GoWithMi has revolutionized the application of blockchain technology in the field of location-based services, mainly in two aspects: First, the world's first complete decentralized location-based service (DLBS) platform, has a breakthrough solution on the "impossible triangle" in the application of the field of location-based services. It can fully achieve the "end-to-end" one-stop supported trusted chain network from data consensus collection, decentralized data production, decentralized location engine to largescale commercial, providing the perfect and credible "location-based service Turing complete network machine" for the valuable world, actively promoting the large-scale application of commercial blockchain. Secondly, GoWithMi initiates the “decentralized consensus map production” method in the industry, leading the global map industry to directly leap from the 1.0 digital map, 2.0 crowdsourcingmaptothe3.0consensusmapera. Giving considerations of the high coverage and high quality in the 1.0 version and the lowcost and real-time attributes of the 2.0 version, anyone from any corner of the world can participate in map-construction and gain profits in real-time under the “machine consensus” and share the "high security, high quality, high coverage, low cost, real-time" basic map service, benefit worldwide.
Project Advantages
Global Top Team:
Technology Operations Investors The founder of the project is a top global map expert, a successful continuous entrepreneur has a deep understanding of the operating rules of the global map industry, and owns abundance global resources. The CTO of the project is one of the earliest founders of map navigation engine in China. He is the top technology expert in the global location-based services (LBS) field, and he has led his team to carry out intergenerational upgrades of the overall LBS and technology system. Project technology advisor is an early participant in the Bitcoin community and Ethereum development. The entire team members have a rich accumulation of the location-based services, map applications, mobile Internet, blockchain and other comprehensive technologies, among solid product capabilities and operational capabilities; at the same time, it receives support from the global map industry, blockchain industry and top investors in the application country
Leading the map industry into the 3.0 version of consensus map era: consensus production high-coverage high quality lowcost GoWithMi leads the global map industry to directly leap from the "1.0 digital map", "2.0 crowdsourcing map" to the "3.0 consensus map era", which perfectly considers of the high coverage and high quality in the 1.0 version and the low-cost and real-time attributes of the 2.0 version. This feature has been verified in Jakarta, Indonesia: within 3 months with nearly zero cost, it has obtained data with more than twice the density of Google Map, and the data quality has been examined by the world's most rigorous automotive pre-installation standard test, successfully entering the global car dealer procurement catalog.
Visible applications and unlimited market:
Mobile phone products are expected to become the first killer application in the blockchain world GoWithMi mobile map product capture the user's two pain points and refreshing points: the first user pain point is severe congestion of the poor infrastructure big cities in developing countries, and the second pain point is the protection of personal location privacy. The users canuse the product tomine andmake a profit,whichis the user first refreshing point,andthe user's personal location data can add value to their asset, which is the second refreshing point. It can quickly solve the cold start problem and instantly form a scale, this also changes the attributes of traditional map tools and possesses high ertrafficentry value.
At present, in the case that the Indonesian market without large-scale marketing, the natural download volume in 5 months reaches 1 million+, and the DAU reaches 20,000+. If GoWithMi accelerates the coverage and the moderate increases in market investment, it is expected to reach 1 million DAU in the following year and expected to be the first killer application in the blockchain world.
Market positioning at an opportune moment:
Facing the next economic blue ocean emerging markets in Asia,Africa and Latin America Google & Temasek predicts that the Southeast Asian Internet economy scale will increase sevenfold in the next seven years, surpassing $240 billion. At the beginning of the project, GoWithMi's core target market is the emerging markets in Asia,Africa,and Latin-America.It faces a nearly 4 billion huge blue ocean market with users that have just connected to the internet. With the tremendous potential of China's map industry and operational experience combined with top local resources, GoWithMi has a great opportunity to become a local location-based service infrastructure. At present, GoWithMi has begun to launch in Southeast Asia where with a population of 650 million and will achieve full coverage in Southeast Asia within one year. In most emerging markets,there exist aproblem of weak financial infrastructure.Indonesia, for example, it has a total population of 260 million, but only 36% of them use bank cards, while the usage of smartphones exceeds 60%. There is a possibility to skip mobile payments and directly to Token payment. GoWithMi map ecology supports rich and high-frequency demanded payment scenarios, such as taxis, food delivery, renting, etc. GoWithMi Token has the opportunity to grow into alocal pillar of crypto payment currency
Business model innovation: a continuous Tokeneconomic model A sustainable developed Token economic model acquires Token through data contribution, bookkeeping, and spatial computing rewards. Through the high-frequency demanded ecological application and the consumption and pledge of Token in community governance, it can also continuously extract in cremental returns from the outside world (such as commercial API), breaking the zero-sum game of blockchain world, guaranteeing the continuous improvement of Token value. GoWithMi has a strong competitive advantage in the multi-billion dollar map commercial API market due to its high cost performance and storing full data on blockchain without occupying users’ data. Currently, the GoWithMi Indonesian market has launched technical cooperation discussions with major Internet companies.
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