Augmented reality app Geon partners with XYO to improve proof of location data

XYO, the geospatial crypto network, today announced a new partnership with Geon Network, an Augmented Reality (AR)-enhanced location-based service. The partnership will generate and leverage rich location-based data to improve “Geons,” AR objects that can be placed anywhere in the world by consumers, businesses, non-profit organizations, and others.

The collaboration will leverage XYO’s ability to collect and make geospatial data available, while improving functionality and user verification at Geon Network’s more than 1.5 million existing AR objects around the globe.

Geon Network created the Geon app to enable users to get paid for visiting real-world locations. In the app, users search for nearby Geons, and if there is a Geon nearby, the user can interact with it to earn “Geon Coins” through a process called “Geomining.” The longer the user remains near a Geon, the more coins received.

The “geomined” coins may then be exchanged for various types of rewards, in a model that lets organizations and businesses attract and maintain the attention of potential visitors or customers at a specific physical location, such as a store. Accurate proof of location data is essential to the Geons, and the partnership will further improve the accuracy and value of that data.

Initially, the Geon team will augment existing Geons globally by integrating technology from the XYO SDK, to enable rich location-based data sets. Then with the continued rapid growth of the Geon Network, the relationship and integration of data from XYO endpoints is expected to expand accordingly.