It’s a closed and proprietary system that contains locations like master.beats.slave near Brooklyn and whites.power.life in Washington (to pick just a couple of examples off the top of my head). If your only requirement is “human readable” and assumes the human knows how to read and pronounce English words then I guess it kinda does.

>and assumes the human knows how to read and pronounce English words

I hit a dozen random benches. If these are the low requirements, W3W would and does do a great job for openbenches: https://openbenches.org/bench/random/

so would google's plus-codes,

https://maps.google.com/pluscodes/

Yeesh slave.trade.market too!