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GEODNET: Enabling Ubiquitous Autonomy | Blockworks Research
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We believe the GEOD token enables both a cost and product advantage for the GEODNET RTK network, which will allow it to out-compete multi-billion dollar incumbents Trimble and Hexagon."/><meta name="twitter:card" content="summary_large_image"/><meta name="twitter:site" content="@Blockworks_"/><meta name="twitter:creator" content="@Blockworks_"/><meta property="og:title" content="GEODNET: Enabling Ubiquitous Autonomy | Blockworks Research"/><meta property="og:description" content="RTK networks are critical to enabling a world of ubiquitous autonomous drones, vehicles, and industrial robots. We believe the GEOD token enables both a cost and product advantage for the GEODNET RTK network, which will allow it to out-compete multi-billion dollar incumbents Trimble and Hexagon."/><meta property="og:url" content="https://app.blockworksresearch.com/research/geodnet-enabling-ubiquitous-autonomy/"/><meta property="og:image" content="https://impressive-horses-5641a8b530.media.strapiapp.com/Unlocked_by_Template_985754baf1.png"/><meta property="og:image:width" content="1920"/><meta property="og:image:height" content="1080"/><meta property="og:locale" content="en"/><meta property="og:site_name" content="Blockworks Research"/><link rel="canonical" href="https://app.blockworksresearch.com/research/geodnet-enabling-ubiquitous-autonomy/"/><meta name="viewport" content="width=device-width,initial-scale=1"/><meta name="article:author" content="Ryan Connor"/><meta name="article:section" content="dePIN, GEOD"/><meta name="next-head-count" content="27"/><link rel="preload" 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[&:has(.topbar,.topnav)]:[--content-offset:calc(var(--navbar-height)*2)] [&:has(.topbar):has(.topnav)]:[--content-offset:calc(var(--navbar-height)*3)] md:[&:has(.topbar,.topnav)]:[--content-offset:calc(var(--navbar-height)*2)] md:[&:not(:has(.topbar)):has(.topnav)]:[--content-offset:--navbar-height]"><div class="row-span-2 group-[&:has(.topnav):has(.topbar)]/content:row-start-3 group-[&:has(.topnav):has(.topnav-show-on-all-screens):has(.topbar)]/content:row-start-3 md:group-[&:has(.topnav):has(.topbar)]/content:row-start-2 md:group-[&:has(.topbar)]/content:row-start-2 md:group-[&:has(.sidebar)]/content:col-start-2 md:group-[&:has(.topnav):has(.topnav-show-on-all-screens):has(.topbar)]/content:row-start-3 col-span-2 min-h-full"><div class="relative m-5"><div class="grid grid-cols-12 grid-flow-row-dense max-w-[1440px] gap-4 py-6 justify-center mx-auto"><div class="lg:col-span-8 col-span-12"><div class="relative overflow-hidden border rounded-lg"><div class="relative flex-col flex divide-y divide-surface-divider"><img loading="lazy" width="1920" height="1080" decoding="async" data-nimg="1" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fimpressive-horses-5641a8b530.media.strapiapp.com%2FUnlocked_by_Template_985754baf1.png&w=1920&q=75 1x, /_next/image?url=https%3A%2F%2Fimpressive-horses-5641a8b530.media.strapiapp.com%2FUnlocked_by_Template_985754baf1.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fimpressive-horses-5641a8b530.media.strapiapp.com%2FUnlocked_by_Template_985754baf1.png&w=3840&q=75"/><div class="relative items-center flex text-sm gap-2 p-3 px-4"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 24 24" role="img" aria-hidden="true" class="inline-block align-text-top w-4 h-4" size="1"><path stroke="currentColor" stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M7 11V8a5 5 0 0 1 9.9-1M7.8 21h8.4c1.68 0 2.52 0 3.162-.327a3 3 0 0 0 1.311-1.311C21 18.72 21 17.88 21 16.2v-.4c0-1.68 0-2.52-.327-3.162a3 3 0 0 0-1.311-1.311C18.72 11 17.88 11 16.2 11H7.8c-1.68 0-2.52 0-3.162.327a3 3 0 0 0-1.311 1.311C3 13.28 3 14.12 3 15.8v.4c0 1.68 0 2.52.327 3.162a3 3 0 0 0 1.311 1.311C5.28 21 6.12 21 7.8 21"></path></svg> Unlocked by <a href="https://geodnet.com/" target="_blank" rel="noreferrer"><img alt="GEODNET" loading="lazy" width="200" height="200" decoding="async" data-nimg="1" class="contrast-0 aspect-auto w-auto h-5" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fimpressive-horses-5641a8b530.media.strapiapp.com%2F20969_128e1a157e.png&w=256&q=75 1x, /_next/image?url=https%3A%2F%2Fimpressive-horses-5641a8b530.media.strapiapp.com%2F20969_128e1a157e.png&w=640&q=75 2x" src="/_next/image?url=https%3A%2F%2Fimpressive-horses-5641a8b530.media.strapiapp.com%2F20969_128e1a157e.png&w=640&q=75"/></a></div><div class="relative text-content-deselected text-xs px-4 pt-2 pb-5"><div class="relative data-[state="truncated"]:mb-9" style="--open-height:0px;--closed-height:64px;--expand-duration:0ms"><div class="relative overflow-hidden transition-[max-height] duration-[--expand-duration] data-closed:max-h-[--closed-height] data-open:max-h-[--open-height]" data-state="closed"><div><p class="relative">This research report has been funded by GEODNET. By providing this disclosure, we aim to ensure that the research reported in this document is conducted with objectivity and transparency. Blockworks Research makes the following disclosures: 1) Research Funding: The research reported in this document has been funded by GEODNET. The sponsor may have input on the content of the report, but Blockworks Research maintains editorial control over the final report to retain data accuracy and objectivity. All published reports by Blockworks Research are reviewed by internal independent parties to prevent bias. 2) Researchers submit financial conflict of interest (FCOI) disclosures on a monthly basis that are reviewed by appropriate internal parties. Readers are advised to conduct their own independent research and seek advice of qualified financial advisor before making investment decisions.</p></div></div></div></div></div></div><p class="font-bold text-display-xs font-maison-neue my-4">GEODNET: Enabling Ubiquitous Autonomy</p><div class="relative flex flex-wrap gap-2 mb-4"><a class="uppercase text-xxs w-max px-2 py-0.5 rounded-full cursor-pointer transition-colors inline-flex items-center gap-1 text-content-selected bg-surface-muted hover:text-content hover:bg-surface-selected" rel="noreferrer" href="/research?tags=depin">dePIN</a><a class="uppercase text-xxs w-max px-2 py-0.5 rounded-full cursor-pointer transition-colors inline-flex items-center gap-1 text-content-selected bg-surface-muted hover:text-content hover:bg-surface-selected" rel="noreferrer" href="/research?assets=GEOD">GEOD</a></div><div class="relative flex gap-3 items-center mb-3"><div class="group/avatar inline-flex relative z-0 max-h-[--avatar-size] overflow-hidden [--avatar-size:32px]"><a class="avatar inline-flex relative rounded-full bg-current-bg border-[--color-current-bg] overflow-hidden h-max w-max -top-[3px] border-3 [.avatar_~_&]:-ml-[var(--avatar-size)_/_3] [--avatar-size:32px] text-sm" href="/team/ryan-connor" style="z-index:0" target="_self"><button data-state="closed"><img alt="Ryan Connor" loading="lazy" width="32" height="32" decoding="async" data-nimg="1" class="w-[--avatar-size] h-[--avatar-size] rounded-full" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fimpressive-horses-5641a8b530.media.strapiapp.com%2F2b1_R_k_LP_400x400_ca31d50bc0.jpg&w=32&q=75 1x, /_next/image?url=https%3A%2F%2Fimpressive-horses-5641a8b530.media.strapiapp.com%2F2b1_R_k_LP_400x400_ca31d50bc0.jpg&w=64&q=75 2x" src="/_next/image?url=https%3A%2F%2Fimpressive-horses-5641a8b530.media.strapiapp.com%2F2b1_R_k_LP_400x400_ca31d50bc0.jpg&w=64&q=75"/><div class="bg-primary font-bold text-surface w-[--avatar-size] h-[--avatar-size] flex justify-center items-center absolute opacity-0">R</div></button></a></div><div class="relative flex flex-col"><p><a target="_self" class="inline-flex items-center gap-2 cursor-pointer focus-visible:outline-primary focus-visible:outline-1 focus-visible:outline-offset-4 bg-transparent font-semibold text-xs text-content-deselected hover:text-content-selected" rel="noreferrer" href="/team/ryan-connor">Ryan Connor</a></p><p class="text-xs"><time dateTime="2024-11-21T17:41:48.172Z">November 21, 2024</time></p></div></div><div class="relative flex flex-col gap-6 justify-stretch my-5"><div class="prose min-w-full prose-sm" data-prose="content"><h2 id="key-takeaways">Key Takeaways</h2> <ul> <li>Geodnet is the world鈥檚 largest RTK network by both the number of base stations and coverage area, providing hyper-precise positioning data to web2 customers.</li> <li>RTK networks are critical to enabling a world of ubiquitous autonomous drones, vehicles, and industrial robots. We believe the GEOD token enables both a cost and product advantage for the GEODNET RTK network, which will allow it to out-compete multi-billion dollar incumbents Trimble and Hexagon.</li> <li>Importantly, the RTK market opportunity is sufficiently large today, at about $5 billion dollars annually, and we鈥檙e at the cusp of this market rapidly expanding as autonomous technologies are hitting an inflection point.</li> <li>Two years into its life, the GEODNET network is generating ARR, and unlike crypto native revenue streams that are inherently cyclical and volatile, GEODNET鈥檚 revenue is fundamentally untethered to the cyclical nature of crypto markets. This ARR has the potential to be highly diversified across a number of trailing, leading, and bleeding edge web2 industries, which is especially attractive to TradFi investors.</li> </ul></div><form><div class="relative flex flex-col gap-3 mb-2"><p class="font-bold text-md">Subscribe to 0xResearch Daily Newsletter</p><div class="relative flex gap-3 sm:flex-row flex-col sm:items-center items-start w-full"><div role="group" class="flex flex-col text group w-full text-sm"><span class="flex group/field flex-col gap-0.5"><div data-state="" class="relative rounded-md inline-flex items-center justify-center focus-within:text-content text-content-muted focus-within:ring-primary-focus focus-within:ring-1 border border-surface-divider hover:border-surface-interact data-error:border-content-danger data-error:hover:border-content-danger bg-surface text-sm h-10 [--icon-size:1.5rem]"><div class="flex absolute top-[50%] right-[0.3rem] -translate-y-1/2 z-10 items-center"><button data-state="closed"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 16 16" role="img" aria-hidden="true" class="inline-block align-text-top w-4 h-4 text-content-deselected" size="1" color="deselect"><g clip-path="url(#tooltip-circle_svg__a)"><path stroke="currentColor" stroke-linecap="round" stroke-linejoin="round" stroke-width="1.333" d="M6.06 6a2 2 0 0 1 3.887.666c0 1.334-2 2-2 2M8 11.333h.007M14.667 8A6.667 6.667 0 1 1 1.334 8a6.667 6.667 0 0 1 13.333 0"></path></g><defs><clipPath id="tooltip-circle_svg__a"><path fill="currentColor" d="M0 0h16v16H0z"></path></clipPath></defs></svg></button></div><input placeholder="Enter your email address" name="email" aria-required="true" id="name" required="" type="text" class="w-full px-2 text-inherit text-current bg-transparent placeholder:overflow-visible placeholder:text-content-deselected border-0 border-transparent outline-none focus:text-content focus:border-transparent focus:ring-0 focus:outline-none [&::-webkit-search-cancel-button]:appearance-none autofill-transparent leading-6 pl-[calc(var(--icon-size)+0.75rem)]"/><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 20 20" role="img" aria-hidden="true" class="w-[--icon-size] h-[--icon-size] text-current pointer-events-none absolute inline-flex items-center justify-center py-0.5 left-1"><path stroke="currentColor" stroke-linecap="round" stroke-linejoin="round" stroke-width="1.667" d="m1.667 5.833 6.804 4.763c.55.386.826.578 1.126.653.264.066.541.066.806 0 .3-.075.575-.267 1.126-.653l6.804-4.763M5.667 16.666h8.666c1.4 0 2.1 0 2.635-.272a2.5 2.5 0 0 0 1.093-1.093c.272-.534.272-1.235.272-2.635V7.333c0-1.4 0-2.1-.272-2.635a2.5 2.5 0 0 0-1.093-1.093c-.535-.272-1.235-.272-2.635-.272H5.667c-1.4 0-2.1 0-2.635.272a2.5 2.5 0 0 0-1.093 1.093c-.272.535-.272 1.235-.272 2.635v5.333c0 1.4 0 2.1.272 2.635a2.5 2.5 0 0 0 1.093 1.093c.534.272 1.234.272 2.635.272"></path></svg></div></span></div><button type="submit" class="inline-flex items-center focus-visible:outline-primary focus-visible:outline-1 focus-visible:outline-offset-4 border py-2 px-3 text-sm h-9 gap-2.5 rounded-md align-self-start text-white bg-muted border-transparent hover:bg-muted-hover active:bg-muted-hover data-selected:bg-muted-hover">Subscribe</button></div></div></form></div><div class="prose min-w-full prose-sm" data-prose="content"><h2 id="real-time-kinematic-networks"><strong>Real Time Kinematic Networks</strong></h2> <p>GPS technology is ubiquitous. It is integrated into everyday life and industries worldwide, powering navigation systems in cars, smartphones, and wearable devices, and critical operations in logistics, construction, aviation, agriculture, and emergency services.</p> <p>However, GPS is inherently limited due to its聽<em>inaccuracy,</em> as ionospheric and tropospheric errors cause distortions in satellite signals when they travel from space to Earth. The margin of error on a GPS signal ranges from 1 to 3 meters normally, and while this level of inaccuracy might be acceptable for trailing-edge use cases like tracking a fleet traveling on highways between cities, or directing iPhone users to the nearest coffee shop, meter-level inaccuracies are unacceptable for leading and bleeding edge use cases, such a drone delivery & drone fleet management, autonomous vehicles, industrial robotics, and ag tech & precision farming. Real Time Kinematic networks (<em>RTK networks</em> from hereout) are the critical enabling technology for these leading and bleeding edge use cases, as they require centimeter-level accuracy to function.聽</p> <p>RTK networks are ground-level private networks that enhance the accuracy of GPS and GNSS data by 10-100x, reliably achieving centimeter-level positioning accuracy. RTK networks leverage ground-level聽<em>reference stations</em>, strategically installing these stations across geographies where network operators foresee demand for RTK-level accuracy. These hundreds or thousands of stations act as network nodes that deliver real-time positioning correction data through a process called "correction streaming." Devices within roughly 20 kilometers of one聽 station can receive this data, enabling them to achieve the centimeter-level positioning accuracy referenced above.聽</p> <p>Bleeding-edge autonomous technologies are at an inflection point, acting as a natural growth engine for the RTK market. Drones have applications in logistics & delivery, emergency response, media, construction, agriculture, and聽<a href="https://apnews.com/article/autonomous-helicopter-unmanned-rotor-9af9228206bf9fd3598d10c8a243fab5" node="[object Object]" target="_blank" rel="nofollow"><em>much more</em></a>. Importantly, in 2023, the FAA聽<a href="https://www.flyzipline.com/newsroom/stories/articles/aviation-history-faa-drone-delivery-at-scale-zipline" node="[object Object]" target="_blank" rel="nofollow"><em>cleared</em></a> Zipline, a startup drone delivery company, to fly drones without human line-of-sight monitoring, a critical first step for drone proliferation in the United States (you can read more聽<a href="https://www.cnbc.com/2023/09/20/in-flurry-of-faa-approvals-drones-are-about-to-fly-far-over-us-skies.html" node="[object Object]" target="_blank" rel="nofollow"><em>here</em></a>). Since the approval, its drone deliveries have聽<a href="https://x.com/KellerRinaudo/status/1781378919595426161" node="[object Object]" target="_blank" rel="nofollow"><em>exploded</em></a>. The market for drone-enabled services should continue to expand given the聽<a href="https://www.thetimes.com/business-money/technology/article/nhs-drones-fly-blood-samples-in-uk-skies-for-first-time-rjxqprk8s?utm_source=chatgpt.com&region=global" node="[object Object]" target="_blank" rel="nofollow"><em>speed</em></a> and efficiency enabled by this new tech. Autonomous vehicles are becoming聽<a href="https://waymo.com/blog/2024/09/waymo-and-uber-expand-partnership/" node="[object Object]" target="_blank" rel="nofollow"><em>normalized</em></a> in some localities and are聽<a href="https://www.bloomberg.com/news/articles/2024-11-17/trump-team-said-to-want-to-ease-us-rules-for-self-driving-cars?sref=ogmpnlDp" node="[object Object]" target="_blank" rel="nofollow"><em>set to expand</em></a> across the US as the new administration is set to ease regulations. Precision agriculture is critical to scaling farm output, and is expected to聽<a href="https://www.grandviewresearch.com/industry-analysis/precision-farming-market" node="[object Object]" target="_blank" rel="nofollow"><em>grow</em></a> at over 2x the rate of US GDP going forward.聽</p> <h3 id="the-legacy-rtk-market"><strong>The Legacy RTK Market</strong></h3> <p>RTK networks are traditionally built, maintained, and owned by large international legacy networking & technology companies. Trimble and Hexagon are at the forefront, particularly through Hexagon's subsidiary, Leica Geosystems. Trimble is renowned for its comprehensive portfolio of RTK solutions, selling into numerous end markets such as construction, land survey, telecom, asset tracking, mapping, and government. Hexagon's Leica Geosystems has established a strong presence with advanced RTK GNSS systems known for their precision and accuracy of geospatial solutions across aerospace, defense, security, construction, and manufacturing. These giants have dominated the geospatial market, with combined market caps of nearly $40B and annual revenue of nearly $10B.聽</p> <h2 id="geodnets-wedge"><strong>GEODNET鈥檚 Wedge</strong></h2> <p>Unlike, say, GPU dePINs, which find it challenging to compete on聽<em>product</em> with centralized cloud providers across聽<a href="https://app.blockworksresearch.com/research/compute-de-pi-ns-paths-to-adoption-in-an-ai-dominated-market" node="[object Object]" target="_blank" rel="nofollow"><em>many workloads</em></a> today, GEODNET鈥檚 GEOD tokenomic system facilitates both a cost聽<em><strong>and</strong></em>聽product advantage versus incumbents, who are trapped in their legacy systems.聽</p> <p>The GEOD token facilitates a聽<em>cost advantage</em>. Incumbent RTK networks are extraordinarily capital intensive - where a single base station can cost $25,000, with an annualized rent cost per base station of $5,000. In contrast, a single GEOD miner costs only $700 and has a rent cost of聽<em>zero</em> due to the community nature of the project. This enables GEODNET to lower prices per drone or autonomous vehicle connected to the network. The incumbent annual price for a single RTK-connected device for a constant stream of high precision data averages to around $2500, whereas comparable contracts offered by GEODNET range from $20-$400, depending on the device and volume.聽</p> <p><a class="relative"><img class="relative cursor-zoom-in dark:invert dark:hue-rotate-[165deg] dark:saturate-150 dark:brightness-90" src="https://impressive-horses-5641a8b530.media.strapiapp.com/Chart_Template_BWR_3_d109f4fd8a.png" alt="Chart Template BWR (3).png"/></a></p> <p>This cost advantage enables a聽<em>product advantage</em> in terms of geographic coverage and, therefore network reliability. For the same $1M in upfront spending, the GEODNET network can deploy roughly 1400 stations covering about 100,000 sq km, whereas incumbents can only deploy 40 stations, covering less than 5000 sq km.聽</p> <p>We鈥檙e seeing these advantages play out in real time. The largest incumbent RTK networks by Trimble and Hexagon have roughly 5,000 stations, whereas GEODNET has achieved double their coverage with over 10,000 stations across 140 countries.聽</p> <p><a class="relative"><img class="relative cursor-zoom-in dark:invert dark:hue-rotate-[165deg] dark:saturate-150 dark:brightness-90" src="https://impressive-horses-5641a8b530.media.strapiapp.com/Chart_Template_BWR_2_a953e854e5.png" alt="Chart Template BWR (2).png"/></a></p> <p>Legacy RTK networks are loaded with technical debt and are locked into high cost systems, and will likely struggle to compete with next-gen GEODNET on a go-forward basis. The RTK network of Trimble and Hexagon run on, in some cases, decade-old GNSS receivers that are not compatible with the latest Satellite technology. As a consequence, these networks, which began their build out as early as 2000, are likely stuck in the past and unlikely to reach GEODNET鈥檚 scale and efficiency. From a cost perspective, these legacy networks leverage older proprietary receiver technology based on customized RF components, and they will not likely upgrade to newer, integrated hardware as they stand to lose control of the core IP that enables their private network, allowing Geodnet鈥檚 cost advantage to persist.聽</p> <h3 id="geod-token"><strong>GEOD Token</strong></h3> <p>GEOD miners receive tokens for providing consistent high-quality data. Tokens per miner are capped at 24 per day for a triple-band miner. Of the 1 billion possible GEOD tokens, 350 million are earmarked for miners, and are issued on an annual halving schedule. Token allocations per base station are adjusted based on the quality of coverage, which you can read more about聽<a href="https://docs.geodnet.com/geod-token/tokenomics" node="[object Object]" target="_blank" rel="nofollow"><em>here</em></a>.聽</p> <p>Most importantly, the GEOD token model is a BME model that positions the GEODNET foundation for long-term sustainability, while still incentivizing long-term alignment between base station operators and the network at large. The GEOD token model is unique in that 80% of revenues are used to buy and burn the GEOD token, but the remaining 20% flows back to the Foundation treasury. We think this聽<em>BME burn & return model</em> is favorable as it minimizes the Foundation鈥檚 burn and creates a recurring stream of income, enhancing the long-term sustainability of the network, a feature which most dePINs lack. The future is rapidly changing and inherently uncertain, and BME models with full token burn creates long-term risk for dePIN projects.聽聽</p> <p>On the node operator side, the economics are sustainable today. Currently, GEOD miners offer a short payback period, where the upfront cost of a GEOD miner is $700, versus a projected payback of over $1000 in GEOD tokens at today鈥檚 prices.聽</p> <h3 id="fundamentals"><strong>Fundamentals</strong></h3> <p>GEODNET is generating ARR at steady growth rates today, and has landed a number of impressive web2 and web3 partnerships. ARR stands at over $1.8m today, up 40% QoQ and over 400% YoY in October, albeit the latter off a very low base.聽</p> <p><a class="relative"><img class="relative cursor-zoom-in dark:invert dark:hue-rotate-[165deg] dark:saturate-150 dark:brightness-90" src="https://impressive-horses-5641a8b530.media.strapiapp.com/Chart_Template_BWR_4_9886014f30.png" alt="Chart Template BWR (4).png"/></a></p> <p>GEODNET鈥檚 partnerships to date span multiple industries and sectors, ranging from legacy to high growth and emerging technologies. Below we review a handful of GEODNET鈥檚 publicly announced partnerships to date.聽</p> <p><a href="https://www.wirelessdesignonline.com/doc/quectel-accelerates-high-precision-positioning-with-quadband-gnss-module-antenna-and-rtk-correction-service-bundle-0001" node="[object Object]" target="_blank" rel="nofollow"><em><strong>Quectel</strong></em></a>, a global IoT solutions provider, leveraged GEODNET to white label the GEODNET network as part of service bundle of a new GNSS module, antenna, and GEODNET鈥檚 RTK correction services to enable faster time-to-market for IoT product developers.聽<a href="https://www.gpsworld.com/propeller-partners-with-geodnet-to-expand-survey-grade-accuracy/" node="[object Object]" target="_blank" rel="nofollow"><em><strong>Propeller</strong></em></a> is a cloud-based worksite drone mapping & analytics company that leverages GEODNET data to deliver high-precision data to its construction, mining, and waste management industry clients. <a href="https://www.youtube.com/watch?v=MfoBusofNLg" node="[object Object]" target="_blank" rel="nofollow"><em><strong>Sensori Robotics</strong></em></a> is an autonomous lawnmower company that cites GEODNET鈥檚 cost and scale as an enabling factor for the startup.聽<a href="https://geodnet.com/allNews-newsDetail?newsNo=171431730182741673" node="[object Object]" target="_blank" rel="nofollow"><em><strong>Agri Automation</strong></em></a>, a supplier of ag tech and ag robotics solutions, partnered with GEODNET in October, noting that prior to the GEODNET network, RTK solutions were not easy or cost effective to achieve in rural Australia and New Zealand where it is based.聽<a href="https://www.youtube.com/watch?v=5kTxdVRIZok" node="[object Object]" target="_blank" rel="nofollow"><em><strong>Deep Sand Tech</strong></em></a>, an ag tech company, leverages GEODNET鈥檚 RTK network in its agricultural automation products, eliminating the need for private mobile base stations when operating autonomous tractors.聽<a href="https://www.businesswire.com/news/home/20240903536757/en/Wingbits-and-GEODNET-Enter-Partnership-to-Revolutionize-Global-Aviation-Flight-Tracking-Infrastructure" node="[object Object]" target="_blank" rel="nofollow"><em><strong>Wingbits</strong></em></a>, a crypto decentralized flight-tracking application, is leveraging GEODNET to develop professional grade flight tracking nodes within GEODNET base stations. Lastly, GEODNET use cases even extend to gaming, as聽<a href="https://www.animocabrands.com/animoca-brands-partners-with-geodnet-to-advance-depin-and-precise-location-technology" node="[object Object]" target="_blank" rel="nofollow"><em><strong>Animoca Brands</strong></em></a> will leverage the network to bring high-precision geolocation data into its mixed reality gaming products.聽</p> <p>Importantly, the <a href="https://geodnetinfo.substack.com/p/geodnet-announces-usda-partnership" node="[object Object]" target="_blank" rel="nofollow"><strong>USDA</strong></a> has partnered with GEODNET to bring precision ag technology to US farmers. The program subsidizes US farmers $10-20 per acre to deploy precision ag practices, which in turn require GEODNET's RTK network. The subsidy brings the cost per precision ag device down to zero in many cases. We believe this subsidy, combined with the gains from labor-saving precision ag tech, will likely funnel many new devices onto the network in Q1 next year (farm equipment buying season). 聽聽</p> <p>Given this diverse customer mix of both trailing, leading and bleeding edge Web2 and Web3 companies, we think GEODNET鈥檚 revenue has the potential to be highly diversified across industries, creating a stable token burn and source of income for the Foundation, in stark contrast to what is typical of crypto projects today.