NaviAddress, a global blockchain ID management company, announced that it 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. This puts an end to navigation and addressing issues
caused by poor connectivity, outdated maps or language barriers.
Asia is experiencing massive growth in tourism, with 324
million tourist arrivals in 2017 alone — a 6 percent increase from the previous
year[1].
However, Asia has a huge population that is currently living in rural areas
without proper addresses. In China, for example, nearly 40 percent of the
population is living in rural areas[2].
From tourism to e-commerce to ridesharing services, the lack of proper addresses is creating issues and inefficiencies
around last-mile fulfilment.
To tackle the issue of local hotels, cafés and restaurants being inaccessible
to international tourists, NaviAddress ensures easy last-mile navigation. 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.
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, etc.
Naviaddresses
are also “smart addresses”, where users can assign and store relevant
information in the digital ID. This includes details that aid last-mile
navigation (embedded geographical coordinates, physical address, route
description, photos etc.), significantly simplifying the process of finding
remote locations or newly-built structures.
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 pre-sale round, 338.5 million NaviTokens were sold for
US$16.9 million. With strong sales in the ICO round during the first quarter of
2018, there is sufficient traction to partner with major delivery and
e-commerce, hospitality, transportation and urban planning businesses in China
and across Asia.
Additional Information on NaviAddress:
Company Backgrounder | Website | LinkedIn
Mobile App (iOS) | Mobile App (Android)
