San Diego, CA, July 17, 2018 — XYO Network, a company devoted to bringing blockchain to the real world, has teamed up with trust company Ryzgo to remove the doubt and uncertainty of using decentralized blockchain apps (dApps) for lending and extending credit, trading goods and services, fundraising and more. As the world moves over to a peer-to-peer system on the blockchain, using the decentralized network for both smart contracts and transactions big and small, XYO Network will offer its hyper-accurate geolocation data, straight from the company’s crypto-location oracle network, to help Ryzgo verify the identity of users.

“In the near future, some of the world’s most important transactions won’t happen at a bank, but on the blockchain. And because the apps that drive those transactions will run on code that is spread across the planet, trust, naturally, is an issue” says Arie Trouw, co-founder and Technical Architect of the XYO Network. “Between our location-based data and Ryzgo’s robust trust protocol, we can reduce fraud, prevent identity theft, and bring peace of mind to businesses and individuals who are buying, selling or lending credit on the blockchain.”

The Ryzgo Protocol is designed to deliver security and transparency to the blockchain ecosystem, answering three specific trust questions from users: Who is this person? What do I know about this person? And, is this person exactly who they claim to be? The company’s trust metric is used to verify everything from a person’s on-chain transaction history to their identity on the blockchain network, but where a person physically exists is also an important authenticator.

“One of the many markers we use to protect people from fraud is a person’s location. This is about more than identifying a person, but making absolutely certain that that person is exactly who they say they are,” said Balaji Venkateswaran, CEO of Fremont-based Ryzgo. “As the leader in providing geo-location data on the blockchain, we saw an immediate and strategic opportunity to partner with XYO Networks to greatly enhance our fraud detection capabilities.”

For more information, visit XYO Network and Ryzgo.com.

About XYO Network

Founded in 2012, XY, the company behind the XYO Network has developed the world-class location protocols necessary to achieve the mission of building a decentralized location network. The XYO Network makes it possible for smart contracts to truly function in the real world, by using the XYO Network’s ecosystem of devices to determine if an object is at a specific XY-coordinate. When the geospatial conditions are met, as defined by the blockchain developer, applications can be developed which trigger location-reliant transactions in blockchain smart contracts. XYO can pinpoint the location of objects, from jewelry to cars securely, all in real-time. Through the XYO Token Pool, and the launch of its GAMMA Platform, XYO Network has become 2018’s most exciting blockchain project.

About Ryzgo

Ryzgo is the only protocol that solves the issue of a priori trust amongst peers in a comprehensive, multi-disciplinary approach. Founded by veteran Silicon Valley executives with decades of experience founding, building and selling companies — and over $5B in fundraising, IPO and M&A transactions — they bring together their deep and diverse experience in cyber-security, data science, AI, and blockchain to build a platform that will be foundational to the success of the blockchain ecosystem.

Contact

XYO Network

Jennifer Perez

Phone: 619.630.8722

Email: jenn@xyo.network

Contact

Ryzgo, Inc.

Balaji Venkateswaran

Email: balaji@ryzgo.com

Telegram: @RyzgoAdmin