GSE Network revolutionazing economic sharing globally

Businesses are gradually porting to technological approaches because of the huge potentials the latter has. Every business or company will like to profit and in the absence of profit, such company might fold because funds are the next boost to businesses after staff.
There have been business concepts such as Mergers and Acquisition (M&A)that allows companies help each other out by providing lacking services. Another approach synonymous to M&A is shared economy.

Shared economy entails that a company or business serves as an intermediary or middlemen between service providers and the end-user. In such a scenario, the company will receive the agreed commission for the service (link-up) rendered.

Shared economy had been growing at a steady pace and its value is expected to hit the all-time profit-mark of $520 billion by the end of the year 2018. Shared economy is a good business if you really know your onion and if you can put up with its inherent problems, you’re sure to make enough profit.

Prospects
Shared economy demands you provide your idle or non-used resource such as physical properties through a third-party for other people to use such and you get money in return. Shared economy is also known as peer-to-peer and collaborative economy. One of the early proponents of this service, You don’t have to look farther for where the shared economy service is offered because companies and platforms such as Airbnb, Uber, TaskRabbit and Quora are good examples of shared economy.
Going by man’s imperfection and being an off-shoot of man’s invention, shared economy has its own share of imperfection and this implies that shared economy is gaced by problems.

Problems in Shared Economy

Shared economy is saddled with the problem of high transaction cost. If you’re seeking for service matchmaking, there are tendencies that you will be charged higher. The traditional shared economy lacks transparency because the involved parties do not get access to effective credit systems.

On the other hand, users are receiving their own share of the problem. Because there are middlemen to match-make them to a service, there data is at the mercy of such persons. In severe cases, users’ data are manipulated by such persons and in another scenario; the centralized storage system is prone to hack.

There is now a new solution to solve the problems in traditional shared economy. The solution is offered by the decentralized and distributed smart network blockchain called GSE.

Solutions Brought By GSE Network

GSE Network is first bringing decentralization into the system by using the disruptive technology – the Blockchain. Now, your data will no longer be in the hands of manipulative middlemen but secretly and securely on the blockchain. You’re likely the only one with access to your data; except if you share it.

GSE will solve the problem of high transaction costs by cutting off intermediaries and in extension, reducing transaction fees. It will also function as a transaction certificate that authenticates peer-to-peer transactions on its blockchain.

For efficiency, it is utilizing the smart contract technology in the course of every transaction. GSE is also poised to use its token during transactions and by doing this, risks and excessive costs associated with the traditional shared economy.

GSE Network is also bringing on the User Credit Passport feature using the blockchain technology. This is vested with the responsibility of noting each user’s credit history and will broadcast and store such in nodes on its network.

As a user, your data such as transaction records, property and identity information will be obtained and securely stored in a decentralized and distributed storage scheme that will locked with a private key. So you are the only one with access to your data and not just any middleman that can tamper with and use your data unfavorably.

GSE Network is also offering a new lease of life to shared economy by bringing a value recreation approach. GSE Network will use the sharing economy 2.0 that will be an opposite of what was obtainable in the traditional shared economy – sharing economy 1.0.

You don’t need an intermediary or middle to transact on GSE; the transaction is between you and the service provider. By using its token, GSE, you can develop your Decentralized Applications (Dapps).
TOKEN DETAILS

Developers can issue their token to service users in exchange for the GSE token.
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PROJECT ROAD MAP

Structure
GSE network is using four layers such as service layer, core blockchain layer, application layer and API/SDK layer. So no matter what service you want to render, be sure that GSE has the necessary tools to make your dreams come true.