Zurich, Switzerland | August 14, 2024 – onocoy is pleased to announce the launch of Onocoy RTK, its groundbreaking Real-Time Kinematic (RTK) service, a cutting-edge solution based on blockchain technology that will revolutionize high-precision positioning in numerous industries where reliable and highly accurate positions are required anytime, anywhere.

This is the debut of onocoy’s first commercial product and the first global reference station network that is open and accessible to all applications and market participants, both new and established. onocoy’s horizontal business model promotes inclusivity and broad market participation, distinguishing the company as a leader in the field.

With onocoy RTK Service, professionals and decision makers in traditional industries now have access to an innovative solution that meets their diverse needs for high-precision positioning. Whether in agriculture, construction, robotics or other industries, onocoy’s service promises to improve operational efficiency, cost effectiveness and reliability.

onocoy invites companies and professionals from all industries to explore the potential of onocoy RTK Service and help us shape the future of high-precision positioning technology.

Why onocoy RTK is important:

• Easy integration: The data is provided in a standardized RTCM format, ensuring easy integration into various systems and appealing to both correction users and system integrators.

• A new era of precision: onocoy RTK is tailored to industries that require flexibility and reliability. Whether in agriculture, construction, mining, land management, robotics or autonomous systems, our platform is designed to meet your needs efficiently and easily.

Be there at the launch onocoy RTK and enter the future of high-precision positioning. For more information, visit our website or contact our press team at (email protected).

With onocoy RTK With our service we target end-user applications that require precise positioning. In addition, we develop other products for the B2B market that provide access to station data and customized solutions.

About Onocoy:

onocoy is an innovative provider of high-precision GPS/GNSS data and was co-founded by industry veterans Daniel Ammann and Thomas Nigg, who previously played a key role in building u-blox into a GPS industry unicorn. By leveraging blockchain technology and Decentralized Physical Infrastructure Network (DePIN) principles, onocoy provides a decentralized network that enhances existing GNSS infrastructure with unprecedented 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. With the emergence of future applications in drones, autonomous vehicles, and infrastructure integrity, the TAM is expected to reach $1-2 trillion by 2035, potentially increasing onocoy’s SOM to nearly $1 billion. onocoy’s platform is designed to overcome the traditional challenges of GNSS services and drive innovation and accessibility across numerous industries.

Source: onco