StreetCred is developing a decentralized marketplace for location and points-of-interest (POI) data that uses blockchain to open up data access and create a payment mechanism. Users collect location information via an app, validate it with photos and peer verification, and earn crypto tokens paid into an anonymized wallet. The team is experimenting with contribution incentives, token economics, and token-to-fiat convertibility to tie currency value to data value. StreetCred is positioning its product for developers and companies that need location data for apps (Meech cited use cases like Uber or Pokémon GO). The company estimates global POIs exceed 1 billion, far more than the ~100M reported by Google or Foursquare, and aims to make this data cheaper and more accessible. StreetCred is currently testing the system around New York City and has raised early funding to support development.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2018