Onocoy operates a global, decentralized network that aggregates GNSS correction data in standardized RTCM3 format. It validates and streams high‑precision positioning data to users while handling micropayments via blockchain for transparent, low‑cost access. The model separates reference station operation from service provision, expanding coverage and reducing costs for providers and end‑users.
Funding
$2.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional GNSS RTK correction services suffer from high infrastructure costs, leading to fragmented regional availability and pricing that limits mass adoption across industries. Redundant infrastructure and a lack of open access to raw station measurements further hinder innovation and broader scientific applications.
Solution
onocoy operates a decentralized GNSS reference station network leveraging blockchain technology to provide cost-effective, high-quality RTK correction data for precise positioning. By separating reference station operation from correction service delivery, onocoy enables infrastructure sharing within the high-precision GNSS industry. This approach facilitates global coverage, increases network density, and reduces data costs for users across various sectors, including agriculture, mining, and autonomous vehicles. The decentralized nature of the network enhances resilience and promotes novel governance approaches to accommodate a broad stakeholder base.
Target Audience
The primary target audience includes industries requiring high-precision positioning, such as agriculture, mining, drone operators, robotics, and autonomous vehicle developers, as well as scientific researchers needing access to raw GNSS data.
Features
- Decentralized network of GNSS reference stations utilizing blockchain for secure and efficient operation.
- RTK correction data enabling centimeter-level accuracy for GNSS positioning.
- Global coverage through network integration and deployment of additional reference stations.
- Community-powered governance model accommodating diverse stakeholder interests.
- Web3 technology and smart contracts for efficient and secure network operation.