GSE: A DECENTRALIZED SHARING ECONOMY PLATFORM
INTRODUCTION
THE Blockchain is the key facilitator of secure exchange of value in a decentralized manner, it replaces the role of central intermediaries, the main unique characteristics of Blockchain is its ability to run software applications (smart contract) in a secure and decentralized peer to peer network that has no control of any central body, blockhchain-based applications can allocate, govern and facilitate resources, it can also facilitate transactions between parties without central arbitration especially in the sharing economy.
SHARING ECONOMY
I guess you must be wondering what a sharing economy is? Good let me explain is not something that complex though, a sharing economy is a simple economic model that allows different businesses and companies to partner together to achieve a common objective or interest like in the case of UBER, airBnB and M&A and many more companies like that coming up on a daily basis, is a very good economic model in my opinion however in this kind of economic models there exists some flaws that inhibits it's growth and widespread adoption, the entire system is highly centralised (monopolistic), trust issues and the fact that businesses favour clients more than staff and no transparent system to handle disputes that may arise between parties is a very big challenge in this economic system
The Sharing economy is still new and is growing rapidly companies are merging to form are stronger and better organisation, problems also accompany such growth thereby limiting it's full potentials
CHALLENGES OF SHARING ECONOMY
Major challenge in this economic model that need urgent redress:
*High intermediary cost: partnership drives sharing economy and the fact that facilitators has to be tipped results in spending huge amounts of which intermediaries benefits most.
*Trust gap: sometimes partners, clients don't trust themselves due to certain operation methods this might result to disdainful behaviour in the system
Monopolistic and fragmented landscape: this is the situation in the current Sharing economy, when a company discovers a particular business model and no industry competition it leads to complacency.
*Lack of risk mitigation: this refers to when there is no mediation services in a system to solve unforseen circumstances.
THE GSENETWORK
GSENetwork aims to tap on the huge potential of the sharing economy and pilot the growth and transformation of the global sharing economy to create an interdependent network of users and providers.
GSEnetwork aims to use Blockchain technology to take down the bottlenecks in the sharing economy
The Blockchain as a decentralized system has been the primary channel to achieve an efficient sharing economy, GSENETWORK will be to the economy what web 2.0 was to the cyber space, gsenetwork aims to transform the sharing economy through
SOLUTIONS
Dservice platform (distribution channel): Dservice platform will be to the economy what distributors is to manufacturers, it will pilot the distribution of GSE services to the people and businesses in the blockhchain
Incentive model: this is a reward mechanism where participants in the network are rewarded with GSE token when they conduct transaction in the network, the major strategy deployed here is green mining, it works in conjunction with transaction, this approach increases participation rates and consequently scale global sharing economy.
Trust network: the current business environment is fragmented and trust is hardly seen gsenetwork through the use of Blockchain and DLT support will build a transparent sharing economy where transactions and agreements between parties in the platform are automated and locked in a smart contract that is free from manual intervention.
TOKEN ECONOMICS
The GSETOKEN (GSE) is designed to be used solely on GSENetwork as a unit of exchange for all services on GSENetwork, is an ultility token that will be used to transact in the network with a very low transactions fee. GSE is already trading on exchanges, I encourage all lover's of free economy to support and participate actively in this project to achieve a transparent sharing economy.
Token distribution
ROADMAP
CONTACT INFORMATION
AUTHORS DETAILS
[Bitcointalk profile link]: (https://bitcointalk.org/index.php?action=profile;u=2116706)
ETH address: 0x6DD643fa81924Dc92200b7A9f29Fc7cCb03A2E3B