聽</p> <h2 id="risks"><strong>Risks</strong>聽</h2> <p><strong>Network reliability.</strong> GEODNET has a large and cost-effective network, but, like all dePINs, it relies on hobbyists and community-operation infrastructure, which can pose challenges. Inconsistent connections in a single locality, for example, could greatly impact the network鈥檚 ability to land new customers. SLAs will be critical to GEODNET鈥檚 success.聽</p> <p><strong>Regulatory hurdles.</strong>聽Autonomous technologies face innumerable regulatory hurdles on a locality-by-locality basis. We note that powerful technologies have proven the ability to overcome these, e.g. Uber historically and AVs today. However, there are examples where localities make the wrong choice, i.e. nuclear. Fortunately, GEODNET is closer in nature to the former than the latter.聽</p> <p><strong>Tokenomic sustainability.</strong> All dePIN token models are inherently exploratory, and halving schedules have historically had mixed results. We hope that GEODNET maintains flexibility with its token model and is responsive to market and community feedback.聽</p> <p>聽</p> <p><em>The information contained in this report and by Blockworks Inc. and related affiliates is for general informational purposes only and is not intended to provide legal, financial, or investment advice. The report should not be construed as an offer or solicitation to buy or sell any security, token, or financial instrument and does not represent any recommendation or endorsement of any investment or financial product or service. Blockworks Inc. and related affiliates are not registered as a securities broker-dealer or an investment advisor in any jurisdiction or country.</em></p></div></div><div class="flex-col lg:col-span-4 col-span-12 flex gap-4"><div class="sticky top-6 print:hidden"><div class="hidden lg:block"><div class="bg-surface rounded-md block border border-surface-divider p-1"><div dir="ltr" class="relative rounded-md max-h-[--scroll-height] print:max-h-max [--thumb-size:8px]" style="position:relative;--radix-scroll-area-corner-width:0px;--radix-scroll-area-corner-height:0px;--scroll-width:full;--scroll-height:calc(90vh - 112px)"><style>[data-radix-scroll-area-viewport]{scrollbar-width:none;-ms-overflow-style:none;-webkit-overflow-scrolling:touch;}[data-radix-scroll-area-viewport]::-webkit-scrollbar{display:none}</style><div data-radix-scroll-area-viewport="" class="max-h-[--scroll-height] print:max-h-max max-w-[--scroll-width] w-full" style="overflow-x:hidden;overflow-y:hidden"><div 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href="/unlocked/geodnet-enabling-ubiquitous-autonomy#key-takeaways">Key Takeaways</a></li><li class="group-[&.sub]/menu:px-0 px-2 group/menu-item clickable clickable-rounded-md"><a id="toc-link-real-time-kinematic-networks" class="group/link peer/link inline-flex w-full transition-colors duration-0 items-center grow border-0 text-content-deselected rounded-md hover:text-content ml-0 group clickable-target bg-transparent hover:clickable-bg-surface-muted data-active:clickable-bg-surface-muted group-[&.sub]/menu:hover:bg-surface-selected group-[&.sub]/menu:data-active:bg-surface-selected data-active:text-content data-active:font-semibold py-2 group-[&.sub]/menu:py-1.5 px-2 text-sm min-h-9 gap-2.5" data-radix-collection-item="" rel="noreferrer" href="/unlocked/geodnet-enabling-ubiquitous-autonomy#real-time-kinematic-networks">Real Time Kinematic Networks</a></li><li class="group-[&.sub]/menu:px-0 px-2 group/menu-item clickable clickable-rounded-md"><a id="toc-link-the-legacy-rtk-market" class="group/link peer/link inline-flex w-full transition-colors duration-0 items-center grow border-0 text-content-deselected rounded-md hover:text-content ml-3 group clickable-target bg-transparent hover:clickable-bg-surface-muted data-active:clickable-bg-surface-muted group-[&.sub]/menu:hover:bg-surface-selected group-[&.sub]/menu:data-active:bg-surface-selected data-active:text-content data-active:font-semibold py-2 group-[&.sub]/menu:py-1.5 px-2 text-sm min-h-9 gap-2.5" data-radix-collection-item="" rel="noreferrer" href="/unlocked/geodnet-enabling-ubiquitous-autonomy#the-legacy-rtk-market">The Legacy RTK Market</a></li><li class="group-[&.sub]/menu:px-0 px-2 group/menu-item clickable clickable-rounded-md"><a id="toc-link-geodnets-wedge" class="group/link peer/link inline-flex w-full transition-colors duration-0 items-center grow border-0 text-content-deselected rounded-md hover:text-content ml-0 group clickable-target bg-transparent hover:clickable-bg-surface-muted 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data-radix-collection-item="" rel="noreferrer" href="/unlocked/geodnet-enabling-ubiquitous-autonomy#geod-token">GEOD Token</a></li><li class="group-[&.sub]/menu:px-0 px-2 group/menu-item clickable clickable-rounded-md"><a id="toc-link-fundamentals" class="group/link peer/link inline-flex w-full transition-colors duration-0 items-center grow border-0 text-content-deselected rounded-md hover:text-content ml-3 group clickable-target bg-transparent hover:clickable-bg-surface-muted data-active:clickable-bg-surface-muted group-[&.sub]/menu:hover:bg-surface-selected group-[&.sub]/menu:data-active:bg-surface-selected data-active:text-content data-active:font-semibold py-2 group-[&.sub]/menu:py-1.5 px-2 text-sm min-h-9 gap-2.5" data-radix-collection-item="" rel="noreferrer" href="/unlocked/geodnet-enabling-ubiquitous-autonomy#fundamentals">Fundamentals</a></li><li class="group-[&.sub]/menu:px-0 px-2 group/menu-item clickable clickable-rounded-md"><a id="toc-link-risks" class="group/link peer/link inline-flex w-full transition-colors duration-0 items-center grow border-0 text-content-deselected rounded-md hover:text-content ml-0 group clickable-target bg-transparent hover:clickable-bg-surface-muted data-active:clickable-bg-surface-muted group-[&.sub]/menu:hover:bg-surface-selected group-[&.sub]/menu:data-active:bg-surface-selected data-active:text-content data-active:font-semibold py-2 group-[&.sub]/menu:py-1.5 px-2 text-sm min-h-9 gap-2.5" data-radix-collection-item="" rel="noreferrer" href="/unlocked/geodnet-enabling-ubiquitous-autonomy#risks">Risks聽</a></li></ul></div></nav></div></div></div></div></div><div class="relative flex items-center justify-center gap-2 mt-2"><button aria-label="Twitter" class="inline-flex box-border cursor-pointer transition-colors duration-75 items-center justify-center rounded-md bg-current-bg border border-transparent h-9 w-9 text-content-deselected hover:text-content hover:bg-surface-muted active:text-content active:bg-surface-muted 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vehicles, and industrial robots. We believe the GEOD token enables both a cost and product