The collaboration will provide scope for ArcGIS users to enable capabilities such as tracking cars and assets in smart cities
XYO Network is partnering with location intelligence company, Esri, to bring blockchain-based technologies to the spatial analytics and mapping space.
It will enable Esri’s ArcGIS customers to make use of the organisation’s location verification functionality through its Start-up programme that helps emerging business partners bring new solutions to Esri platforms.
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 and foster financial transactions through blockchain while Esri provides advanced spatial analytics and data-rich mapping and visualisation and its software is deployed in more than 350,000 organisations.
The two companies will work to deploy location data to Esri’s ArcGIS platform to enhance the engine behind map-based decision making.
“Determining relative location of objects, and particularly those in motion, is important, and we have the opportunity to pair that ability and blockchain technology”
The collaboration opens the possibility for ArcGIS users to enable increasingly important capabilities such as tracking cars and assets in smart cities, clarifying the often-dramatic geographic changes based on natural or man-made disasters, and many other location-based applications and scenarios.
“In the mapping and spatial analytics space, determining relative location of objects, and particularly those in motion, is important, and we have the opportunity to pair that ability and blockchain technology as a significant next step for the industry as a whole,” stated Kevin Bolger, emerging technology practice lead at Esri.
“The use cases and possibilities in our initial discussions with XYO have been intriguing, and we very much look forward to building out deployments and deepening our relationship with the company.”
You might also like: