GSENetwork: UNLEASHES THE POTENTIALS OF SHARING ECONOMY, EMBERED BY BLOCKCHAIN-TECH

With the world heading towards a 100%
digital landscape, new opportunities and
economies are popping up constantly
including one that you’ve probably heard
of a few times—The Sharing Economy.
While the exact definition of the sharing economy
has changed over time, the foundation of it remains the same. The sharing economy is best described
as a system where assets or services are shared
between private individuals over the Internet in exchange for money. These shared assets and services are usually underused or not utilized enough in terms of efficiency. What makes the sharing economy great is that the act of sharing not only maximizes efficiency, it also spawns an economy that provides other benefits in terms of economic growth and employment opportunities etc. For instance, the prevalence of ride-sharing apps
like Uber and Lyft all over the world has seen many
individuals make decent money on the side as
drivers with a good portion being able to make a good living off driving alone.Other platforms like Airbnb and Lending Club have
also proved that the sharing economy model is extremely relevant in today’s landscape as
estimates suggest that the industry could surpass the $500 billion mark in the coming years.

Unfortunately, there are several problems affecting
the sharing economy currently such as;
A huge problem in
many applications or businesses is the,

• Transaction
  fee or high intermediary fees which are often taken at the expense of
  consumers and service providers. Not only do
  users pay more, the people offering the services
  also get their income taken away substantially
  (businesses often take 5-20% of the revenue
  generated as commissions).

• Trust gap: The sharing economy had over the years had the issue of trust controversies threatening the ecosystem.

• Monopolistic and fragmented landscape: For every business to thrive, competition is needed. However, what makes a company outstanding and unique lies in its potentials etc.

• Data leaks and massive scandals in recent times
  have also cast doubts on the integrity and security
  of the sharing economy as users are becoming
  more concerned about their privacy. Data sharing,
  however, is necessary due to the sharing-based
  model of the economy and combined with
  centralization, it is nearly inevitable that users will
  have their data leaked or misused.

Thankfully, the rise of the blockchain has paved
ways for solutions in improving the sharing
economy and one of the companies making huge
waves in the industry is GSENetwork, a next-generation blockchain technology for the sharing economy.

WHAT IS GSENetwork?

GSENetwork presents itself as a public infrastructure blockchain network for the global sharing economy. In simple terms, GSENetwork is using the blockchain to support and improve the global sharing economy by overcoming weaknesses in the ecosystem such as excessive costs and unnecessary intermediaries.

THE FUTURE AND POTENTIALS OF SHARING ECONOMY

Over the years, researchers had carried out wide range of findings on the potentials of the global sharing economy. However, it has been deduced the sharing economy is a strong sector that should not be underestimated as its potentials would continue to impact on the consumer experiences. However, some factors exist that will thrive the potentials of the sharing economy such as:

• Increased participation by users which will invariably result to increments in demand and supply.

• Disruptions of the internet (WWW) making the sharing economy user-friendly and open to all.

• Increased integrated communication between users and transaction platforms.

BLOCKCHAIN AS THE KEY TOOL TO DRIVING THE SHARING ECONOMY

Blockchain enhances the secure exchange of value in a decentralized manner, thereby eliminating the need for a
central intermediary in the ecosystem. The unique proposition of blockchain technology is its ability to run software
applications (smart contracts) in a secure and decentralized peer-to-peer network that is not controlled by
a central party. Fundamentally, blockchain-based applications are able to govern, allocate and coordinate
resources and activities, as well as facilitate interactions of all participants without central arbitration.

BIRTH OF THE GLOBAL SHARING ECONOMY

The sharing economy is entering the next phase of growth. The first generation sharing economy formed
many new behaviors and benefits to providers and consumers alike - lowering costs of ownership, greater
access to assets and services and opportunities for untapped markets.
The next-generation sharing economy that GSENetwork is modelling can be in three key players namely:

UNLEASHING GSENetwork's DSERVICE

TOKEN INFORMATION

The token of GSENetwork is GSE. GSE is designed to be used solely on GSENetwork as a unit of exchange for all services on
GSENetwork, as well as providing the economic incentives which will be consumed to encourage
participants to contribute and maintain the ecosystem on GSENetwork. GSE is an integral and
indispensable part of GSENetwork, because in the absence of GSE, there would be no common unit of
exchange to pay for these costs, thus rendering the ecosystem on GSENetwork unsustainable.

ROADMAP

Useful links:

Website: https://gse.network/
Whitepaper: https://www.gse.network/static/media/whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=4806091.0
Twitter: https://twitter.com/gselabofficial

Author: Ada
Bitcointalk username: Lilianj
Bitcointalk profile:https://bitcointalk.org/index.php?action=profile;u=2178566;sa=summary
Eth wallet address: 0x9cb4f96ea7e45348886ecdda29aa726c7c428f2b