There's also what3words [0], which uses 3 English words. They support a few other locales/languages I believe.

Their idea seems better from a human-readable perspective, and I prefer the solution to other concoctions like what Waytag [1] once did. Although Waytag founders focused on 'our technology is patented, soon Google and all the other giants will be licensing from us' part [2] instead of improving their user experience and creating a decent API. Their patent later got invalidated with GeoCities as prior art. I tried to find the detail on Stack Exchange, I'll add reference when I find it.

[0] http://what3words.com [1] http://waytag.com [2] http://support.waytag.com/our-vision/