The Global Earth Observation Decentralized Network (GEODNET) operates as a decentralized system of Space Weather mining stations. These stations monitor and report the real-time impact of solar winds from the Sun on Global Navigation Satellite System (GNSS) signals. This information is typically utilized to correct GNSS signals, such as GPS, achieving centimeter-level precision in positioning and enhancing absolute time accuracy to the nano-second level.

Conventional uses for these data services encompass Automotive and Autonomous Navigation, Machine Control for Agriculture and Construction vehicles, Earthquake and Geohazard Monitoring, and standard Land Surveying. Within the blockchain sector, applications include decentralized Mapping, Metaverse Digital Twins, Location-Aware Smart Contracts, and Proof-of-Location and Time.

GEOD serves as the native utility token for the following purposes:

• Paying fees for GEODNET data streams and services
• Compensating Space Weather Miners with rewards
• Participating in governance votes to decide the allocation of network resources