GeoPact

GeoPact is a blockchain-backed location verification system which collects and confirms location data from smart objects with certainty and security. Users can harness this data by writing smart contracts, allowing the correct location of smart objects to trigger useful actions such as transferring money or opening a lock.

---

Project

We are exploring the use of digital ledger technology to verify and secure location data used by smart objects in the transport and delivery sector, where vehicles, street signs and systems governing traffic flow may be smart. The intention is to create new systems and services to improve efficiency and ease congestion. GeoPact will underpin these services, ensuring that smart objects are where they say they are, and doing this is such a way that location tracking doesn’t become invasive of privacy.  There are already numerous ways of detecting the location of smart objects, for example through mobile networks used for phones, however using these technologies location is easily faked, so cannot be relied on in situations that may present risks to safety, legal implications, or larger financial consequences. Having certainty around recorded location and journeys unlocks location data for use in many useful applications. We see that as particularly helpful for delivery services, where it could, provide certainty in knowing that an important package has been delivered to your home.