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StreetCred is building a blockchain-based marketplace for location data
2018-06-20T21:46:25Z - Anthony Ha / TechCrunch
The team at StreetCred is trying to build a better system for gathering and selling that data. CEO Randy Meech explained that if someone wanted to build the next Uber or the next Pokémon Go, they’d need location data to make it work. So StreetCred is building a marketplace where users should be rewarded for collecting this data, while interested companies should be able to buy the data more easily. The idea is that users can download an app and then collect location data around the city, earning crypto tokens as they do. Meech drew parallels to Foursquare, which started out as a location-sharing app before building a business around its data.

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