Charts of the seabed with data from satellite navigation

Hello,

I found out that data from satellite navigation technologies on boats can also be used to create charts of the seabed: http://www.youtube.com/watch?v=BjFh-cWR20A.
It looks like it is possible to obtain accurate maps by aggregating a lot of data packages provided by a multitude of small boats.
Did any of you participate in similar activities? What do you think about it?
Matteo

It looks like it is possible to obtain accurate maps by aggregating a lot of data packages provided by a multitude of small boats