When Hivemapper launched in 2015, it focused on creating 3D maps for drone pilots, but in the last few years its set its sights on a much more ambitious target – to decentralize how maps are produced.
It’s aiming to do this by way of a dashcam and community owned, blockchain-based mapping network. Essentially, drivers purchase the dashcam, which mines and earns them Hivemapper’s own cryptocurrency, HONEY, in exchange for building maps while they drive.
Considering that Google Maps, the world’s most popular navigation system, is slow to update its street views - especially in remote areas - Hivemapper could be onto something with it close-to-real-time network. It remains too early to tell if Hivemapper’s coins will become truly valuable in time, but the considerable funds the company has raised from crypto-focussed investors surely displays its strong potential.
Steph
Company Specialist at Welcome to the Jungle