XYO Network Pairs With CYBR to Make Blockchains, Smart Contracts & Cryptocurrency Payments Saferhttps://medium.com/xyonetwork/xyo-network-pairs-with-cybr-to-make-blockchains-smart-contracts-cryptocurrency-payments-safer-8cf7f7547b81
San Diego, CA, July 25, 2018 — XYO Network, the first people-powered location network built on blockchain technology, has partnered with cybersecurity company CYBR to boost the safety and security of blockchains, smart contracts, and cryptocurrency transactions. Between XYO’s crypto-oracle network, which verifies location using more than a million beacons scattered across the globe, and CYBR’s BlindSpot engine, which identifies and disrupts illicit cyber activity, the companies hope to add an extra layer of safety to doing business on the blockchain.
“We’ve long known that hackers see smart contracts and cryptocurrency as potential targets for scams and theft. This partnership gives us the chance to use our own trusted location technology and the Ecosystem from CYBR, designed to catch what many antivirus tools cannot, to secure public and private blockchains,” said Markus Levin, XYO Network’s Co-founder and Head of Operations.
XYO Network provides both relative location data, the distance between constantly moving objects, and absolute location data, which pinpoints locations anywhere in the world — down to the nanometer, if necessary. CYBR’s Ecosystem is a portal that uses real-time safeguards, threat intelligence and countermeasures to protect both the CYBR community and crypto entities.
“As a security Subject Matter Expert for the past 20 years, I’ve consistently found that the combination of physical and cyber security solutions is a force multiplier. The XYO Network’s focus on geolocation tracking and similar solutions fits perfectly with the cybersecurity solutions that CYBR offers,” says Shawn R. Key, CYBR’s CEO and President. “I’ve worked with various global physical solution companies in the past and it’s a real privilege to be working with a company as talented as XYO. Expect great things from this collaboration in the future!”
