SAN DIEGO--(BUSINESS WIRE)--XYO (Kucoin: $XYO), the geospatial cryptonetwork, today announced it has partnered with Metadium, a next-generation identity protocol that enables users to control the digital destiny of their online and offline identities. The partnership promises to develop new ways, including the use of new geospatial data, to make identity management accessible and more effective for individuals and their devices.
“There are multiple ways to manage identity, and we focus on building concrete ways to solve that challenge while putting control firmly in the hands of the individual,” said Justin Park, CEO of Metadium. “Our partnership with XYO will add a powerful location-verified component, toward creating a free world through self-sovereign identity. We look forward to integrating with the XYO SDK, and to building a unique ecosystem based on verified identities for people as well as devices.”
Metadium is an ecosystem built on a public identity blockchain, and the Metadium team is working hard to empower individuals around the world through Self-Sovereign Identity (SSI). The SSI model enables individuals to possess sole ownership over their offline and online identities, and also to fully control the sharing and distribution of their personal data, including ownership, management and use of their identity only with their consent--all without the need for intermediaries.
As part of this partnership, Metadium will leverage the XYO IoT-based cryptographic blockchain network and protocols to add location and other heuristic data verification to the already-powerful Metadium solution. Both teams look forward to the many possibilities the partnership is expected to enable for consumers and business users globally.
“We’re glad to be partnering with Metadium - their decentralized solutions are an efficient way for users to safeguard and manage their identities,” said XYO CEO and Co-Founder Arie Trouw. “Integrating our geolocation-based data validation to the identity management Metadium is doing can significantly improve security and control for users, and we see that as a significant win for everyone.”
For more information, visit XYO and Metadium.
About XYO
Since 2012, we've developed trusted IoT technology
that connects the digital world with the physical one. In 2018, we
unveiled the XYO Network, the world’s first geospatial blockchain
network backed with cryptography. With more than 1 million
location-verifying beacons around the planet, our 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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