SBOING

SBOING.NET is an innovative ICT SME, developing mobile technologies, applications and systems for vehicle tracking, transport monitoring and advanced navigation and routing.
It implements an internationally patented methodology for the collection, processing and distribution of traffic data to provide global navigation and routing, combining crowdsourcing, gamification, social networking and digital virtual currency concepts.Our users provide us with their mobility data, either offline or in real time, utilizing a credit-based system and being rewarded by our advertised Affiliates.
After sophisticated processing of the user traces and other crowdsourced contributions, SBOING maintains an active database of traffic data and maps for the entire planet and uses it to perform more accurate routing and to offer faster map updates for its users and other GPS-navigation applications.

The main asset of SBOING is its user-contributed data, including mobility data, traffic information, map updates and transport surveys.Sources of our mobility and traffic data are:
- Users of our UltiNavi app
- Taxis, using our UltiBeacon app
- Logistics, using our UltiVeTra vehicle and transport tracking system.

Using three sources of data reduces our risk of low data yield and increases the quality, usefulness and applicability of our data.
The company revenue is expected to increase to over € 10 million in a 5-year timeframe.

Transportation