NaviAddress
#universaldigitalID #smartaddressonblockchain #easytoremember #blockchaintechnology
WHAT IS NaviAddress?
A first of its kind, a blockchain ID project, which develops, markets and operates an address platform. The platform provides users with naviaddresses as unified digital IDs for any places or objects in physical and virtual worlds; it turns a lengthy postal address in any language to a short digital form, consisting of just digits (numbers). Hence, it is effortless to remember and communicate.
FLAWS IN TRADITIONAL POSTAL ADDRESS
The traditional postal address system is flawed in many aspects; the postal code is insufficient to locate a particular address, and the format used for addresses is different throughout the world, and an inadequate amount of data to fully capture a specific place’s location. Despite its advances and broad coverage, modern postal addressing system remains incomplete. The absence of a complete, correct and unique national address infrastructure constitutes a major socio-economic challenge for some developing countries.
WHY NaviAddress-OUR VISION
Naviaddress makes it possible to provide accurate locations for e-retail and delivery services. It makes it possible to assign a short digital address to any place and object, to add a text description as “last mile” navigation (embedded geographical coordinates, physical address, route description, photos and other relevant information), which makes it easier to find any location and even newly-built structures.
THE NaviAddress SYSTEM
- This consists of a specific, hierarchical sequence of digits beginning with a Container (corresponding to the international country code) and followed by a series of numbers based either on information from a specific postal address or automatically assigned by the System.
- Clarity in any language, the address will be depicted only in digits, for example (71)022.
- Endless user-generated content, including contact information, photos, last mile navigation and more.
There are mainly three types of NaviAddress systems.
- Postal NaviAddresses – Refers to a location with a postal address
- Custom NaviAddresses – Refers to any location or object on the planet
- Premium Naviaddress- Short custom naviaddress, 1-5 digits
NAVITOKENS (NVTs)
NaviAddress platform has created a global universal digital address solution through its user incentive program based on NaviToken (NVT). NaviAddress will issue and share NVTs with users who subscribe to any NaviAddress products, such as web and mobile applications, etc.
NaviAddress is gathering a community of geography experts and incentivizing creation and verification of world addresses.
RIGHT TO A NaviAddress
For premium NaviAddresses, an auction for rights to such addresses will be set up, following which information about the NaviAddress beneficiary is updated.
- A nominal number of NVTs are burned.
- The auction fee is collected from the NaviAddress Platform wallet.
- There is a mutual settlement with the unsuccessful requestor if any.
- Information about the NaviAddress beneficiary and address storage is updated.
For custom and postal NaviAddresses:
- A customer sends a request for a NaviAddress.
- Platform grants a right to a NaviAddress.
- The winning customer's tokens are burnt.
- The information about the NaviAddress beneficiary (the beneficiary’s public key) is updated.
NaviAddress PLATFORM POWERED BY BLOCKCHAIN
Advantages of using blockchain by NaviAddress are manifold:
- It is decentralized.
- Effective Efficiency
- Data is secure; it could not be tampered with.
- Anything recorded in blockchain is visible to the public.
Naviaddress, with the help of the blockchain, is creating a win-win situation for users who want to share their physical location details reliably and for businesses who need to find these locations accurately and efficiently. Getting what you want when you need it and having peace of mind – that is how Naviaddress is changing the conversation about user-friendly addressing options.
WHAT ARE THE BENEFITS OF USING NaviAddress?
- Naviaddress provides digital addressing layer over any digital map. It means that they do not have to address basic map issues but only navigational part
- Naviaddress solves the multi-billion problem of the market: Up to 20% of addresses in developed countries are not verified for the first time. Navi can decrease operational costs for large, national corporations. For example, US Postal Service alone incurred a 1.3 billion dollars cost in 2016 on just so-called Undeliverable-as-Addressed mail;
- Flexible addresses; they move with you, your office. No need to change business cards or websites whenever the location of your office changes.
- Easy to obtain.
- Premium addresses – owning rights to valuable address.
- Smart address – can add meta-data information, such as text description, last-mile navigation, etc.
- Join a network of users and community around the world.
- Simple and secure transactions.
NaviAddress IS MORE THAN AN ADDRESS
A platform with the possibility of increasing the visibility of businesses, non-profit and government organizations as well.
Platform business model is transparent and based on growing demand. For example, premium naviaddresses (1 to 5 digits) shall be bought by users from the platform while custom/standard naviaddresses (6 to 8 digits) shall be bought by the platform for a user. It is a freemium platform in comparison to Google maps. Naviaddress will sell premium country/regional containers of naviaddresses for NVTs through auction to local partners.
NaviAddress focused industries:
- E-commerce, Delivery, and Fulfillment
- Hotels, Restaurants, Cafes
- Smart cities and governments
- Taxi and Transportation
- Above-the-line advertisement
- Autonomous vehicles
- Real Estate
- IoT
HOW NaviAddress HELPS BUSINESSES?
International businesses are using Naviaddress to improve customer satisfaction. They have created an address card with a detailed route description, open hours, and information on social media.
CONCLUSION
Naviaddress is a virtual address book for the digital age. Naviaddress, with the help of the blockchain, is creating a win-win situation for users who want to share their physical location details reliably and for businesses who need to find these locations accurately and efficiently. Getting what you want when you need it and having peace of mind – that is how Naviaddress is changing the conversation about user-friendly addressing options.
For more information:
Website: https://naviaddress.io/?utm_source=trackico
Reddit:https://www.reddit.com/r/Naviaddress/
Telegram: https://t.me/naviaddress
Whitepaper: https://naviaddress.io/wp-content/uploads/2017/11/Naviaddress-Whitepaper-v1.0.pdf
Medium: https://medium.com/@naviaddress