- Investment sought:
- Equity offered:
- GeoDB rewards anyone around the world for the data they generate
- Will allow data buyers to access trusted, quality & accurate data
- Plans to solve the inefficiencies of the $200bn Big Data Industry
- Aims to create a safe, valuable & efficient Big Data marketplace
Big Data is becoming one of the most valuable assets in the world, being exploited by small oligopolies. While you, the USERS, the real data generators are being left out of the equation. GeoDB will reward any user around the world for the data they generate.
GeoDB is a peer-to-peer big data sharing ecosystem powered by blockchain technologies. An open data marketplace that creates bridges between current isolated participants and which aims to solve the existing inefficiencies of the huge big data industry.
At one end, users upload their data to the ecosystem. In exchange, the network rewards them for that generated data. Meanwhile, at the other end, data buyers access the data pool and purchase those datasets.
Users receive GEO tokens in exchange for their anonymous data, which can later be exchanged for FIAT money (GBP, EUR, USD...) through our partner's market platforms in a normal trading activity or, once we launch our full network capabilities, use it to acquire goods and services, all directly in the same app in which they receive the tokens.
Data has become the new digital oil. The big data and data analytics market is a 200bn USD market. A high-value asset class on top of which huge digital companies have built extremely profitable business models.
But for some reason, fundamental values were forgotten and left behind along the way. Privacy, control, transparency or direct reward for data creators. YOU, the users, and your interests were forgotten.
GeoDB is here to change this, building better and trusted relationships between market participants. Closing the gap between data generators and data buyers and solving huge inefficiencies in the industry, eliminating intermediation and allowing faster and frictionless transactions.
We aim to boost the Big Data market increasing transactionality, allowing trusted, frictionless and efficient P2P data transactions.
Winning back trust in the digital economy depends on giving people much more control of the usage, ownership, and value of their information. Thanks to GeoDB the users will be able to recuperate back their rights.
Substantial accomplishments to date
Since the incorporation of the company, GeoDB has been able to grow and build a strong infrastructure. We are now prepared to face future challenges with big trust:
Product & Technology:
Data Generator Network and Data Generator App GeoCash launched.
Data Network Statistics:
500,000 daily data points generated.
24,000,000+ data points stored in our database.
More than 15 team members including 10 technical developers & researchers holding several PhDs in computer science.
1) Data Sellers
Through our proprietary app & partnerships with 3rd party applications, we have ensured the connection to our network of more than 12 million users, who will have the ability to sell their data through GeoDB.
2) Data buyers
We have strategic partnerships with 5 big data companies from Europe & Latin America including AboutGoods, Datalytics, Flame Analytics & others, who will be buying data from GeoDB after the main-net is launched.
GEO token has been listed on two global exchanges & has shown a growth of 400% since September 2019.
We have over 15,000 people following GeoDB in different social media channels including Telegram, Wechat, Twitter, Linkedin, and Medium.
We have raised over £1.5m since August 2018.
GeoDB is a complete ecosystem made to improve the current Big Data industry.
It has been created with inherent monetization streams since moment 1 of its launch.
This is the current monetization strategy:
GeoDB is a Big Data marketplace. The network buys data to users and prepares it to later sell it to buyers. That margin between the buying price and the selling price will become our main revenue stream. It's a BYTEs business. Buy once, sell as many times as we want.
We will charge a commission from each transaction in the GeoDB AppStore network once the selling side of the network has been launched (using analytical services through GeoDB AppStore).
AppStore license fee
Developers willing to offer their software services through the GeoDB AppStore will have to pay an annual fee to GeoDB.
In our user’s applications, once the full network is launched, we will be offering an instant conversion service of GEO tokens into traditional fiat money like GBP with a commission-based business for such an exchange.
Use of proceeds
The company is pursuing further investment in order to continue it's accelerated growth as we approach full network launch, which we are aiming for during Q3 2020. With third-round funds we will push the following areas of the company:
1.- Team Building
Adding further talent in these areas: a) Tech Development with an additional 5 to 10 new members with Big Data, blockchain, and backend capabilities b) Biz&Dev, incorporating a Biz&Dev manager and a couple of sales representatives c) Marketing and growth. CMO and a team of two more people to manage marketing, pr and communication strategies.
We will invest in the growth of our user base to increase our data-pool size and in the growth of our strategic partners, both in the selling side and buying side of the network.
3.- Token Economy
We will continue to bet on the growth of our Token, increasing its visibility and presence in bigger and more liquid exchanges. By the end of 2020, we expect to be listed in at least two top worldwide exchanges.
Please note that any discounts, rewards and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company and listed above. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.
Non GBP Investment
Please note, investment is reflected in this campaign from direct investors which was received by the company in Euros.
Investment in Euros is being reflected in to this campaign at an exchange rate of 1.16 EUR to 1 GBP.
Any further investment in Euros will be reflected in to the campaign at this exchange rate.
GeoDB Blockchain Limited is the UK limited company which investors will be receiving shares in. GeoDB Foundation Limited is a Singapore based company which is tasked with managing the Geo Token and ecosystem. GeoDB Foundation Limited is not a subsidiary or parent company of GeoDB Blockchain Limited, and so investors will not receive any exposure to this company. There is a contractual agreement in place which manages the terms of this relationship.
GeoDB Blockchain Limited has a full subsidiary company, Geo Data Block SL, which is a Spanish limited company. This company is responsible for Technology development and business development. Investors will receive full exposure to this company as it is 100% owned by GeoDB Blockchain Limited.