Startup StreetCred developing blockchain-based marketplace for collecting, buying, and selling location data

Briefing

Startup StreetCred developing blockchain-based marketplace for collecting, buying, and selling location data

July 6, 2018

Briefing

  • Blockchain Marketplace – Startup StreetCred building blockchain-based marketplace where users collect and companies buy location data
  • Cryptocurrency-Enabled – Users can earn cryptocurrency to collect location data around cities, while companies that intend to buy data can use tokens for purchases
  • Location Data Sample – Users can share their location and photos of places they visit, which can be used for mapping services
  • Benefits – Crowdsourcing of location data from users can enable better and more updated information than currently available on Google, especially in developing markets where some location data are not available
  • System Test – System, which includes mobile app for collecting location data, being tested in New York City

Accelerator

Sector

Cross-sector, Information Technology

Organization

StreetCred

Source

Original Publication Date

June 21, 2018

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