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XYO and BULVRD Partner to Pay Consumers to Map Out Traffic Hazards

XYO and BULVRD Partner to Pay Consumers to Map Out Traffic Hazards

SAN DIEGO–()–XYO
(Kucoin: $XYO), the geospatial cryptonetwork, today announced a
strategic partnership with BULVRD,
the crowdsourced global mapping and road reporting app whose users earn
cryptocurrency tokens while driving. The partnership makes use of the
Internet of Things (IoT)-based data and proof of location capabilities
from XYO, and BULVRD’s Ethereum blockchain-based community mapping and
road condition reporting ecosystem, currently live in more than 20
countries. The combined solution will improve condition and incident
reporting through richer, “trustless” data sets, while creating a more
effective experience for users.

BULVRD is creating a micro-economy on the Ethereum blockchain centered
around a real-time traffic-aware navigation app. The app rewards users
with tokens and digital collectibles for driving and making automatic
reports on road conditions such as hazards, traffic and police activity.

“The location verification data delivered by our partner XYO is a
natural value-add to what we’re doing with the BULVRD Drive app,”
commented BULVRD founder and CEO David Hodge. “For navigation apps,
crowdsourced data–a significant part of the process–is often tainted
by ‘spoofing’ or even social engineering. Through this partnership with
the XYO team and the multi-point independent validation of conditions
and incidents, we can easily sidestep those issues that will continue to
challenge the other competing solutions.”

The XYO and BULVRD teams are working closely, combining augmented
reality, AI, machine learning and location verification to validate and
improve the quality of rich data being reported. Users will earn
cryptocurrency for in-app actions and contributions.

“This partnership with BULVRD is an excellent use case and opportunity
to showcase the value of independent consensus-based location data which
we can make available,” said Arie Trouw, Co-Founder and CEO of XYO.
“We’re glad to add our expertise in the location verification space to
what the BULVRD team has built out. Everyone should benefit, and we look
forward to expanding our work together over time.”

For more information, visit XYO
and BULVRD.

About XYO

Since 2012, with a Dataist focus, XYO has developed trusted IoT
technology that connects the digital world with the physical one. In
2018, the company unveiled the XYO Network, the world’s first geospatial
blockchain network backed by cryptography. With more than 1 million
location-verifying beacons around the planet, XYO 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. For more information, visit us at www.xy.company
and https://xyo.network.

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Published at Mon, 15 Apr 2019 13:00:00 +0000