It’s time for another one of our lessons in Navibration. The essence of our company is to help people to navigate around the world by vibration, hence the name, Navibration. We thought it might be helpful and fun to start explaining what each letter of the word N-A-V-I-B-R-A-T-I-O-N stands for. In this article, the fifth in our series, it’s time to talk about the letter B, which can mean only one thing:

B is for Blockchain

Blockchain technology is like the new internet. It was developed by Satoshi Nakamoto when Bitcoins were introduced. Since those heady days, it has taken on a life of its own and its potential uses are incalculable.

The information which is stored on blockchain is like a database which is continually updated and most importantly of all, shared. Everything is out in the open and can be checked and double-checked. By anyone on the internet. And as the data is not held at one specific location, it is more difficult for hackers to be able to access or misuse the original data.

Navibration users will share tour itineraries and translations and be rewarded for this in Navicoins, which is our cryptocurrency. Users will be able to check how many Navicoins they have earned on a platform which has been created using blockchain technology. In theory, there will be no missed transactions and no human or machine errors. Something, which is very important to us.

Blockchain is the future.

See what the future looks like with Navibration.

We’ll have more on the meaning of N-A-V-I-B-R-A-T-I-O-N in future posts. The next letter in our series is the letter R. Stay tuned!