advantage for the GEODNET RTK network, which will allow it to out-compete multi-billion dollar incumbents Trimble and Hexagon.","keyTakeaways":"- Geodnet is the world鈥檚 largest RTK network by both the number of base stations and coverage area, providing hyper-precise positioning data to web2 customers. \n- RTK networks are critical to enabling a world of ubiquitous autonomous drones, vehicles, and industrial robots. We believe the GEOD token enables both a cost and product advantage for the GEODNET RTK network, which will allow it to out-compete multi-billion dollar incumbents Trimble and Hexagon. \n- Importantly, the RTK market opportunity is sufficiently large today, at about $5 billion dollars annually, and we鈥檙e at the cusp of this market rapidly expanding as autonomous technologies are hitting an inflection point. \n- Two years into its life, the GEODNET network is generating ARR, and unlike crypto native revenue streams that are inherently cyclical and volatile, GEODNET鈥檚 revenue is fundamentally untethered to the cyclical nature of crypto markets. This ARR has the potential to be highly diversified across a number of trailing, leading, and bleeding edge web2 industries, which is especially attractive to TradFi investors.","content":"## **Real Time Kinematic Networks**\n\nGPS technology is ubiquitous. It is integrated into everyday life and industries worldwide, powering navigation systems in cars, smartphones, and wearable devices, and critical operations in logistics, construction, aviation, agriculture, and emergency services.\n\nHowever, GPS is inherently limited due to its聽*inaccuracy,* as ionospheric and tropospheric errors cause distortions in satellite signals when they travel from space to Earth. The margin of error on a GPS signal ranges from 1 to 3 meters normally, and while this level of inaccuracy might be acceptable for trailing-edge use cases like tracking a fleet traveling on highways between cities, or directing iPhone users to the nearest coffee shop, meter-level inaccuracies are unacceptable for leading and bleeding edge use cases, such a drone delivery \u0026 drone fleet management, autonomous vehicles, industrial robotics, and ag tech \u0026 precision farming. Real Time Kinematic networks (*RTK networks* from hereout) are the critical enabling technology for these leading and bleeding edge use cases, as they require centimeter-level accuracy to function.聽\n\nRTK networks are ground-level private networks that enhance the accuracy of GPS and GNSS data by 10-100x, reliably achieving centimeter-level positioning accuracy. RTK networks leverage ground-level聽*reference stations*, strategically installing these stations across geographies where network operators foresee demand for RTK-level accuracy. These hundreds or thousands of stations act as network nodes that deliver real-time positioning correction data through a process called \"correction streaming.\" Devices within roughly 20 kilometers of one聽 station can receive this data, enabling them to achieve the centimeter-level positioning accuracy referenced above.聽\n\nBleeding-edge autonomous technologies are at an inflection point, acting as a natural growth engine for the RTK market. Drones have applications in logistics \u0026 delivery, emergency response, media, construction, agriculture, and聽[*much more*](https://apnews.com/article/autonomous-helicopter-unmanned-rotor-9af9228206bf9fd3598d10c8a243fab5). Importantly, in 2023, the FAA聽[*cleared*](https://www.flyzipline.com/newsroom/stories/articles/aviation-history-faa-drone-delivery-at-scale-zipline) Zipline, a startup drone delivery company, to fly drones without human line-of-sight monitoring, a critical first step for drone proliferation in the United States (you can read more聽[*here*](https://www.cnbc.com/2023/09/20/in-flurry-of-faa-approvals-drones-are-about-to-fly-far-over-us-skies.html)). Since the approval, its drone deliveries have聽[*exploded*](https://x.com/KellerRinaudo/status/1781378919595426161). The market for drone-enabled services should continue to expand given the聽[*speed*](https://www.thetimes.com/business-money/technology/article/nhs-drones-fly-blood-samples-in-uk-skies-for-first-time-rjxqprk8s?utm_source=chatgpt.com\\\u0026region=global) and efficiency enabled by this new tech. Autonomous vehicles are becoming聽[*normalized*](https://waymo.com/blog/2024/09/waymo-and-uber-expand-partnership/) in some localities and are聽[*set to expand*](https://www.bloomberg.com/news/articles/2024-11-17/trump-team-said-to-want-to-ease-us-rules-for-self-driving-cars?sref=ogmpnlDp) across the US as the new administration is set to ease regulations. Precision agriculture is critical to scaling farm output, and is expected to聽[*grow*](https://www.grandviewresearch.com/industry-analysis/precision-farming-market) at over 2x the rate of US GDP going forward.聽\n\n### **The Legacy RTK Market**\n\nRTK networks are traditionally built, maintained, and owned by large international legacy networking \u0026 technology companies. Trimble and Hexagon are at the forefront, particularly through Hexagon's subsidiary, Leica Geosystems. Trimble is renowned for its comprehensive portfolio of RTK solutions, selling into numerous end markets such as construction, land survey, telecom, asset tracking, mapping, and government. Hexagon's Leica Geosystems has established a strong presence with advanced RTK GNSS systems known for their precision and accuracy of geospatial solutions across aerospace, defense, security, construction, and manufacturing. These giants have dominated the geospatial market, with combined market caps of nearly $40B and annual revenue of nearly $10B.聽\n\n## **GEODNET鈥檚 Wedge**\n\nUnlike, say, GPU dePINs, which find it challenging to compete on聽*product* with centralized cloud providers across聽[*many workloads*](https://app.blockworksresearch.com/research/compute-de-pi-ns-paths-to-adoption-in-an-ai-dominated-market) today, GEODNET鈥檚 GEOD tokenomic system facilitates both a cost聽***and***聽product advantage versus incumbents, who are trapped in their legacy systems.聽\n\nThe GEOD token facilitates a聽*cost advantage*. Incumbent RTK networks are extraordinarily capital intensive - where a single base station can cost $25,000, with an annualized rent cost per base station of $5,000. In contrast, a single GEOD miner costs only $700 and has a rent cost of聽*zero* due to the community nature of the project. This enables GEODNET to lower prices per drone or autonomous vehicle connected to the network. The incumbent annual price for a single RTK-connected device for a constant stream of high precision data averages to around $2500, whereas comparable contracts offered by GEODNET range from $20-$400, depending on the device and volume.