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Why GPS Needs Crypto to Evolve | Mike & Christopher, GEODNET

Jul 5, 2024
Founder Mike Horton and investor Christopher Perkins discuss GeodNet's use of blockchain to enhance GPS accuracy, potential applications in precision agriculture and autonomous vehicles, challenges in bridging Web2 and Web3, tokenomics, and community building in the crypto space.
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ANECDOTE

Building GPS Network Faster with Blockchain

  • Mike Horton shared how prior efforts to build GPS infrastructure in Web2 proved prohibitively expensive and slow.
  • His blockchain approach led to 7,000 nodes in 2 years, surpassing a 20-year Web2 buildout.
INSIGHT

Why GPS Accuracy Is Limited

  • GPS accuracy is limited by variable delays caused by the ionosphere and troposphere affecting satellite signals.
  • GeodNet uses a decentralized network to provide real-time observations and compensation, enabling sub-inch precision location.
ANECDOTE

Military Roots Fuel GPS Precision Passion

  • Chris Perkins shared how his Marine Corps training emphasized the critical need for precise location.
  • He highlighted how centimeters-level accuracy benefits precision agriculture, autonomous driving, and AR/VR applications.
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