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“It’s user-friendly GPS,” said Giles Jones, the company’s chief marketing officer. “Everybody’s got a story of where location has not been good enough.”

Best IPO Stocks in India Best Stocks For Long Term Growth ✌️【Market Forecast】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. The idea came from what3words CEO Chris Sheldrick, a former live music organizer. Sheldrick often grew frustrated at poor addressing when he needed to drop off equipment at a convention center or direct a band where to go, Jones said.

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“There was a dictionary on the table, and they were like, ‘I wonder how many different words it would take to build a system using words,’” Jones said.

Best IPO Stocks in India Best Stocks For Long Term Growth ✌️【Market Forecast】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. The answer is roughly 40,000, strung together in groups of three. It works like this: Say you want to meet a friend at the mall, but there are multiple entrances and no easy way to explain where you are. By using the what3words mapping app, you can mark out the specific building entrance and tap on a virtual square to conjure up a random phrase fixed to that location, like “caramel.kingdom.signature” — an actual phrase tied to a location in Hong Kong.

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One of the company’s greatest success stories has been in Mongolia, a vast landlocked country with a vibrant nomadic population.

Best IPO Stocks in India Best Stocks For Long Term Growth ✌️【Market Forecast】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. What3words has become an official addressing system there, Jones said, which means the company’s three-word phrases are now used by the Mongolian postal services, its banks, taxis, Airbnb owners and even Pizza Hut.

Best IPO Stocks in India Best Stocks For Long Term Growth ✌️【Market Forecast】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. Many people around the world still live without an address, which has allowed the startup to find compelling opportunities to reach new users and demonstrate its service.

For example, the company recently worked with a refugee settlement of over 100,000 people in Uganda to ensure everyone could get deliveries and map out as many as50,000 buildings.

“Every single person in that refugee camp has now got an address,” Jones said. He added that those addresses are recognized by the local health agency, which makes it easier for medical workers to find people.

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It’s also been useful in situations where a person might not necessarily know exactly where they are. Police in northern England told 【 - Free Predictions 】 Business that they once used the app to rescue a kidnapping victim.

“We asked her to download the app and give us her three-word location,” said Paul Redshaw, a supervisor at Humberside Police. “This meant that we could identify which building she was in and officers were sent to her aid immediately.”

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“If you’re a big delivery company or you’re a car company or a mobility company, we can make you much more efficient,” said Jones.

Best IPO Stocks in India Best Stocks For Long Term Growth ✌️【Market Forecast】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. Two of what3words’ investors are logistics firms. Germany’s DB Schenker and the UAE’s Aramexare using the startup’s technology in their systems to help delivery workers know exactly where they’re going, a way to save time.

German automaker Daimler(DDAIF), another what3words backer, has adopted it in some of its cars’ navigation systems, letting passengers input three-word addresses by voice.

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“Running groups are using us to mark out running trails. People are using us to find their friends at festivals,” Jonessaid. “We’re basically a pin drop that you can say, write down, input into a device and then remember.”

“So you see the three slashes on a building, on a business card, in a search engine, and you go, ‘That’s an address,’” said Jones.

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