In recent years, there has been a massive increase in the number of users of the sharing economy, an economy that focuses on the principle of shared production and consumption. The massive adoption of the sharing economy concepts has caused massive disruption of the traditional business model. This is mainly due to its low barrier of entry because of the current age of technology companies and individuals can easily setup platforms for people to exchange goods and services directly between each other. Even though the sharing economy is still in its infantry but it has been proving to me to efficiently and effectively help supply meets demand. Consumers also enjoy a certain level of flexibility when purchasing goods or choosing services from freelancer and service providers.
Despite the many benefits of the global sharing economy. The problem of excessive transaction costs in terms of fees paid for service matchmaking, monopolistic practices by giant brands and companies like Airnub and Uber, trust issues and user data leakage from centralized data storage has been a major hindrance for the growth of global sharing economy. GSENetwork aims to explore the benefits of blockchain technology, a technology that creates a world in which contracts are embedded in digital codes and stored in a transparent and shared databases, in these databases the codes are protected from revision, deletion and tampering to solve the problem of trust that has affected the growth and development of the global sharing economy
ABOUT GSENetwork
The vision of GSENetwork is to lead the sharing economy into a new era thorough blockchain technology and its decentralized peer to peer network. GSENetwork believes that despite the current astronomical growth of the sharing economy, there is a great potential for future growth and GSENetwork would be at the epicenter of this forecasted growth. Users of GSENetwork will have access to a wide range of assets and users anywhere in the world. By eliminating middlemen and intermediaries through its decentralized peer to peer network, GSENetwork will eliminate the problem of trust and privacy that has been a major factor hindering the growth of the global sharing economy.
MAIN FEATURES OF GSENetwork
- Providing a Decentralized Service Platform: GSENetwork will facilitate the growth of the sharing economy by providing a robust service infrastructure for businesses to build their decentralized apps(DApps). The DService Platform on GSENetwork will allow various developers to create their own decentralized apps that will allow it’s users to browse products offerings, make listings and perform transactions in the most transparent and coordinated environment.
- An Efficient Incentive Model: As part of GSENetwork to improve the adoption of sharing economy across the. GSENetwork integrated an incentive model to reward the users and contributors to the to the ecosystem. By rewarding participants with GSE tokens when they transact and share properties and service on the GSENetwork, participants will be encouraged to share what they have thereby added value to GSENetwork while also encouraging usage and the adoption of the sharing economy globally. In a more realistic example, GSE has already formed a partnership with OFO, the world largest bike sharing platform. Ofo user can earn GSE tokens In green mining activities as they share their ride.
- A Trust profile system is integrated on GSENetwork. By incentivizing sharing service users will be encouraged to participate more thereby allowing GSENetwork to create a trust profile of every individual based on their activities. Users will be encouraged to provide quality data in the GSENetwork ecosystem because they will be effectively rewarded for it.
THE GSE TOKEN
Another integral part of the GSENetwork ecosystem is the GSE TOKEN. The GSE Token is the native token of GSENetwork and will be used for all services on the ecosystem. GSE token will also be used as incentives to participants who contribute to the growth of GSENetwork through their various activities on the ecosystem. There will be a total supply of 100 billion GSE Tokens.
Token Distribution Information
To Know More About GSENetwork visit the following links
Website: https://gse.network/
Whitepaper: https://www.gse.network/static/media/whitepaper.pdf
Telegram: https://t.me/GSENetworkOfficial
Facebook: https://www.facebook.com/gsenetworkofficial
Twitter: https://twitter.com/gselabofficial
Author: jamisky
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2151951
ETH Address: 0xCAA53FA3C33DA82bAD0dDD0AC56B040700CBCBBe