FOAM Inc
Technology, Information and InternetNew York, United States2-10 Employees
FOAM Inc is a Brooklyn-based technology company focused on integrating geospatial data with blockchain networks to support a consensus-driven map of the world. The firm pursues this aim through three core offerings: an open-source standard for embedding physical location in Ethereum smart contracts, a spatial index and visualizer that lets users interact with those coordinates on a web map, and a protocol for decentralized networks to reach agreement on the location of objects over space and time, with static and dynamic modes. The dynamic aspect uses a privacy-preserving network of radio beacons to determine when an entity was at a given location, while the static aspect leverages token-curated registries to curate geographic points of interest. FOAM targets developers building decentralized applications and projects that require verifiable geospatial data and geographic points of interest (POIs), operating within the technology, information, and internet sector. A notable development is the partnership with Verizon in 2020 as part of Newlab's 5G Studio program.