem plans to deliver the verified coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of location-centric applications. For more information, visit https://xyo.network.