DePIN Scan: Learn about Geodnet

Thursday, March 28, 2024 11:19 PM
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DePIN Scan: Learn about Geodnet cover

GEODNET – #DePIN Network Improving GPS Accuracy and Reliability at Scale

GEODNET
There are currently 4,201 live GEODNET devices. The price today is $0.233013 USD. The GEOD Market Cap is $20,680,168. The mission of GEODNET is to collect rich, up-to-the-moment geospatial information from both the Earth’s surface and its atmosphere. This is made possible through innovative rooftop Space Weather stations. By employing blockchain technology, GEODNET ensures the establishment of a robust and resilient network. This network, in turn, delivers secure and trustworthy geospatial data products. These products find application in crucial sectors of the economy such as Agriculture, Transportation, and Finance. Furthermore, they cater to emerging areas like Autonomy, AR/VR, and the Metaverse. The GEODNET stations extract satellite navigation observations to create a dataset. Once registered within the network, a capable mining node undergoes identification and evaluation by the system. Rewards are proportionally given to these miners, based on the quality of their data and the uniqueness of the location. These rewards are measured in $GEOD tokens. Each node possesses a blockchain address, thereby becoming a distinct global identifier for each data source node.

DePIN is new class of web3 projects building networks to solve real-world problems.  One such real-world problem is GPS accuracy and reliability. What is the DePIN project GEODNET all about? GEODNET is an acronym for Global Earth Observation Decentralized Network, and the project is run by veterans in the GPS industry. GEODNET is using token incentives to build the world’s larged Real-Time Kinematic (RTK) reference station network.  RTK is an advanced form of GPS that combines normal GPS satellite data with local reference station data to instantly achieve an up to 200x improvement in GPS accuracy.

Geodnet DePIN Diagram

Here’s how it works: Most of the time, your position on the ground as determined by GPS relies on a satellite that is more than 10,000 miles above you. Only after your phone, car, or whatever device receives these faint and distant signals can the GPS estimate where you are. It all works surprisingly well given the distances involved, but the estimated location can still be anywhere from a few to a few dozen meters off. We’ve all seen this happen in our car or on our phone. “You have arrived at your destination” just means you’re pretty close. In order to improve that accuracy, you need a reference station.

That’s where blockchain and cryptocurrency come in. In order to build the largest RTK station network, GEODNET designed a system where individuals can install a small geodetic-grade GNSS antenna on their roof to provide a node on this network — all over the world. As a reward for providing these reference points, individuals are rewarded in GEOD tokens.

Geodnet DePIN miner details

The RTK reference station network issues what’s known as a “correction stream,” and all the devices within about 20 – 40km of a given reference station that are subscribed to receive this correction data can achieve instant centimeter accuracy! This is exactly how Real-Time Kinematic (RTK) works, but GEODNET can provide the service with better coverage and a fraction of the costs normally associated with this service. 

Other GNSS signal processing techniques such as Precise Point Positioning (PPP) and PPP-RTK can extend the effective range of the reference station at the tradeoff of reduced convergence speed and some accuracy.  These are all supported by GEODNET’s station network as well.

Devices that can take advantage of this accuracy could be your phone in the city (where accuracy is typically strained), or a tractor in a field, or a high-tech land surveying device where a centimeter makes a difference.

DePIN Applications

High-precision location enables enterprises increased automation and efficiency in established industries such as Agriculture, Construction, and Transportation. Autonomous vehicles, including drones and self-driving automobiles, depend on high-integrity centimeter accuracy localization to safely operate. Consumer-facing mobile apps will benefit from more reliable and convenient maps. Scientists will use GEODNET stations to study the Earth itself. Early warning of tsunamis, the motion of tectonic plates, and atmospheric changes are all better understood with measurements provided by a dense network of GNSS receivers.

GEODNET is already generating data stream revenues and providing operational benefits to leaders in the GNSS industry including more than a dozen B2B business partners.  The service supports virtually every RTK capable receiver in the field via a well-established protocol called NTRIP.  Our YouTube channel has several customer related videos from Agriculture, Drones, and Autonomous Vehicles. 

DePIN Scan: GEODNET Overview

The GEODNET network is growing rapidly and has over 4700 RTK stations added to the network so far. Anyone with a clear sky view can set up a station and #MineTheSky to earn GEOD tokens. Join us as we revolutionize the GNSS industry.