Some months ago, a friend came to visit me in my city while he was about to embark the aircraft he called and told me he was already peregrinating. I decided to authoritatively mandate a cab utilizing one of the popular centralized platforms for the peregrination to the airport. On getting to the airport, I was charged $10 for the peregrination which was the range of fare I conventionally pay.
Peregrinating back from the airport with my friend, I decided to authoritatively mandate a cab from the same centralized platform but this time the story became different. On reaching my house, I was charged $29 which is virtually x3 of the amount I paid antecedently. I told the driver that the convey fare was too high and there is no valid reason why I should be charged that amount but at last, I later paid utilizing mobile transfer from my bank to that of the driver because the fare was way above the mazuma I had on me at that moment. During the course of the conversation the driver told me his own ordeal, he was charged 30% of a peregrination against the conventional 20%. I had to indite several emails to the platform to narrate my experience and I was later credited $20 worth of peregrination, not mazuma.
Users of this kind of centralized platform are additionally faced with different caliber and types of challenges. I am going to discuss these challenges faced by customers and the blockchain solution provided by GSENetwork to efficaciously combat these challenges.
Quandaries of the current sharing economy
High Commissions: The centralized platform who are currently providing the platforms for sharing economy charge a high percentage as fees for utilizing their platform. These fees can be as high as 20% both on the side of the accommodation provider and the customers.
Trust Gap: The homely experience by users of this platform may result to breach of trust for the centralized platform. Just like in my situation I lost the trust and reverence I had for the platform because I was trepidacious the situation might reiterate itself someday.
Monopolistic and Fragmented landscape: in a situation where a company offers a better accommodation and becomes the giant in that market, this sometimes leads to complacency and self-propitious strategy which may result in a disconnect between the company and the users.
There is genuinely no platforms that host multiple varieties of sharing economy. So users have to register with different platform for different accommodations and may lead to abuse of personal data.
Lack of Risk Mitigation: In situations of disputes, present centralized platform take an inordinate amount of time to reconcile and the channels for reconciliation are conventionally very intricate
GSENetwork Solution
GSENetwork is a decentralized platform for sharing economy which harnesses the blockchain technology for the purport of providing a seamless utilizer experience. This platform consummately eliminates the desideratum for middlemen like the centralized platform. The applications built on the platform avail in the governing, allocating and coordinating tasks and assets. The platform providing a direct interaction between the accommodation providers and the customers.
This decentralized platform will enhearten participation by giving out incentives to active participants and very active members of the GSENetwork community. GSENetwork aims to move the sharing economy to the next phase of technological magnification.
Features of GSENetwork
Decentralized Accommodation (Dservice) platform: GSENetwork aims to provide a sound distributed accommodation platform on which the sharing economy DApp can be built. The order dispatching system, anti-fraud system, multi-dimensional utilizer profile system, transparent pricing system will be implemented as a distributed system utilizing the DPoS consensus mechanism. This will accommodate as a fortification to the sharing economy DApp and Business.
Incentive Model: GSENetwork incentive model aims to reallocate the externalities provided by the ecosystem back to those who actively participate in sharing. GSENetwork will be partnering with sharing economy of sundry sizes in order to increment participation in the sharing economy rialto. When the incentive model is implemented, this will lead to efficacious scalability of the GSENetwork because it inspirits users to transact and apportion in lieu of prehending the assets, leading to further increase in participation.
Trust Network: Users will be able to control the quality and quantity of data they provide to the network, of which they will be rewarded in the respective measures.
Benefits of GSENetwork
Reduced Accommodation fees levied on customers and providers
Transactions are more expeditious and more secure
Personal information is opportunely secured
Incremented access to assets and accommodations
Emboldens the utilization of cryptocurrency for transactions in sharing economy
GSENetwork Tokens (GSE)
The GSENetwork tokens are called GSE tokens. It is to be utilized solely in the GSENetwork as a prevalent unit of exchange, economic incentives, and maintenance of the GSENetwork ecosystem. The system will engender a concrete number of tokens in every fine-tuned period of time. The total supply will be 100 billion GSE token with a minimum unit of 0.0001GSE token.
Token Distribution
RoadMap
The Team
Advisor
Partners
For more information about GSENetwork, visit any of the connections beneath:
Website : https://gse.network
Whitepaper : https://www.gse.network/static/media/whitepaper.pdf
Message : https://t.me/GSENetworkOfficial
Facebook: https://web.facebook.com/gsenetworkofficial
Reddit : https://www.reddit.com/r/GSENetwork/
Twitter: https://twitter.com/gselabofficial
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1827681
Author :rosebit
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