A Tokenized Network on a Blockchain
Last updated
Last updated
Decentralization is a critical component of LayerDrone Foundation’s overall strategy. High resolution, on-demand drone-delivered aerial imagery could conceivably be delivered in a centralized manner, with a proprietary fleet of drones and agreements with drone operators, a la Google’s street view infrastructure. It could also be orchestrated centrally, as Uber does with its driver network or Airbnb does with its rental network.
However, a strategy built around a tokenized open protocol is superior in several ways.
Rapid scaling: The LayerDrone Network can expand around the world by using tokenized incentives much more quickly and cheaply than a debt-fueled expansion.
Community ownership: Pilots can be owners in the network rather than gig economy workers. Drivers for Uber do not own the network and are subject to its changing rules, requirements, and compensation mechanisms. LayerDrone Foundation has imagined a more collaborative and balanced relationship with the pilots who maintain the network.
Extensibility and availability: An open system, in which anyone can build on earth imagery data, can more quickly foster innovation, particularly innovation that is difficult to predict. Similar principles undergird the Internet, which itself only emerged after an exhausting battle of corporate private networks that sought to provide the benefits of the Internet in a closed and proprietary fashion. Remaining open can make earth data – which is shared by all its inhabitants – available to anyone.
By combining blockchain for verification and tokens for pilot incentivization, the LayerDrone Network provides a consistent supply of reliable data that can be used across industries today and those not yet publicly imagined. It is more detailed, faster, less expensive, results in fewer carbon emissions, and can more easily obtain hyper-local updates compared to other imaging methods.