GSENetwork : THE EFFICIENT TRUST NETWORK FOR SHARING ECONOMIES

INTRODUCTION: In this present marketplace,the facilities that sponsors trust links for economies sharing has been towards a particular group of users or to son firms or businesses that thrive well in their sphere.And this has been a sore in the heart of many traders who are not up to the standard of those bigger corporation or personal entities as they would be seeing it in the light that the network for dispensing economies isn't for them.This thinking isn't so good for the market for sure.

There are some challenges that is facing the current sharing market which can not be solved by the traditional and old avenues of implements such as:

• Absence of minimal mitigation of risks : The risks involved are diverse as it could b discriminating act among traders,low level of precision and accuracy,partiality may arise ad these would definitely kill the process.

• The amounts required by the intermediaries are excessive

• Trust gap : In order to stay free from any false news that has been point a threat in regards to trust amidst users of the economy,platforms and services.Examples like Airbnb and Uber have experienced such and in time past many firms have had to deal with loads of problems such as this.

• Monopolized and individualistic landscape : The absence of an healthy competition between companies can result to lack of enthusiasm and a tactic which is only benefitting an entity creates a file between product been offered and their buyers.

The goal of GSENetwork is to minimize and surely eradicate all these aforementioned challenges and make room for a place conducive for all traders alike.

GSENetwork : WHAT IT STANDS TO OFFER ITS USERS

The primary agenda of this avenue is to enable a decentralised trust service for sharing economies on the basis of block chain technology.The users will find it enthralling as it will reach out through strong connections and interactions to everyone employing it,asset anywhere from around the globe.This platform will access on the large ilities of the sharing economy and be a dominant force to enhance massive development and transformation on a global scale in order to pave way for an interdependent linkage of traders.

The blockchain technology is the enabler of decentralized economies transference network because it facilitate a protective and safe exchange of tokens in a general manner,thereby taking away the secondary want for a focal intermediary.It also determines and organise allocations and activities between the participants without arbitration.

The image below depicts the three pillar structure that will set the tone for users in the next generation sharing economies in GSENetwork.

GSENetwork will be built upon these three compartments.The DService,Incentive model and Trust network has three parts too which are namely :

• DService layer also called decentralized layer

• Mainchain Layer

• Application Layer

Below is the representation of GSENETWORK architectural strategy that will enforce the platform technology stack.

TRUST NETWORK: ITS PROOF TO USERS AND RECORDING ON BLOCKCHAIN

To guarantee the authentication of the profiles of traders on the GSENetwork,the network of trust has been divided into two which are :

• Existential Trust and,

• Behavioral Trust

The assessment of trust into the block chain is illustrated below in the image.

The trader accumulates more trust points according to his degree of communication with other people in the community.This will boost the level of interaction d understanding in the midst of everyone unlike how it used to be.

The GSE Token which is also called GSE is a system that will facilitate a price of token which is specific in a fixed and determined timespan.

GSE is characterized by :

• It can't be refunded again after businesses base been concluded and the tokens can never be used in exchange for money.

• It does not signify on token holder any authority as regards the foundational basis or any of its closer affiliated avenues.

• GSE is not to be compared with cash,it is not in any way to be used in place of money,commodity,or any other financial tool.

This is a image that illustrates the token distribution system

• CONCLUSION*: GSENetwork is a platform that affords its users seemless interactions resulting in promotion of growth in the marketplace.Its purpose is to develop a decentralized trust network to answer the questions asked by those challenges mentioned in the introductory aspect.

To learn more, visit the links below:
Website: https://gse.network
Whitepaper: https://www.gse.network/static/media/whitepaper.pdf
Medium: https://medium.com/@gselabofficial

Social Media
Twitter: https://twitter.com/gselabofficial
Reddit: https://www.reddit.com/r/GSENetwork
Telegram: https://t.me/GSENetworkOfficial

Writer Name : FunmilolaO
Bitcointalk Link : https://bitcointalk.org/index.php?action=profile;u=2074860
Eth Address
0xA35a813b4456766F8A964929d8Aa84D248d08B36