聽\n\n\n\nThis cost advantage enables a聽*product advantage* in terms of geographic coverage and, therefore network reliability. For the same $1M in upfront spending, the GEODNET network can deploy roughly 1400 stations covering about 100,000 sq km, whereas incumbents can only deploy 40 stations, covering less than 5000 sq km.聽\n\nWe鈥檙e seeing these advantages play out in real time. The largest incumbent RTK networks by Trimble and Hexagon have roughly 5,000 stations, whereas GEODNET has achieved double their coverage with over 10,000 stations across 140 countries.聽\n\n\n\nLegacy RTK networks are loaded with technical debt and are locked into high cost systems, and will likely struggle to compete with next-gen GEODNET on a go-forward basis. The RTK network of Trimble and Hexagon run on, in some cases, decade-old GNSS receivers that are not compatible with the latest Satellite technology. As a consequence, these networks, which began their build out as early as 2000, are likely stuck in the past and unlikely to reach GEODNET鈥檚 scale and efficiency. From a cost perspective, these legacy networks leverage older proprietary receiver technology based on customized RF components, and they will not likely upgrade to newer, integrated hardware as they stand to lose control of the core IP that enables their private network, allowing Geodnet鈥檚 cost advantage to persist.聽\n\n### **GEOD Token**\n\nGEOD miners receive tokens for providing consistent high-quality data. Tokens per miner are capped at 24 per day for a triple-band miner. Of the 1 billion possible GEOD tokens, 350 million are earmarked for miners, and are issued on an annual halving schedule. Token allocations per base station are adjusted based on the quality of coverage, which you can read more about聽[*here*](https://docs.geodnet.com/geod-token/tokenomics).聽\n\nMost importantly, the GEOD token model is a BME model that positions the GEODNET foundation for long-term sustainability, while still incentivizing long-term alignment between base station operators and the network at large. The GEOD token model is unique in that 80% of revenues are used to buy and burn the GEOD token, but the remaining 20% flows back to the Foundation treasury. We think this聽*BME burn \u0026 return model* is favorable as it minimizes the Foundation鈥檚 burn and creates a recurring stream of income, enhancing the long-term sustainability of the network, a feature which most dePINs lack. The future is rapidly changing and inherently uncertain, and BME models with full token burn creates long-term risk for dePIN projects.聽聽\n\nOn the node operator side, the economics are sustainable today. Currently, GEOD miners offer a short payback period, where the upfront cost of a GEOD miner is $700, versus a projected payback of over $1000 in GEOD tokens at today鈥檚 prices.聽\n\n### **Fundamentals**\n\nGEODNET is generating ARR at steady growth rates today, and has landed a number of impressive web2 and web3 partnerships. ARR stands at over $1.8m today, up 40% QoQ and over 400% YoY in October, albeit the latter off a very low base.聽\n\n\n\nGEODNET鈥檚 partnerships to date span multiple industries and sectors, ranging from legacy to high growth and emerging technologies. Below we review a handful of GEODNET鈥檚 publicly announced partnerships to date.聽\n\n[***Quectel***](https://www.wirelessdesignonline.com/doc/quectel-accelerates-high-precision-positioning-with-quadband-gnss-module-antenna-and-rtk-correction-service-bundle-0001), a global IoT solutions provider, leveraged GEODNET to white label the GEODNET network as part of service bundle of a new GNSS module, antenna, and GEODNET鈥檚 RTK correction services to enable faster time-to-market for IoT product developers.聽[***Propeller***](https://www.gpsworld.com/propeller-partners-with-geodnet-to-expand-survey-grade-accuracy/) is a cloud-based worksite drone mapping \u0026 analytics company that leverages GEODNET data to deliver high-precision data to its construction, mining, and waste management industry clients. [***Sensori Robotics***](https://www.youtube.com/watch?v=MfoBusofNLg) is an autonomous lawnmower company that cites GEODNET鈥檚 cost and scale as an enabling factor for the startup.聽[***Agri Automation***](https://geodnet.com/allNews-newsDetail?newsNo=171431730182741673), a supplier of ag tech and ag robotics solutions, partnered with GEODNET in October, noting that prior to the GEODNET network, RTK solutions were not easy or cost effective to achieve in rural Australia and New Zealand where it is based.聽[***Deep Sand Tech***](https://www.youtube.com/watch?v=5kTxdVRIZok), an ag tech company, leverages GEODNET鈥檚 RTK network in its agricultural automation products, eliminating the need for private mobile base stations when operating autonomous tractors.聽[***Wingbits***](https://www.businesswire.com/news/home/20240903536757/en/Wingbits-and-GEODNET-Enter-Partnership-to-Revolutionize-Global-Aviation-Flight-Tracking-Infrastructure), a crypto decentralized flight-tracking application, is leveraging GEODNET to develop professional grade flight tracking nodes within GEODNET base stations. Lastly, GEODNET use cases even extend to gaming, as聽[***Animoca Brands***](https://www.animocabrands.com/animoca-brands-partners-with-geodnet-to-advance-depin-and-precise-location-technology) will leverage the network to bring high-precision geolocation data into its mixed reality gaming products.聽\n\nImportantly, the [**USDA**](https://geodnetinfo.substack.com/p/geodnet-announces-usda-partnership) has partnered with GEODNET to bring precision ag technology to US farmers. The program subsidizes US farmers $10-20 per acre to deploy precision ag practices, which in turn require GEODNET's RTK network. The subsidy brings the cost per precision ag device down to zero in many cases. We believe this subsidy, combined with the gains from labor-saving precision ag tech, will likely funnel many new devices onto the network in Q1 next year (farm equipment buying season). 聽聽\n\nGiven this diverse customer mix of both trailing, leading and bleeding edge Web2 and Web3 companies, we think GEODNET鈥檚 revenue has the potential to be highly diversified across industries, creating a stable token burn and source of income for the Foundation, in stark contrast to what is typical of crypto projects today.聽\n\n## **Risks**聽\n\n**Network reliability.** GEODNET has a large and cost-effective network, but, like all dePINs, it relies on hobbyists and community-operation infrastructure, which can pose challenges. Inconsistent connections in a single locality, for example, could greatly impact the network鈥檚 ability to land new customers. SLAs will be critical to GEODNET鈥檚 success.聽\n\n**Regulatory hurdles.