I want to start with one basic question - do we actually understand the significance of ADDRESS? I hope everyone is well conversant with the term address as it is representation of specific location. It is representation of well-defined space where economic activities take place and also has a social value. But do we think in this era of technological advancement, the address serves our purpose to its true potential?
Since ages, humans have made numerous attempts to define a universal system for address identification but has witness limited success in this area. Sir Isaac Newton created the widely used two dimensional geographical coordinate system that enabled every location on earth to be identified by set of letters and numbers. However, this complex system not being so user friendly couldn’t extend its reach to the common man, who finds its difficult to understand the maps technically. Moreover, the address formats are different throughout the world and there is no single mapping algorithm to a particular location. Secondly, sharing across different nations becomes an issue when there exists language and cultural barriers. Thirdly, designation and updation of postal addresses is in the hands of local government authorities,which is a cumbersome and time consuming process. To address all these existing challenges, NAVIADDRESS has come up with its own unique solution I.e. universally standardized Blockchain powered digital addresses.
Naviaddress vision is to create easy-to-use 21st century addressing system that is flexible and easy to obtain for everyone on this planet. Naviaddress is a digits only address and hence can be used by natives of all languages and culture. It provides user the possibility to add additional information such as contacts etc. This simplified system consists of specific, hierarchical sequence of digits beginning in most cases with a Container and followed by a sequence of digits based either on information from a specific postal address or automatically assigned by the system. The technical details on address creation can be checked in the Whitepaper listed on website along with examples.
Now, coming to the Naviaddress platform, is a state of art decentralized software solution powered by NaviTokens (NVT). The tokens are ERC20 compliant and work on Ethereum platform. The four main actors utilizing the NAVI Platform will be Developers, Users, Customers and Platform. NVTs will lie at the core of this ecosystem and will be used to stimulate Platform promotion, adoption and further development or extension.
Typical Transaction Circulation within the Naviaddress Platform
Source: NaviAddress Published Whitepaper
Naviadress is on track to revolutionize the current addressing regime through its innovative solution. This will benefit users on one hand and the addressing related industries on the other. It will have broader more complex 3D area coverage. The users stand to feel empowered through the possibility of obtaining right to addresses. The addresses will be fully flexible and independent of location. Once the location changes, the user can assign a new location to the same Naviaddress. There will not be further need to get the location address updated on business cards. With these smart and easy to obtain addresses, one can own a new form of digital good and simultaneously stay confident of secure transactions on blockchain. Some of the prominent use cases which immediately come to mind are calling a taxi to Naviaddress, order Food delivery to Naviaddress, making a phone call to Naviaddress, visit website from Naviaddress etc and the list goes on.
Even after being in early years of start up, Naviaddress has formed strategic partnership with Key Industry players and has also received seed funding. It has successfully conducted its ICO early this year and the projects seems to be on solid track with its aggressive roadmap . Though it has lined up crucial updates in the coming quarters for its supporters but association with Governments and other stakeholders across the world is what can make this project a great success. The technology and idea behind Naviaddress is revolutionary and can truly disrupt the geolocation-based industries such as logistics, transportation, e-commerce and hotels if implemented with passion.
Further details on this Project can be checked at the website link https://ico.naviaddress.com/
Naviaddress coverage on BBC – http://www.bbc.com/news/business-43544007
Naviaddress coverage on e27 - https://e27.co/postal-addresses-pain-blockchain-tech-can-change-20180214/
Follow me on twitter https://twitter.com/mittal2a
Follow me on my LinkedIn Profile https://linkedin.com/abishekmittal
** This should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research before investing.**