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Yacht Owners To Get Crypto In Exchange For Geo Data

BoatPilot, a firm that aims at improving navigation systems offer Yacht owners cryptocurrencies in exchange for Geodata.

Improving Global Navigation Systems

BoatPilot offers free marine navigation service to private and commercial yachting market. The firm offers up-to-date and relevant data with a comprehensive database of user-generated photos, routes, and comments that have been verified by the yachting community. This is described as a blend of Google Maps and TripAdvisor.

The data offers navigators Augmented Reality [AR] support. This means that the data can be incorporated into the navigation environment to eliminate distractions and also aid proper navigation when sailing in poor visibility or darkness.

This geodata is updated through data obtained from sailors. To incentivize sailors for the data, BoatPilot now offers sailors cryptocurrencies in exchange for their data. The two data is obtained through a module known as BoatGod. This is installed on vessels and it captures geo-data. Yachtsmen are rewarded in NAVY tokens whenever this precious information is sent to the BoatPilot platform.

Transforming The Navigation System

BoatPilot noted in its whitepaper that private yachtsmen and small charter companies now represent the largest fleet in the world, yet they are badly underserved by marine navigation systems. This is because the geo data offered to the public are often packed with irrelevant information, a poor user interface, and sometimes fail to provide crucial details on the nearest fueling stations, restaurants and Marinas.

However, through the crowdsourced approach to geodata, BoatPilot guarantees regular updates of information on sea ports and other known places. This is relayed to users quickly, to help keep yachtsmen and their passengers safe.

At the moment the firm says it could take years for data to be added, changed or removed from existing systems. For example, it was noted that in the Mediterranean region alone there are dozens of known Marinas and lighthouses that are not included in any of the navigation systems currently available. The BoatPilot navigation system will be changing this.

Also, BoatPilot’s tool known as Pocket Skipper provides additional services to yachting enthusiasts. This enables them to list their vessels for sale, explore Marina rentals and many more.

Meanwhile, BoatPilot noted that its idea came to life when one of the company’s founders encountered severe weather while sailing in darkness. The firm hopes that its AR functionality will “minimize navigation risks and raise the safety of the waterways.”

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