GSENETWORK: A BETTER NETWORK THROUGH BLOCKCHAIN

dammy42 (38)in #blockchain • 6 years ago (edited)

INTRODUCTION

Networking is very essential and one can not but do without it on daily basis. Networking is important in the area of finding opportunities, it helps in building and sustaining a business, it also build relationship ,it also help in benefiting one's career. Networking has gone viral, there is no where all over the world that does not make use of network. We would see that we can not communicate without the existence of network, one can not access online and be familiar or inform about what is going on around the world. One can easily communicate with anyone across the world with the help of network, one can also be inform either from news both internationally or locally. We will notice that whatever is going on across the world can be accessed with the help of network.It build businesses in the sense that as a business personnel, goods and services can easily,transparently and safely be delivered to you from anywhere across the world.It also build relationship in the sense that two individuals can communicate via phone or internet and be rest assure that your partner is safe. Infact, networking has grown up to the extent that one can be viewing and seeing what the other person you are communicating with, you can see what the person is doing it where the person is right away.One can track down your stolen phone across the world too. All these are made possible with the help and existence of networking. Data can as well be share to anyone globally. GSENetwork aim to key into the huge potential of the economy sharing and also champion the growth and create an interdependent network of users and providers.

        TRUST NETWORK

Trust is very important in business, with trust one can involve in business with someone with huge amount of money. For business to do well, trust must be involve. Trust between business to business, trust between business to customers, trust between peer-to-peer and trust between users to provider.Trust is the key word in any business that grows well and last longer. If every individual’s digital footprint and social media profile are unique, each user should have ownership of their personal digital data. With the aid of blockchain technology, such records will be permanent and traceable, forming the basis of trust between user and provider.

Principles of the Trust Model and Types of Trust

The GSENetwork defines trust using a two core elements to ascertain the authenticity of the user profile:

Existential Trust and Behavioral Trust.

Existential Trust

The GSENetwork adopts Internet of Things (IoT) devices utilizing GPS, fingerprint scanners, accelerometers and other IoT indicators to validate the authenticity of the user’s identity. Each logged and authenticated interaction point would contribute to the user’s trust value.

Essentially,Existential Trust provides information about a participant’s existence. A participant in the GSENetwork with high Existential Trust may still exhibit bad behaviors, but he/she is still likely to truly exist, accounting for his/her Existential Trust score.

There is no cap in supply of Existential Trust since a participant can have large Existential Trust approximating to infinity, correlating to actual human behavior - the longer a person lives, the higher the number of accumulated interactions with other individuals or objects over a lifespan.

Existential Trust would decay over time. Once a participant stops interacting with other identities in the network, the identity would gradually cease to exist. Thus, it is necessary to introduce the concept of accelerating decay of Existential Trust, noting that objects would have a slower speed of decay compared to humans.

Behavioral Trust

GSENetwork would be able to correlate the user’s online activities, frequency and interaction with assets, people and platforms the user has interacted with to determine the value of their behavioral trust.

A high Behavioral Trust implies a high likelihood that a target is has produced accountable and ethical actions, and a low Behavioral Trust could be a result of less than satisfactory interactions or transactions in the past.Behavioral Trust is an built-in pseudo-credit system of GSENetwork. Since not all IoT devices can record and upload information about users’ behavior. Behavioral Trust will have to be different from Existential Trust.
Ideally, existential Trust would be awarded for every interaction by participants. However, due to the limitation of IoT devices, only specific interactions will be awarded Behavioral Trust. Thus we termed it a pseudo-credit system. Before we are able to adequately equip Behavioral Trust-enabled IoT devices with the right technology to record accurate information GSENetwork requires, we will closely observe the true effectiveness of Behavioral Trust and compare it against GSE Trust Score or other third party credit scores. Taking the assumption that there are sufficient Behavioral Trust-enabled IoT devices, several guidelines should be followed:

The total distribution of Behavioral Trust should follow normal distribution, or a bell curve distribution. This complies with distribution in reality where the majority of users are ethical and have accountable actions. The supply of trust on both the individual at a micro level and population at a macro level, would be governed by normal distribution and therefore have diminishing marginal reward. This should be adjusted automatically and dynamically based on factors affecting the entire network such as monthly active users and total monthly transactions.
Behavioral Trust would also decay over time based on the logic that when a participant stops interacting with other parties or assets, the system is not able to record information, hence losing information about it and not that trustworthy as before. A decentralized trust network means that users will own the data that they provide to the network and be able to have control over the data that is shared. Users would be able to affect their own trust value through their actions and be in control how they are shared and utilized.
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   FEATURES OF GSE TOKEN
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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. GSE is a non-refundable functional utility token. GSE does not in any way represent any shareholding, participation, right, title, or interest in the Foundation, its affiliates, or any other company, enterprise or undertaking, nor will GSE entitle token holders to any promise of fees, revenue, profits or investment returns.
GSE may only be utilised on GSENetwork, and ownership of GSE carries no rights, express or implied, other than the right to use GSE as a means to enable usage of and interaction with GSENetwork. In particular, you understand and accept that GSE:

Is non-refundable and cannot be exchanged for cash (or its equivalent value in any other assets) or any payment obligation by the Foundation or any affiliate;
Does not represent or confer on the token holder any right of any form with respect to the Foundation (or any of its affiliates) or its revenues or assets, including without limitation any right to receive .
Is not intended to be a representation of money (including electronic money), security,

commodity, bond, debt instrument or any other kind of financial instrument or investment.

Is not a loan to the Foundation or any of its affiliates, is not intended to represent a debt owed by the Foundation or any of its affiliates, and there is no expectation of profit; and
Does not provide the token holder with any ownership or other interest in the Foundation or any of its affiliates.

      TOKEN DISTRIBUTION

Advisors 5.0%

Ecosystem building 40.0%

Foundation 20.0%

Team 15.0%

Private investors 20%

             TEAM

The team is made up of business oriented people with a very good experience in advance technology.

CONCLUSION
Conclusively, networking is trending all over the world and the importance and benefit of network can not be over emphasized and trust in business is so crucial for the growth of the business as trust exist between business to business(B2B),business to consumers (B2C) and peer-to-peer (P2P) and as such there is need to support GSENetwork project to move the existence of network to the next level.

For more information on GSENetwork, kindly visit this link.

Website: https://gse.network/

Whitepaper: https://www.gse.network/static/media/whitepaper.pdf

Writer: Bunmi

Bitcointalk Username: Bunmi1989

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1789574;sa=summary

Ethereum address: 0xb4F6c64b2f500587776a885c574ea4570A4A7A3F

#gsenetwork #network #decentralized #technology