The GSENETWORK is a blockchain powered sharing economy. It is a decentralized ecosystem of sharing economy which is in a straight partnership with Gate.io.
This joint venture will make it possible for the GSENETWORK to turn into a transparent sharing economic platform.
Continue reading this review in order to understand what is GSENETWORK and how does it operate.
The sharing economy has grown with a phenomenal pace within the last one decade. It has formed several unique behaviors and advantages for the consumers and services providers. The sharing economy has featured cost-effective asset ownership, better opportunities in untapped markets, and superior access to the services and assets.
Apart from the benefits and features, expensive intermediary fees, trust gap, monopolistic landscape, and poor risk mitigation have prevented the sharing economy from leveraging the best profit according to its true potentials. The GSENETWORK is offering decentralized network to maintain trust and flawlessly connect every user with providers and services in the sharing economy. It is using the blockchain technology to provide transparent and reliable solutions for the mentioned issues.
How does it work?
GSENETWORK is using the blockchain technology because it features a secure exchange of value in a complete decentralized way. There is no need of central third parties when dealing within a blockchain powered ecosystem. This platform features a model in which the blockchain is used to implement smart contracts in a decentralized P2P network. The best thing is that there will not be any central party to control this peer-to-peer network. The newly formed tools will be used to manage, allocate, and organize activities and resources. In addition, new programs will provide safer interactions between all the participants.
All the mentioned features are seamlessly aligned with GSENETWORK’s vision for sharing economy. It features a decentralized structure that stimulates the implementation of platform through distribution of rewards. Hence there will not be any third party involved, the produced external value will be re-shared within the users who are contributing to value creation. This platform envisions a decentralized sharing economy that can feature a true sharing economy for developing more innovative and community-driven apps and at the same time it will incentivize the bona fide users.
The DService platform:
GSENETWORK’s main objective is becoming the leading enabler of sharing economy agencies on the blockchain by offering a strong distributed service framework. The core components of DService would be employed as dispersed systems in the below mentioned areas:
Anti-fraud system
Order dispatching system
Multi-dimensional user profile rating system
Transportation system
By implementing the planned solutions in the given areas, the sharing economy DApps created on the GSENETWORK can concentrate on their main businesses. In addition, the GSENETWORK will offer them with reliable distributed infrastructures to empower them.
The issues associated with the current sharing economy:
The credit for a sudden rise in the sharing economy goes exceptional growth in the web technologies. Fueled by economic benefits, the quest for new experiences, enhanced environmental and social awareness, and the sharing economy has experienced quite an impressive growth. Thought the sharing economy is growing constantly, many new challenges are emerging which seem tough to overcome.
Some of these challenges are:
The existing business model of the sharing economy is based on centralized platforms. These platforms collect all and package the resources to supply them to the customers. Both parties pay a considerable price for the packages.
The sharing economy seems pretty lucrative, but some of the most renowned organizations also considered suspicious of causing a threat to their customers. The centralized platforms fail to gain the trust and it is a big issue.
There is always a chance that if a company conquers a significant amount of market share, it may not face a tough industry competition. It may eventually lead to a self-beneficial tactic that forms a disconnect between the brand and consumers.
Whenever there is a dispute between the users and providers, the intermediary parties play a vital role. It often gets tough to get a straightforward solution for the issue. Other issues including poor judgment, human bias, and discrimination can also cause troubles.
The solution:
The GSENETWORK is using the blockchain technology to offer a safe exchange of values in a decentralized manner. Thus, there will be no need for the third-party intermediaries. This platform is using the smart contracts to facilitate a peer-to-peer connection between both parties in a decentralized ecosystem. This platform is relying majorly on blockchain-based apps because these applications are capable of allocating, governing, and coordinating activities and resources. In addition, it completely removes central arbitration and features direct interactions between all the involved parties.
All of these features are exceptionally aligned with GSENETWORK vision for the shared economy as a decentralized structure that features the utilization of this ecosystem by distributing rewards. As the intermediary will get removed, the GSENETWORK will use the produced value to redistribute it among the users who have contributed in value creation. This platform firmly believes that decentralized sharing economy can fuel the concept of sharing economy. Thus, more community-driven applications will be formed and at the same time, bona fide participants will gain rewards.
Tokenomics:
This platform is featuring the GSE tokens. This platform is going to generate a fixed amount of GSE tokens in fixed time interval. The token generation will rely upon users’ participation in the green mining process of sharing economy and nodes’ participation in the accounting. This token will fuel to the whole GSENETWORK ecosystem because every participant will use this token to access the services and solutions offered by this decentralized sharing economy platform.
Final thoughts:
The GSENETWORK is designed to leverage the maximum profit by revamping the flaws of sharing economy. It is a promising platform if you want to be one of the participants which are looking to make profit from sharing economy.
The sharing economy is expected to grow up to $335 billion within the next decade. The GSENETWORK team of professionals is developing this platform to leverage a huge profit and share it with the users of this platform. It is providing the participants with the GSE tokens which will be general utility tokens within the GSENETWORK. Every participant will need these tokens to buy goods and services within the ecosystem and therefore its value can rise pretty fast.
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