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Last Update
Jan 18, 2018
HitBTC
HitBTC
Idex
NaviAddress is the first global digital addressing system using blockchain technology.
We believe it will revolutionize the traditional physical address (i.e. locations of people or things). It allows users to replace a postal address with a NaviAddress, which is a specific sequence of numbers.
A NaviAddress makes your life better: when traveling, finding a place to meet, receiving a package - and in many other ways as well.
It is more than a replacement, however. Like a smartphone is not just something you use for calls, a NaviAddress is more than just an address replacement. It includes metadata (relevant and useful information) for the specific location or object, such as last mile navigation, media, and contact details. Every location will have its personalized digital identity, for example.
NaviAddress not only combines all the advantages of existing addressing and geolocation systems (such as postal or geotags), and eliminates their drawbacks, but also brings new uses to individual and business users such as delivery and taxi services, HoReCa, and e-commerce.
Introducing blockchain technology gives globally recognized addresses to the four billion people worldwide who – according to the United Nations – are living without a physical address. The blockchain provides no dependency on central authority – as opposed to the approach taken by some of our competitors.
In addition, Blockchain technology allows delivery businesses to decentralize storage of Naviaddress data, adds the advantage of immutability of data and – importantly – can be verified by 3rd parties to give a ‘certified’ mark to the address.
Facilitating a “virtue” cycle for token circulation: NaviAddress introduces the NAVI token (or NVT) thereby creating a network effect. The more people joining NaviAddress to order deliveries, the more delivery services companies use NaviAddress to plan their deliveries, the more addresses get verified – meaning end users get ever increasing value. This approach is similar to the CIVIC project, which develops digital identities for people on the blockchain.
In conclusion, the NaviAddress platform on the blockchain will provide:
The Naviaddress adoption of blockchain technology is gaining wide acceptance. As of December 2017, there were more than 200,000 application installations, more than 45,000 active monthly users, and more than 1.5 million registered NaviAddresses.
Global brands such as Uber and Booking.com already support NaviAddress mobile applications; a deal with the pan-European delivery company DPD is under negotiation.
Naviaddress aims to create a decentralised global unified address platform for real and virtual worlds. Using a proprietary technology patent pending Naviaddress developed a platform with a capability to assign a digital address to any location with geocoordinate precision.
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Verified 71%
Attention. There is a risk that unverified members are not actually members of the team
Verified 33%
Attention. There is a risk that unverified members are not actually members of the team
Positives
Business Partnerships: Navi Address is already partnered with companies such as Uber, Booking.com, and Dpd. This ensures that this project is backed by existing businesses that are willing to use its platform.
Trustless Verification: Navi Address provides a trustless verification system which shows the user’s precise locations for delivery and online businesses. This will help reduce the amount of missed deliveries and help save billions of dollars in sales.
MVP Included: Navi Address already has an MVP product for users and businesses to start creating their own personalized address. So far, they have over 60,000 registered app users and 1.3 million businesses already connected in their system.
Negatives
User Privacy: We would like to see a feature where a user can remove their Navi address so that they can remain private. Keeping the address on Navi’s system might lead to a breach of user privacy.
Market Value: While this is a great project, we’ll have to see if the demand for Navi Address increase over time.
The platform has been able to combine all the advantages the current location identification systems would offer. It further eliminates the drawbacks that you might have experienced. Thus, making it a go-to option.
The platform has precise geo-coordinates that have been made ideal for drone delivery. It has been made convenient for both digital and verbal communication and not forgetting it can be used as a delivery and postal address. So why not, go ahead and register and become a member of the platform.
