NaviAddress, a global Blockchain ID management company, has partnered with Accum Trillion Capital, a management and consulting business involved in Blockchain-related investments and with significant influence and resources in China, to expand the use of NaviAddress' proprietary addressing system across Asia.
NaviAddress provides users with "naviaddresses" - a short sequence of numeric digits that can be easily generated and shared as digital IDs to pinpoint the precise location of any physical place or object, even a tree in a park or a desk in a room. Naviaddresses can store relevant information such as embedded geographical coordinates, the physical address, route description, and photos, simplifying the search for remote locations or newly-built structures.
According to the company, naviaddresses end the challenges of last-mile fulfilment caused by existing methods of navigation, such as an inability to connect to the GPS, poor connectivity limiting access to online maps, the need to update maps continuously, and language barriers. Parts of Asia and the Middle East also lack physical addresses. In China, for example, nearly 40% of the population live in rural areas*.
With naviaddresses, businesses can easily create and share specific locations and directions to visitors through a numeric-digits-only, non-language-specific digital address. For ridesharing and e-commerce businesses using naviaddresses, being able to pinpoint specific pick-up or delivery locations reduces lost sales, as well as labour inefficiency and fuel wastage, the company said.
Accum Trillion Capital, which currently supports Blockchain projects like QTUM, VEN, GXS and OMG, will facilitate the expansion of NaviAddress' platform and services into the Chinese market and assist in identifying local partners. NaviAddress is also currently looking to establish its Asia-Pacific headquarters in Singapore.
Dmitry Moiseev, Co-founder and CEO, NaviAddress, said: "We believe that naviaddresses will solve real-world issues - from tourists who cannot read local road signs to e-commerce providers unable to complete deliveries. Half of our platform's users come from Asia - this has all been organic growth. It therefore makes perfect sense to expand our community and partner network in this region. Our partnership with Accum Trillion Capital will play a significant role in accelerating adoption of naviaddresses in China."
NaviAddress has already established global partnerships with large delivery, e-commerce, ridesharing and food service businesses, such as Booking.com, Uber and Dynamic Parcel Distribution (DPD), with plans to collaborate with state postal services, AliExpress, Amazon and NinjaVan.
There are currently more than 1.5 million naviaddresses in the NaviAddress addressing system, including 1.3 million business naviaddresses. There are more than 60,000 unique, registered and active NaviAddress app users across web, iOS and Android.
Including the presale round, 338.5 million NaviTokens have been sold for US$16.9 million.
*World Bank. Rural population (Percentage of total population). 2016.
NaviAddress provides users with "naviaddresses" - a short sequence of numeric digits that can be easily generated and shared as digital IDs to pinpoint the precise location of any physical place or object, even a tree in a park or a desk in a room. Naviaddresses can store relevant information such as embedded geographical coordinates, the physical address, route description, and photos, simplifying the search for remote locations or newly-built structures.
According to the company, naviaddresses end the challenges of last-mile fulfilment caused by existing methods of navigation, such as an inability to connect to the GPS, poor connectivity limiting access to online maps, the need to update maps continuously, and language barriers. Parts of Asia and the Middle East also lack physical addresses. In China, for example, nearly 40% of the population live in rural areas*.
With naviaddresses, businesses can easily create and share specific locations and directions to visitors through a numeric-digits-only, non-language-specific digital address. For ridesharing and e-commerce businesses using naviaddresses, being able to pinpoint specific pick-up or delivery locations reduces lost sales, as well as labour inefficiency and fuel wastage, the company said.
Accum Trillion Capital, which currently supports Blockchain projects like QTUM, VEN, GXS and OMG, will facilitate the expansion of NaviAddress' platform and services into the Chinese market and assist in identifying local partners. NaviAddress is also currently looking to establish its Asia-Pacific headquarters in Singapore.
Dmitry Moiseev, Co-founder and CEO, NaviAddress, said: "We believe that naviaddresses will solve real-world issues - from tourists who cannot read local road signs to e-commerce providers unable to complete deliveries. Half of our platform's users come from Asia - this has all been organic growth. It therefore makes perfect sense to expand our community and partner network in this region. Our partnership with Accum Trillion Capital will play a significant role in accelerating adoption of naviaddresses in China."
NaviAddress has already established global partnerships with large delivery, e-commerce, ridesharing and food service businesses, such as Booking.com, Uber and Dynamic Parcel Distribution (DPD), with plans to collaborate with state postal services, AliExpress, Amazon and NinjaVan.
There are currently more than 1.5 million naviaddresses in the NaviAddress addressing system, including 1.3 million business naviaddresses. There are more than 60,000 unique, registered and active NaviAddress app users across web, iOS and Android.
Including the presale round, 338.5 million NaviTokens have been sold for US$16.9 million.
*World Bank. Rural population (Percentage of total population). 2016.
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