Because I know people are, inevitably, going to wonder the feasibility of this - yes, it's very doable. Regardless of the method of deriving location and position (inside-out positional tracking, outside-in positional tracking, magnetic induction tracking, etc), the end result is always the same - a transformation matrix. Which is to say, there is naturally a degree of interchangeability between all sorts of positional tracking technologies that can be overcome through software.
think of it this way, if someone gives you the problem "2x4", there are a few ways you can solve it. You can go 2 + 2 + 2 + 2, you can go 4 + 4, you can transform it into 2x(2x2), etc. But no matter what way you solve the problem, you get the same answer. That answer is the key.