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Offers decentralized, precise location services for robotics and IoT systems.
GEODNET is an innovative Web3 project designed to revolutionize the spatial data landscape through a decentralized, blockchain-based network. By facilitating RTK (Real-Time Kinematic) base stations, also known as Satellite Miners, on private properties, GEODNET allows for the capture and relay of data with centimeter-level accuracy. This data is essential for the operation of autonomous systems and is particularly relevant in sectors such as robotics, autonomous vehicles, precision agriculture, and the broader IoT ecosystem. The project's fundamental mission is to provide a robust, decentralized geolocation layer that supports the integration of precise location services across various applications. The network’s open infrastructure is designed to be highly adaptable and efficient, offering significant operational and economic benefits to developers and businesses incorporating these services into their frameworks. Users can actively participate in the network by contributing high-precision data and in return, receive GEO cryptocurrency, which acts as an incentivization mechanism encouraging widespread adoption and network stability.
The technical design of GEODNET is rooted in th...
GEODNET is an innovative Web3 project designed to revolutionize the spatial data landscape through a decentralized, blockchain-based network. By facilitating RTK (Real-Time Kinematic) base stations, also known as Satellite Miners, on private properties, GEODNET allows for the capture and relay of data with centimeter-level accuracy. This data is essential for the operation of autonomous systems and is particularly relevant in sectors such as robotics, autonomous vehicles, precision agriculture, and the broader IoT ecosystem. The project's fundamental mission is to provide a robust, decentralized geolocation layer that supports the integration of precise location services across various applications. The network’s open infrastructure is designed to be highly adaptable and efficient, offering significant operational and economic benefits to developers and businesses incorporating these services into their frameworks. Users can actively participate in the network by contributing high-precision data and in return, receive GEO cryptocurrency, which acts as an incentivization mechanism encouraging widespread adoption and network stability.
The technical design of GEODNET is rooted in the leveraging of blockchain technology to ensure secure, decentralized data collection and storage. The implementation of precision GNSS (Global Navigation Satellite System) data through Satellite Miners enhances the overall data accuracy essential for real-time, high-precision geolocation. Significantly, GEODNET's economic model not only supports the direct financial engagement of participants but also strategically enhances token valuation by allocating a large portion of its data revenue for GEO token buybacks and subsequent burning. This reduces circulating supply and augments network value. The addition of the GEO-PULSE device further extends GEODNET's capabilities by providing the world’s most accurate vehicle navigation and engaging users through token-based quests, expanding the protocol's reach and user interaction. The recent investment of $8 million, led by Multicoin Capital, underscores industry confidence in GEODNET’s potential to provide distinctive, highly accurate geospatial data services, spearheading initiatives to equip robotic and autonomous systems globally with precise location capabilities.
GEODNET is a pioneering project that transforms the geospatial data market by using blockchain technology. It provides a decentralized platform for sharing, validating, and monetizing geospatial data, ensuring it is tamper-proof and secure. This allows data providers to benefit financially from their data while offering data consumers access to reliable and verified datasets. GEODNET promotes a transparent and accessible system, aligning with web3 ideals of decentralization and peer-to-peer exchange.
GEODNET enhances GNSS signal accuracy through its decentralized network of Space Weather mining stations. These stations monitor solar wind impacts on GNSS signals to achieve centimeter-level positioning and nanosecond-level time accuracy. This improvement benefits various applications such as autonomous navigation, agriculture, and geohazard monitoring, providing more precise and reliable data for these industries.
GEODNET supports a diverse range of applications through its expansive network of nodes, including automotive and autonomous navigation, agriculture and construction vehicle control, earthquake and geohazard monitoring, and traditional land surveying. The platform's accuracy and reliability also extend to newer fields like AIoT, geo-scientific research, and Metaverse applications, making it versatile and relevant across various industries.
GEODNET tokens serve multiple functions within the network: they are used to pay for data streams and services, reward Space Weather Miners, facilitate staking to create new high-value regions, enable governance decisions, and offer discounts on mining equipment. This multifaceted utility supports the network's operations and growth while providing incentives for participation and investment.
GEODNET leverages blockchain's inherent properties to ensure geospatial data integrity and security. By decentralizing the data exchange process, the platform makes geospatial information tamper-proof and reliable, fostering a trustworthy ecosystem for both data providers and consumers. This decentralized model enhances transparency, data integrity, and security, crucial for sensitive applications and industries.
GEODNET aims to expand its user base in fields like robotics, drones, and mobile applications. It plans to introduce staking mechanisms to improve network coverage in high-demand areas, thus enhancing the quality and reliability of its services. These efforts are designed to broaden GEODNET's impact across various sectors, fostering innovation and expanded use of its decentralized geospatial data solutions.
