BoatPilot Aiming to Dominate the Growing Yacht Market

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The majority of people have always viewed yachts as luxurious toys for the wealthy. 99.9% of the people in the world couldn’t afford a yacht about 10 or 15 years ago. Nowadays, the market is beginning to open towards more humble buyers. BoatPilot saw the promise and is planning to unite yacht navigation and mining while sailing.

BoatPilot is offering a better marine navigation service. The service itself is aimed at private and commercial yacht markets. That being said, the markets expanding is a great opportunity for BoatPilot to establish dominance.

Being a modernized and simplified version of both TripAdvisor and Google Maps, it offers constantly updated data and a fast-growing database of user-generated photos, routes and comments. With the Augmented Reality (AR) support, all the necessary data is incorporated into the users’ surroundings. This completely eliminates distractions and enables full focus on sailing during impaired visibility or night sailing.

One of the company’s biggest hopes is that marine charts will be even more constantly upgraded as more sailors are beginning to share their geo-data. The module BoatGod is available and can be used to capture geo-data. This rewards sailors with NAVY tokens when this important information is sent back to be processed by BoatPilot.

The whitepaper claims that yacht sailors and all the small charter companies are the world’s largest fleet. This fleet is bound to increase tremendously in size as more and more people can afford yachts. That being said, marine navigation systems simply aren’t doing the job well enough. Most of them were not built for civilian use. Even the versions which are available to the public have a huge amount of irrelevant information and a very clunky and outdated interface. Additionally, these “adapted” versions almost always fail to provide crucial details on the near fuel stations, marinas and restaurants.

BoatPilot has immense potential

With the crowdsourcing-like approach to the geo-data collection, BoatPilot aims to provide users access to constantly updated information. This will help increase the security of yachts and their passengers. According to the company’s engineers, the problem with the data is quite severe. Most of them believe that in order for new information to be added and existing system to be changed can take years. The white paper even states that in the Mediterranean region, many marinas and lighthouses are not included in any navigation system.

The developers believe that during the testing of BoatPilot, the product has already shown great promise. It’s able to provide a precise and constant flow of information which other marine navigation systems haven’t been able to get near to. One specific case has BoatPilot delivering details on 100 geo-locations in the Mediterranean which were previously non-existent in the other navigation systems’ databases.

The hardware module capturing the geo-data is done thanks to a tool named Pocket Skipper. It provides many additional services to sailors, yacht enthusiasts and enables them to list their vessels for sale and explore marina rentals.

Ever since BoatPilot’s first versions were released, more than 50 000 people have downloaded the Android version. According to the company, back in 2017, the software was trusted by sailors for the navigation of over 4500 vessels.

The official launch of the app is scheduled for spring 2019. AR functionality is bound to help reduce navigation risks and increase the safety of waterways. Sailors will also have a quick access to reliable information. Currently, the NAVY token is listed one 3 crypto exchanges: DDEX, Mercatox and Livecoin.

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