GEODNET operates a Real Time Kinematic (RTK) correction network — essentially a web of reference GPS stations that broadcast corrections to nearby receivers, dramatically improving positioning accuracy. The commercial version of this technology (Trimble, Leica, Hexagon) costs thousands of dollars per year in subscription fees. GEODNET offers equivalent accuracy for a fraction of that cost, funded by GEOD token rewards to base station operators.
Autonomous vehicle developers need <10cm accuracy for safe lane-level positioning. Precision agriculture applications need <5cm to guide tractor implements within centimetres of planted rows. Construction and civil engineering need <2cm for machine control. Surveying and mapping applications need the same. All of these markets are large and growing — and all currently pay premium prices for RTK correction access.
RTK corrections are local: a base station covers approximately a 30km radius. This means GEODNET needs dense geographic coverage to serve users, not just total node count. With 12,400 base stations, coverage is good in North America and Europe but thin in much of Southeast Asia and Latin America — exactly where Hivemapper and IoTeX are also trying to expand.