GSENetwork: Blockchain Transformation of the Sharing Economy
The creation of digital currency called bitcoin using the blockchain technology a few years back has brought about immense change in the digital world. It is perhaps no doubt that a greater percentage of the world population is yet to embrace this technology and the use of digital currencies, yet, its introduction has revolutionalized a lot of sectors that have adopted the blockchain technology. the agriculture sector, financial, entertainment power sector are some of the sectors that is taking advantage of this technology to contribute immensely to worldwide development.
In this light of increasing adoption, GSENetwork is exploring the blockchain technology to create a state of the art economy sharing platform. GSENetwork is a project that is aimed to solve the several challenges facing the data sharing economy.
Some of the problem faced by the data sharing economy include;
• high transaction fees
• lack of benefits for individuals in the ecosystem
• lack of a risk management plan
• lack of trust in the existing system
GSENetwork project is focused on addressing these stated problems by restoring trust between parties in the economy sharing ecosystem by exploring the peculiarity of the blockchain technology which provides a transparent operating ground.
Some of the key features of the GSENetwork decentralized economy sharing system that will help the platform achieve its objective are;
• A Decentralized Service (DService) network that will be designed in this ecosystem to enabler smooth sharing economy businesses on the blockchain by providing a robust distributed service infrastructure for industries to build on. This decentralized service together with a DPoS consensus protocol will function as one component of the platform that will be useful in the integration of a message delivery system, to guard the system against fraud, and to create a transparent pricing medium. The decentralized Service platform will also provide developers the opportunity to create a decentralizes app that allows users easy access to products and create their own listings in the ecosystem.
• An incentive model for users is created using a Green Mining strategy of the GSE token, with this system, all the transactions carried out in the system will be a reward based one. This mining will lead to the redistribution of the externalities created by the ecosystem back to the contributors. This will encourage partnership to allow more people to participate in the sharing economy and benefit from the model.
• A reliable trust network created to increase the involvement of more users. This will enable the network to design a trust profile for everyone. With the design of a clearly structured tokenomics model, GSENetwork would return the locus of control to the user to determine the quality and quantity of data provided to the network by participants, and in return, receive the respective incentivization.
The GSENetwork Token
The GSENetwork Token is based on the Ethereum Network with the ticker GSE. The system will generate a number of tokens in a certain amount for each predetermined time period. GSE is designed and used on the GSE Network as an exchange unit for all services. The maximum supply of the GSE token is 100 Billion.
Token Distribution
The GSE token will be distributed as follows;
40% of GSE will be set aside to build ecosystems such as green mining, strategic partnerships, ecosystem incentives, etc.
20% of the GSE will be allocated to the Foundation to provide support for the community.
20% of GSE will be released to private investors.
15% of GSE will be allocated to the team.
5% GSE will be allocated to the Advisor.
Conclusion:
GSE Network is a project that will revolutionalize the sharing industry whilst maintaining rewarding incentives to participants. It is, therefore, in my opinion, a worthwhile project of the future.
Forn more information on the GSENetwork project, visit the links below;
Website : https://gse.network
Whitepaper : https://www.gse.network/static/media/whitepaper.pdf
Telegram : https://t.me/GSENetworkOfficial
Facebook: https://web.facebook.com/gsenetworkofficial
Reddit : https://www.reddit.com/r/GSENetwork/
Twitter: https://twitter.com/gselabofficial
Authors bitcointalk username : sleekie
Writer's bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1551533
ETH Address: 0x9464a1da837f2c0e9f502d153f881312d365dac6