onocoy (ONO)

What is onocoy

onocoy, the world’s first Hardware-agnostic Global GNSS High Precision Network based on a Horizontal Business Model powered by Blockchain technology launches onocoy RTK, a Global RTK Service.

onocoy is thrilled to announce the launch of onocoy RTK, its groundbreaking RTK (Real-Time Kinematic) service, a cutting-edge solution powered by blockchain technology that is set to transform high-precision positioning across a wide range of industries that require reliable high-accuracy positions anywhere and anytime.

While Global Navigation Satellite System (GNSS) technology has become omnipresent in consumer, automotive, and industrial applications, the adoption of high precision GNSS technology continues to be inaccessible to the mass market due to the lack of a global, dense and optimally distributed GNSS infrastructure network facilitating improvements of positioning to the sub-centimeter level. Such a network would represent the basis to serve an existing market of C6.7B and facilitate novel applications benefiting humanity such as early tsunami warning systems, crustal deformation monitoring and space weather monitoring, on a more larger and more accurate scale than previously possible.

onocoy incentivizes the transparent construction of such a network in a decentralized way with blockchain-based tokens, open standards and hardware, and participatory governance that includes all stakeholders of the ecosystem including existing competing actors and users of their services. In this way, a collectively-owned, community-powered and decentralized GNSS infrastructure as a commons is created that benefits everyone by fostering accessibility, collaboration, and innovation.

onocoy is a cutting-edge provider of high-precision GPS/GNSS data, co-founded by industry veterans Daniel Ammann and Thomas Nigg, who previously played key roles in building u-blox into a GPS industry unicorn. Leveraging blockchain technology and DePIN (Decentralized Physical Infrastructure Network) principles, onocoy offers a decentralized network that enhances existing GNSS infrastructure with unparalleled efficiency. With a total addressable market (TAM) for current applications in construction, precision agriculture, and surveying estimated at $250 billion by 2028, onocoy is poised to capture a serviceable obtainable market (SOM) of at least $100 million. As future applications in drones, autonomous vehicles, and infrastructure integrity emerge, the TAM is expected to reach $1 to $2 trillion by 2035, potentially propelling onocoy’s SOM to nearly $1 billion. onocoy’s platform is designed to overcome the traditional challenges of GNSS services, driving innovation and accessibility across multiple industries.