**聽Autonomous technologies face innumerable regulatory hurdles on a locality-by-locality basis. We note that powerful technologies have proven the ability to overcome these, e.g. Uber historically and AVs today. However, there are examples where localities make the wrong choice, i.e. nuclear. Fortunately, GEODNET is closer in nature to the former than the latter.聽\n\n**Tokenomic sustainability.** All dePIN token models are inherently exploratory, and halving schedules have historically had mixed results. We hope that GEODNET maintains flexibility with its token model and is responsive to market and community feedback.聽\n\n聽\n\n*The information contained in this report and by Blockworks Inc. and related affiliates is for general informational purposes only and is not intended to provide legal, financial, or investment advice. The report should not be construed as an offer or solicitation to buy or sell any security, token, or financial instrument and does not represent any recommendation or endorsement of any investment or financial product or service. Blockworks Inc. and related affiliates are not registered as a securities broker-dealer or an investment advisor in any jurisdiction or country.*\n","isFree":true,"createdAt":"2024-11-21T11:43:33.738Z","updatedAt":"2024-11-26T17:52:01.150Z","publishedAt":"2024-11-21T17:41:48.172Z","featuredImage":{"id":2530,"name":"Unlocked by Template.png","alternativeText":null,"caption":null,"width":1920,"height":1080,"formats":{"large":{"ext":".png","url":"https://impressive-horses-5641a8b530.media.strapiapp.com/large_Unlocked_by_Template_985754baf1.png","hash":"large_Unlocked_by_Template_985754baf1","mime":"image/png","name":"large_Unlocked by Template.png","path":null,"size":1390.22,"width":1000,"height":563,"sizeInBytes":1390222},"small":{"ext":".png","url":"https://impressive-horses-5641a8b530.media.strapiapp.com/small_Unlocked_by_Template_985754baf1.png","hash":"small_Unlocked_by_Template_985754baf1","mime":"image/png","name":"small_Unlocked by Template.png","path":null,"size":339.86,"width":500,"height":281,"sizeInBytes":339857},"medium":{"ext":".png","url":"https://impressive-horses-5641a8b530.media.strapiapp.com/medium_Unlocked_by_Template_985754baf1.png","hash":"medium_Unlocked_by_Template_985754baf1","mime":"image/png","name":"medium_Unlocked by Template.png","path":null,"size":774.05,"width":750,"height":422,"sizeInBytes":774052},"thumbnail":{"ext":".png","url":"https://impressive-horses-5641a8b530.media.strapiapp.com/thumbnail_Unlocked_by_Template_985754baf1.png","hash":"thumbnail_Unlocked_by_Template_985754baf1","mime":"image/png","name":"thumbnail_Unlocked by Template.png","path":null,"size":83.45,"width":245,"height":138,"sizeInBytes":83453}},"hash":"Unlocked_by_Template_985754baf1","ext":".png","mime":"image/png","size":1160.21,"url":"https://impressive-horses-5641a8b530.media.strapiapp.com/Unlocked_by_Template_985754baf1.png","previewUrl":null,"provider":"strapi-provider-upload-strapi-cloud","provider_metadata":null,"createdAt":"2024-11-21T16:20:30.765Z","updatedAt":"2024-11-21T16:20:30.765Z","blurhash":"USH0=?t5n,R.?1-C$*oO+txZboWTj.bWouof"},"authors":[{"id":15,"name":"Ryan Connor","bio":"Ryan spends his time on infrastructure, DePIN, and the consumer space. 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","twitterUrl":"https://x.com/_ryanrconnor","linkedinUrl":"https://www.linkedin.com/in/ryanrconnor/","slug":"ryan-connor","title":"Research Manager","createdAt":"2024-03-27T17:36:55.125Z","updatedAt":"2024-09-30T15:40:49.129Z","publishedAt":"2024-03-27T19:13:44.283Z","featured":true,"image":{"id":2440,"name":"2b1R-kLP_400x400.jpg","alternativeText":null,"caption":null,"width":400,"height":400,"formats":{"thumbnail":{"ext":".jpg","url":"https://impressive-horses-5641a8b530.media.strapiapp.com/thumbnail_2b1_R_k_LP_400x400_ca31d50bc0.jpg","hash":"thumbnail_2b1_R_k_LP_400x400_ca31d50bc0","mime":"image/jpeg","name":"thumbnail_2b1R-kLP_400x400.jpg","path":null,"size":4.87,"width":156,"height":156,"sizeInBytes":4869}},"hash":"2b1_R_k_LP_400x400_ca31d50bc0","ext":".jpg","mime":"image/jpeg","size":18.75,"url":"https://impressive-horses-5641a8b530.media.strapiapp.com/2b1_R_k_LP_400x400_ca31d50bc0.jpg","previewUrl":null,"provider":"strapi-provider-upload-strapi-cloud","provider_metadata":null,"createdAt":"2024-09-30T15:32:59.928Z","updatedAt":"2024-09-30T15:32:59.928Z","blurhash":"U8FX#UD%3Fe900xtIA%2GGWF}sOY1Noy-AV@"}}],"tags":[{"id":156,"name":"dePIN","isAsset":false,"slug":"depin","createdAt":"2023-12-01T14:18:22.838Z","updatedAt":"2024-03-04T20:14:32.177Z","image":null},{"id":217,"name":"GEOD","isAsset":true,"slug":"GEOD","createdAt":"2024-11-21T17:09:44.149Z","updatedAt":"2024-11-21T17:09:44.149Z","image":{"id":2535,"name":"20969.png","alternativeText":null,"caption":null,"width":200,"height":200,"formats":{"thumbnail":{"ext":".png","url":"https://impressive-horses-5641a8b530.media.strapiapp.com/thumbnail_20969_128e1a157e.png","hash":"thumbnail_20969_128e1a157e","mime":"image/png","name":"thumbnail_20969.png","path":null,"size":14.99,"width":156,"height":156,"sizeInBytes":14986}},"hash":"20969_128e1a157e","ext":".png","mime":"image/png","size":4,"url":"https://impressive-horses-5641a8b530.media.strapiapp.com/20969_128e1a157e.png","previewUrl":null,"provider":"strapi-provider-upload-strapi-cloud","provider_metadata":null,"createdAt":"2024-11-21T17:05:25.884Z","updatedAt":"2024-11-21T17:41:30.228Z","blurhash":"U6LRes=01u|x]UApN^so1uf61uE|a}oLS2S2"}}],"sponsors":[{"id":14,"name":"GEODNET","description":"GEODNET","createdAt":"2024-11-21T17:15:33.043Z","updatedAt":"2024-11-21T17:41:39.194Z","publishedAt":"2024-11-21T17:41:39.189Z","url":"https://geodnet.com/","logo":{"id":2535,"name":"20969.png","alternativeText":null,"caption":null,"width":200,"height":200,"formats":{"thumbnail":{"ext":".png","url":"https://impressive-horses-5641a8b530.media.strapiapp.com/thumbnail_20969_128e1a157e.png","hash":"thumbnail_20969_128e1a157e","mime":"image/png","name":"thumbnail_20969.png","path":null,"size":14.99,"width":156,"height":156,"sizeInBytes":14986}},"hash":"20969_128e1a157e","ext":".png","mime":"image/png","size":4,"url":"https://impressive-horses-5641a8b530.media.strapiapp.com/20969_128e1a157e.png","previewUrl":null,"provider":"strapi-provider-upload-strapi-cloud","provider_metadata":null,"createdAt":"2024-11-21T17:05:25.884Z","updatedAt":"2024-11-21T17:41:30.228Z","blurhash":"U6LRes=01u|x]UApN^so1uf61uE|a}oLS2S2"}}]},"meta":{"title":"GEODNET: Enabling Ubiquitous Autonomy | Blockworks Research","description":"RTK networks are critical to enabling a world of ubiquitous autonomous drones, vehicles, and industrial robots. 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