GEON Network has introduced its augmented reality (AR) and blockchain platform. The application enables users to create two types of customizable AR beacons called ‘Geons.’ The Geons can either have Geon Coins or bear a ‘secret message’. The Geons are flexible and are accessible on mobile phones using the GEON app.

‘Secret message’ Geons usually have secret messages, discount coupons or game hints. On the other hand, Geons that hold Geon coins have utility tokens that will be convertible into other digital currencies or fiat money in later versions of the app. Both variations of Geons can be created by anyone who has installed the GEON app.

Robert Radek, the CEO of GEON Network, labeled the new app as a groundbreaking development. According to him, the app combines locational services, AR and digital currencies on a blockchain-driven platform that has several potential use cases in the real world. Robert is confident that the new app will enable users to securely transfer, exchange and store value, irrespective of their location globally. This is because the only requirement is a smartphone.

The Secret Message functionality allows users to hide clues and launch scavenger hunting initiatives. Also, merchants can create Geons loaded with discounts for their stores. This allows other GEON users to acquire goods and services at slightly lower prices.

The AR and Virtual Reality markets are expected to be valued at $215 billion within the next three years. Thus, the demand for new innovative software will soar considerably. The GEON Network will capitalize on this demand by regularly updating its application to conform to the prevailing market demands.

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