Launching and mooring rental boats is traditionally the most dangerous part of the entire hire period. That’s when the vast majority of all accidents occur, when rookie sailors are prone to making rookie mistakes. One startup is on a mission to fix that problem by making launching and docking safer with the aid of augmented reality (AR). But first, it’s got a launch of its own to master.
Today (October 25th), web3 maritime project SeaCoast will commence its public token sale. The native COAST token will power the economic incentives at the heart of a trio of apps SeaCoast has developed, but prior to that it needs to ensure a wide and fair distribution of COAST tokens. That’s where the public sale comes in. Thereafter, coastal visitors will be able to experience its AR-enhanced apps to their full capacity.
Set Sail for Success
The notion that web3 tech can be harnessed to enhance the world’s waterways may seem outlandish to some, but it’s no stranger than some of the applications for blockchain currently being pioneered within the metaverse. Moreover, the use cases being developed by SeaCoast for web3 technology have a tangible and practical application.
For example, the startup, led by CEO Jose Manuel Arnaiz, has created PortView, an app that supports the mooring of vessels with the aid of augmented reality and audio assistance. Inspired by Google Maps’ “how to get there” function, PortView is intended to drive down the 70% of all rental accidents that occur when boats are moored.
As for how the token component comes into play, there’s intelligence gone into this too. Given the diversity of people and entities that use the world’s waterways, ranging from beachcombers to harbormasters, sailors, and swimmers, there’s a lot of eyes on the ocean. Each of these people brings their own experience to bear, be it in terms of sandbanks to avoid or waterfront eateries to seek out.
Anyone can contribute to ShoreView, PortView, and PaperBoat, the three apps SeaCoast has developed. They will be rewarded for their efforts in the form of COAST tokens, providing a direct incentive for submitting accurate and up to date information that can be independently verified.
Tokenize All the Things
As blockchain infiltrates industries old and new, the range of ways in which web3 can be used to improve knowledge sharing, transparency, and incentivize positive behaviors continues to grow. Blockchain is already being used to track goods sent over sea through the complex and convoluted global supply chain.
SeaCoast is hoping that it can ride this wave all the way to the coast of some of the world’s busiest shipping channels. If it succeeds in this endeavor, it will be yet another demonstration of the power of tokens and their underlying networks to shake up age-old systems. But before it can tackle the world’s harbors, canals, and ports, there’s a token sale to complete. Once that’s out of the way, it should be smooth sailing.