Introduction
The emergence of modern services has led to the discovery of the essence of digital addressing systems. It is now common for customers to place an order in the comfort of their homes and get their items delivered safely. People who find themselves in entirely new environments might need addressing system to make life a bit easier. Digital addressing systems aren’t something new to us. However, most of these systems are known to have geographical constraint. A typical example is the new addressing system in my country (Ghana). The system’s functionalities are limited to locations within the country. Having this problem at hand, Naviaddress seeks to develop a global unified addressing system (based on the blockchain technology) that uses only digits as means to address locations around the globe.
Problem Space
Current addressing systems have been exposed to be less efficient. The issues of bad addressing have been a core element of these systems. Most of these systems lack accuracy, others have left some locations and objects unaddressed. Language barrier has been a great challenge to these systems, long address format that is relatively difficult to memorize and recall. Those that could be considered reliable and effective also have geographical restrictions.
Naviaddress Solution Model
Working hard to develop a decentralized global addressing system, Naviaddress focuses on engaging individuals and companies across the globe to assist in the assignment, modification, and exchange of addresses in their database. This will help meet the addressing needs of the world. On the Naviaddress platform, physical addresses will be depicted with only digits for easy recognition (e.g. [71] 0022).
Another interesting feature of the Naviaddress platform is the simplicity nature of its address and location description. This is entirely made of a precise, hierarchical sequence of digits beginning in most cases with a Container (corresponding to the international country code) and followed by a sequence of digits based either on information from a specific postal address or automatically assigned by the System.
Besides the unique addressing, there are other criteria to differential addresses on the Naviaddress platform. These may include three distinct categories:
* Custom naviaddresses, representing dynamic objects, that may be moved;
* Postal naviaddresses, representing static objects, such as buildings, structures or locations; and
* Global naviaddresses, depicting mobile objects;
Users can create premium naviaddresses instant via the mobile application or the website. This is a comprehensive initiative to improve the services of online business directories.
Role of the Navitokens™ on the Naviaddress platform
The platform will make use of the Navitokens™ (NVT) as the primary mode of sending and receiving payments. As a means of promoting naviaddress, users on the platform will be rewarded for performing tasks such as registration, invitation of others, creation of popular Custom naviaddresses and other activities and also serves as a payment method for the right to a Premium Naviaddress through auction.
Why use Naviaddress?
Naviaddress seeks to offer a wide range of benefits to diverse people and cooperates. The platform is made to satisfy the requirements of most individuals and industries (Restaurants, real estates, religious centers etc.). We identified some of the benefits various stakeholder could derive from the use of the Naviaddress platform:
1. First and foremost, being built on the blockchain technology comes with great benefits. Transactions executed on the platform would be secured, cost-effective and fast with the aid of smart contract. High level of decentralization and transparency.
2. Simple and unified address to make it easy to memorize and recall. It also helps to accurately address a given location.
3. Extension of the naviaddress services to all places and objects (mobile and static) with a 3-dimensional area coverage capabilities.
4. Collaborating with individuals and businesses to make Naviaddress addressing system better, with the geolocation information, anybody may contribute by adding an address to the system provided it is not already there.
5. Provisions have been made for government and firms to own a premium address which comes with great features.
Most importantly, Naviaddress goes beyond offering an addressing solution. It is an Internet platform that focusses on assisting businesses, non-profit and government organizations alike gain the exposure and a good reputational resource.
Conclusion
Based on the points discussed earlier on in this report, I think Naviaddress is a project worth considering for investors. It has many use cases and serves as a solution mechanism for almost everyone on earth. The most interesting and encouraging part is, the first version of the Naviaddress Platform has been developed on the basis of security guarantees as provided by the following modules:
• NaviToken, ERC20 token based on the Ethereum platform;
• Wallet of Naviaddress Platform, where the tokens created during the TGE are initially stored. A commission from the auction sale and resale of rights to addresses is collected on this wallet.
• Naviaddress metadata stores based on BigchainDB (https://www.bigchaindb.com);
• Content storage based on IPFS (https://ipfs.io) for media files linked to a naviaddress metadata;
• Naviaddress rights store smart contracts based on Ethereum;
• Auction, an external module based on a blockchain (e.g. DomRaider) for obtaining the benefit of a naviaddress.
I have provided useful resources (links) below this post for further readings and inquiries:
Website--- https://naviaddress.io/
Telegram--- https://t.me/naviaddressnews/
Whitepaper--- https://naviaddress.io/wp-content/uploads/2018/02/Naviaddress-Whitepaper-v1.5-1.pdf
Naviaddress intro video--- https://www.youtube.com/watch?v=jBybBHm4FtI
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/
Naviaddress problems-solution intro video--- https://www.youtube.com/watch?v=rGMXd7PBQuo
DPD company testimonial--- https://www.youtube.com/watch?v=2Opp9MgNT6Y
Content credit: https://bitcointalksearch.org/user/quesijob-2103403