NaviAddress - A Digital Addressing System for the Modern World
The blockchain is powering the newest (and the most efficient) digital addressing system that is not only precise but also decentralized. NaviAddress, an organization, aims to create a unified digital identity for any place or object in both the real and the virtual world.
What does NaviAddress stand for?
Addresses are often too long to remember or communication. NaviAddress, first of its kind on the blockchain, wants to change that for good. Once the system is deployed, it’ll help the world’s four Billion people who’re without an address to have a digital one -- which will be verified by a transaction on the blockchain. Utilising these NaviAddress the governments can provide essential services to more people. Not only that, new market demographics open up for retailers like Amazon.
What are the problems that NaviAddress is solving?
NaviAddress has successfully created a platform that can allocate a digital address to any location with the help of geo-coordinate precision. Since digits-only addressing is used, there’s no barrier regarding language. A hybrid model of postal address and geotag is used to create a number-only NaviAddress that’s unique to the location, and which can’t be replicated. However, the real distinction of NaviAddress, as a project, is that each digital address can be personalized. A user can fill in additional details such as last mile, contact information, and much more.
As a per data, almost 20 percent of addresses in developed countries and up to 80 percent of data in developing countries are not verified today due to multiple reasons. This leads to wastage of millions of dollars in both the postal as well as the e-retail industry. NaviAddress tackles this problem head-on by providing concerned businesses with a solution in the form of a trustless verified transaction along with precise geo-coordinates embedded with contact information and other user details.
NaviAddress and Blockchain
NaviAddress has retained the ideal parts of the way we currently search addresses. However, it has elevated the process by introducing the platform on the blockchain. Along with it being a proper decentralized platform, there are assured data immutability, data integrity, openness along with the user-empowerment.
Being a non-government addressing system, it can be trusted. And since it’s decentralized, NaviAddress, as a company, is just a legal identity. NaviAddress is free to use; however, for a small fee, a custom address can also be bought.
With the usage of transaction payment, NaviAddress prevents and protects its users against malicious behavior. There’s also an incentive (in the form of reward tokens) for the user to better the addressing system. The usage is motivated as there’s a reward-system at the place for each time NaviAddress is utilized.
Use Cases of Digital Addresses and ID through NaviAddress
Through this platform, a user can directly contact another user if the contact information has been provided with the digital address. This way it becomes convenient to communicate primarily when you’re looking for a service such as a carpenter or an electrician.
There’s a built-in API of Uber in the NaviAddress platform. Thus, you can call for a cab without the hassle of updating addresses or trying to find the nearest building that appears on the map.
For booking, especially hotels and deliveries, NaviAddress comes as a great convenience. Reservations can be made using the NaviAddress assigned to the hotel. This is especially useful when a hotel is frequented by foreigners who don’t know the local language. Since NaviAddress is a number-only platform, language never becomes a barrier. NaviAddress platform is also being used for drone deliveries to remote locations, which don’t have a verbal address.
Conclusion
The platform while retaining all the right parts about how we currently undertake location identification has been able to curb the drawbacks significantly. Thus, making it one of the sought-after platform on the blockchain in the recent times.
With the future moving more and more towards digitalization, NaviAddress might just be the face of how addresses in the digital era will look like.
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