Early this year a very good friend of mine told me a story on how his older sister was duped of 130,000 USD online. According to his story, the young woman met a guy online who claimed to have an oil servicing firm sometime in 2010 and they fell in love with each other. In June 2011, the man told the lady that he was handling a project in Germany and needed to buy a compressor from company XYZ (company name withheld for some reason) but he is out of cash and requested if the lady could help him purchase the item from the company, promising to reimburse her by the end of the month when he has received his payment from the contract he was handling. The lady agreed to help his lover and the man sent the website of the supposed company that sales quality compressors to her. She visited the company’s website and saw the equipment there, she went further to call the support line to confirm the amount of the equipment and she was told $130,000 including shipping the equipment to the site in question. After much verification, she sent the cash to the company little did she know that the young man she was trying to help is a fraudster and that company XYZ was not real not to talk of the equipment. After the payment was made, the young man’s number stopped going through and his entire social media platform deleted.
The above incident would not have occurred if there was a platform that can help in verifying the real time location of all forms of equipment. She wouldn’t have lost such amount of money if there was a platform like XYO NETWORK which is a trustless decentralized system of location that will give her concrete evidence through a chain of cryptographic proofs to show that such equipment is not in the location where the company claimed to be. The XYO NETWORK has been around since 2012 and presently they have about 1 million Bluetooth and GPS for this task; this I believe is massive. On the XYO NETWORK, users will be able to retrieve a piece of location data from on any blockchain platform that has smart contract functionality via issuing transactions called “queries” and this is all the lady needed to have escaped that horrible experience.
XYO NETWORK will save a lot of people from buying stuffs that are not in existence. I really wish there was XYO NETWORK far back in 2011, my friend’s sister who is still recovering from the shock of that experience would not have lost that huge amount of money.
I will advise you to invest in this life-saver project. You will be helping a lot of persons that would have falling victim of experiences like the one we have above in the nearest future.
Check out the XYO NETWORK essential links below for more info:
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1910177