Geolocation ‐ a unique combination of just 3 words that identifies an address for every 3mx3m square, anywhere on the planet
Company website: http://what3words.com
what3words is a multi-award winning location reference system based on a global grid of 57 trillion 3mx3m squares; each square has been pre-assigned a unique 3 word address. what3words is far more accurate than a postal address. It is much easier to remember, use and share than a set of coordinates.
It solves a problem in the 75% of countries in the world that suffer from inconsistent, complicated or non-existent addressing systems. Poor addressing means billions are invisible to the state, unable to get aid, vote or get finance.
In the other 25% of countries that do have good systems packages still get lost, friends are not met and business don’t get found. This is frustrating and costs businesses billions.
what3words is already being used in India to help install solar lighting, order taxis in Delhi and by innovative haptic footwear brand, Lachal. It is being used in Tanzania to help fix water points and in Ethiopia to deliver food. It is being used in the UK to coordinate music festivals, by courier companies to improve delivery efficiencies and by the UNDP across Africa. Global delivery giant, Aramex have invested in the company and is building 3word addresses into their last mile delivery systems.
what3words is charged on a volume based software license for businesses. There is a nominal charge for not for profits and use of what3words apps and site is free for individuals. The applications are almost limitless and we look forward to working with what3words to find new uses and markets for this highly innovative start-up.
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