GEODNET

Extracted Attributes

• Token

  GEOD

• Founded

  2021-01-01

• Industry

  Technology, Information and Internet

• Full Name

  Global Earth Observation Decentralized Network

• Company Size

  11-50 employees

• Headquarters

  Santa Clara, California, US and Singapore

• Blockchain Platform

  Solana

• Last Funding Amount

  US$ 8.0M

• Total Funding Rounds

  5

• Annualized Recurring Revenue

  $630,000 USD (as of March 2024)

Timeline

• GEODNET is founded to build a decentralized physical infrastructure network (DePIN) for high-precision RTK GPS data. (Source: LinkedIn)

  2021-01-01

• GEODNET reports an annualized recurring revenue (ARR) of $630k with a bootstrapped network of 5,061 nodes. (Source: VanEck Blog)

  2024-03-01

• GEODNET raises US$ 8.0M in an Initial Coin Offering (ICO), marking its fifth funding round. (Source: LinkedIn)

  2025-03-25

Mike A. Horton

Mike A. Horton is an American engineer and founder of a company producing sensor technology and sensor-based systems.

Web Search Results

• Introduction | GEODNET DOCS CENTER

  LogoLogo `⌘Ctrl``k` For the complete documentation index, see llms.txt. This page is also available as Markdown. # Introduction ### What is GEODNET GEODNET is an acronym for Global Earth Observation Decentralized Network, and the project is run by experienced individuals in the GPS industry. It is a Web3.0 blockchain-based highly-reliable RTK (Real-Time Kinematics)Network using #DePIN (Decentralized Physical Infrastructure Network) principles. You can think of it as an advanced network combining blockchain and RTK technologies to provide precise real-time positioning data. [...] To address this challenge, GEODNET introduces the concept of a reference station network. These Base Stations, installed on rooftops globally, serve as nodes in the network. Through a process known as "correction streaming," the reference station network disseminates real-time correction data to nearby devices subscribed to our service. As a result, devices within approximately 20 kilometers of a reference station can achieve instant centimeter-level accuracy in positioning, akin to Real-Time Kinematic (RTK) technology but without the associated costs. In return for providing these crucial reference points, participants receive GEOD tokens as rewards.

• GEODNET: Why We're Bullish | VanEck

  GEODNET is in the decentralized physical infrastructure networks, or DePIN, class of crypto projects that employs token incentives to create a network of physical infrastructure. Similar to DIMO, Hivemapper, and Helium, GEODNET distributes tokens to people who run hardware to create a network of “miners” that supplies useful services. In the case of GEODNET, the miners operate internet-connected devices that collect satellite positioning signals and make them more accurate. Users buy these devices using their own money, which is available from online retailers and install them according to instructions online. While users can purchase devices through GEODNET partners, GEODNET supports a variety of devices built by dozens of different manufacturers. As such, its network is not reliant upon [...] GEODNET is a project that utilizes cryptocurrency to bootstrap a network of GNSS, Global Navigation Satellite Systems like GPS, and correction services that substantially improve the accuracy of location data. Using token incentives, we believe GEODNET has done an exceptional job bootstrapping a network of 5,061 nodes to provide real value to end users. Already, GEODNET is generating meaningful revenue from customers who are substituting GEODNET’s data over more expensive alternatives. GEODNET has created products for users in agriculture, drones, construction, and IoT. As of March 2024, GEODNET boasts an annualized recurring revenue (ARR) of $630k. We forecast that GEODNET will increase its market share of the $3.4B GNSS correction market because GEODNET’s service is substantially [...] By contrast, GEODNET operates as a pure information business that provides useful data that is sold wholesale or re-marketed by other businesses as part of those businesses’ integrated product or service offerings. GEODNET’s approach is special because it outsources data collection to service providers who are paid using GEOD tokens. At the same time, GEODNET uses partnerships to outsource sales of its data to service businesses and OEMs who incorporate GEODNET’s precision data as part of their product or services. As such, GEODNET is a business that does not own its network, manufacture products, or even maintain sales channels for products that utilize its data. GEODNET is a network whose value is the information it provides rather than the bevy of services stapled on top of it.

