Today we’re proud to announce that we are collaborating with Chainlink, a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. We will combine the Internet of Things (IoT)-based data capabilities of XY Oracle, “XYO,” with Chainlink’s reliable and secure end-to-end connections between external data sources and smart contracts, across multiple blockchains.

By working together, XYO and Chainlink provide smart contracts secure access to highly valuable IoT data, which can be used to create a multitude of new smart contracts in industries including Insurance and Financial Services.

“Chainlink is excited to be working closely with the XYO team,” commented Sergey Nazarov, CEO of Chainlink. “ We feel this collaboration will benefit all parties, and certainly those who would want to combine high-quality IoT data from the XYO network, with a highly-secure and reliable oracle like Chainlink, for their smart contract development teams or across large enterprises.”

“This partnership with Chainlink provides an excellent opportunity to showcase the value of providing seamless data and chain-to-chain integration,” said Arie Trouw, Co-Founder and CEO of XYO. “We’re glad to add our expertise and the increasingly complex data sets to the world-class solution the Chainlink team has created. We look forward to further expanding our work together over time.”

About Chainlink

Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms and media publications. It is well known for providing highly secure and reliable oracles to both large enterprises (SWIFT) and leading smart contract development teams. Learn more by visiting the Chainlink website or joining them on Telegram and Twitter.

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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