The GEODNET Foundation, the web3 organization governing the Real-Time Kinematic (RTK) network GEODNET, has announced new distribution and OEM agreements with more than ten enterprise customers, including AllyNav, Bad Elf, bynav, Sensori Robotics, and Unmanned Life.
The addition of these new customers highlights the broad and growing applicability of GEODNET’s blockchain-based global RTK and GNSS correction network, which now comprises more than 7,000 stations. The network’s unique combination of high precision and cost-effectiveness has made it an attractive solution across various industries.
“Today we announced a wide range of new customers whose businesses span Automotive Electronics, Drone Technology, IoT Robotics, as well as traditional Farming and Surveying Equipment,” said Mike Horton, Project Creator of GEODNET. “These newly announced customers, along with an additional five non-public contracts, demonstrate the breadth and growth of applications for precise location using GEODNET.”
Expanding Network and Token Availability
The GEODNET ecosystem is experiencing continuous growth, with an average of 100 to 200 GNSS reference stations added per week during the first half of 2024. The GEOD utility token is now available on several notable centralized and decentralized token exchanges, including Gate.IO, MEXC, Mimo, Quickswap, and Uniswap. Additionally, the crosschain GEOD token is live on both the Polygon and IoTeX Ethereum-compatible blockchains.
About GEODNET
GEODNET is a Global Navigation Satellite System (GNSS) reference network for Real-Time Kinematics (RTK) based positioning. Standard GPS is usually off by two meters; however, devices connected to GEODNET’s global RTK network can achieve accuracy within 1-2 centimeters. Many IoT and autonomous applications, such as drones, smart mowers, and Advanced Driver Assistance Systems (ADAS), have shifted to RTK in lieu of standard GPS positioning.
GEODNET is a community-based Decentralized Physical Infrastructure Network (DePIN). Anybody can contribute to the network by installing and operating a reference station known as a satellite miner. Satellite miners deliver precise RTK correction data to devices equipped with GNSS receivers within a range of approximately 20-40 kilometers. GEODNET has over 7000 registered reference stations in 2500+ cities across 120+ countries today. Ultimately, GEODNET aims to provide the world’s most robust precision navigation system to a variety of industries, including self-driving cars, agriculture, consumer robots, and more.