• GEODNET price today, GEOD to USD live price, marketcap and chart | CoinMarketCap

  The Global Earth Observation Decentralized Network (GEODNET) is a decentralized network of Space Weather mining stations that report the real-time influence of the Sun’s solar winds on the Global Navigation Satellite System (GNSS) signals. This data is commonly used to accurately correct GNSS (GPS and other navigation satellite) signals to provide centimeter level positioning accuracy and improve absolute time accuracy to nano-second level. Traditional applications for these data services include Automotive/Autonomous Navigation, Agriculture/Construction Vehicle Machine Control, Earthquake/Geohazard Monitoring, and traditional Land Survey. Blockchain applications include decentralized Mapping, Metaverse Digital Twins, Location-Aware Smart Contracts, and Proof-of-Location and Time.

• GEODNET - GEODNET: The World’s Largest RTK Network. Unmatched GPS Precision, Everywhere—Affordable for All.

  GEODNET is a highly reliable Web3 RTK network built on DePIN principles. By leveraging a low-data-rate network connection, GEODNET's Real-Time Kinematics (RTK) technology offers up to 100x more accurate positioning than standalone GPS systems. With a global network of over 19,000 base stations, GEODNET seamlessly integrates with on-device sensors like cameras, LiDAR, and IMUs to provide AI-powered autonomous systems with precise, real-time 3D localization. GEODNET isn’t just for tech innovators—it’s transforming industries across the board. Farmers can rely on it for precision agriculture, robots can navigate complex environments with pinpoint accuracy, and land surveyors and construction workers can get the measurements they need without breaking the bank. As the world’s largest and most [...] without breaking the bank. As the world’s largest and most affordable RTK network, GEODNET makes cutting-edge technology accessible to users who would typically pay 5-100x more. Reliable, scalable, and cost-effective, GEODNET is revolutionizing industries and powering the next wave of innovation. www.geodnet.com [...] ### Website ### Crunchbase ### LinkedIn N/A ### Industry Technology, Information and Internet ### Company Size 11-50 employees 21 associated members (LinkedIn members who've listed GEODNET as their current workplace on their profile) ### Founded 2021 ### Funding Last Round Date: 2025-03-25T00:00:00.000Z Last Round Type: Initial coin offering Total Rounds: 5 Last Round Raised: US$ 8.0M ### Investors Multicoin Capital, + 1 Other investor ### Specialties robots, rtk, gnss, gps, centimeter accuracy location, web3, blockchain, GeospatialData, SmartFarming, ConstructionTech, Landsurveying, AutonomousSystems, PrecisionGPS, Geospatial, DePIN, GPSAccuracy, RTKNetwor, TechForGood, FutureofFarming, and BlockchainInnovation ## Locations Santa Clara, California, US, Singapore, SG

• GEODNET: Global Earth Observation Decentralized Network | NAVIGATION: Journal of the Institute of Navigation

  GEODNET consists of multiple physical and virtual nodes interacting with each other and with the blockchain. Copies of the blockchain are stored on many nodes as a distributed ledger, and updates to the blockchain are performed in a distributed manner using consensus protocols with no reliance on a centralized or specific set of nodes. The physical GNSS reference stations (“miners”) generate GNSS observation data in exchange for tokens. Unlike many other mining approaches that use an energy-intensive proof of work (POW), where the output of the processing work is used to secure transactions on the network, GEODNET utilizes a POS for validating transactions on the blockchain. [...] GEODNET takes an approach that merges the desired features of POW and POS. External resource consumption (external entropy) is critical to the system’s security and decentralization. However, instead of using unbounded energy consumption as in Bitcoin or most other POW protocols, GEODNET uses geospatial information as the unique and unforgeable resource to include in the consensus process. The GEODNET consensus protocol uses both geospatial data input (POL, POA) and staked tokens (POS) to efficiently determine block generation. [...] Decentralized infrastructure promises a scalable and rewarding way to enable high-precision measurements at Earth scale. GEODNET has proposed and is currently implementing an approach for building, running, and maintaining this decentralized infrastructure by utilizing ideas and technologies successfully demonstrated by innovative projects in the blockchain space over the past decade. Compared with the current sources for GNSS measurement data, GEODNET will allow participation in this valuable area by many more people (both as providers and users), with a relative benefit over the current state, particularly in developing and underserved areas. The GEODNET team has been excited to see the interest in and early growth of the project to date and looks forward to continuing to grow and