Hello, we meet again. In this article, I'd like to continue a review about GSENetwork. One of the most interesting things I found about GSENetwork is their "Trust" system, which at first glance, looks contradictory to the spirit of decentralization, the blockchain, and etc. I'll try to answer two questions: why does GSENetworks needs trust system and does it backslashing the idea of decentralization or blockchain.
Without further ado, I hope you'll enjoy this article.
GSENetwork Trust System Explained
As we've talked before in the previous article, GSENetwork is a project about the sharing economy. It's a platform to revolutionize how sharing economy works, therefore, GSENetwork must have a mechanism to calculate or measure how trustable the participants are, in order to make sure that:
The other participants who use this platform won't get scammed. For example, they agree to rent a house, but it turns the real owner of that house is not the one they've contacted before.
The partner who provides the necessary infrastructure won't have to spend unnecessary things for a participant that do not actually exist or a fraud.
Providing the necessary reinforcement to keep participants behavior ethical in the system to ensure everybody will gain the benefits that they should get.
Whether we like it or not, we have to have some kind of measurement to calculate whether a person is 'trustable' enough to rent our services or things. And that is why GSENetwork has the trust system.
Illustration of GSENetwork Trust system
According to the whitepaper, trust is composed of two elements, behavioral and existential trust. The latter measure whether somebody exist or not while the first one measure whether someone can behave ethically or not. From my point of view, both of them are necessary. We have to make sure that somebody does exist and can behave ethically before we do business with them.
Existential trust is measured using devices that will record the action of users, especially logging in and another interaction point such as driving ofo bike to a particular place in the city. Essentially, it will be measured by how many times a participant use this system. On the other hand, a behavioral trust will be measured how well a participant performs in transactions according to the parties involved on that transactions, but the technology and empirical strategies to count it is still in development by the team.
How trust value can change
Will this trust system violate the principle of trustlessness in blockchain?
The short answer is: no. I don't think it violates it because they're not the same thing. Trustlessness in blockchain is about the transaction and data, and in GSENetwork, all of the data and transaction will be processed as usual: without relying on third-parties to verify it. However, you can't remove the 'trust' when you have to interact in the sharing business.
The trust that we need in GSENetwork is there to measure whether a participant can be trusted before we do business with them, and this is a must. You can't remove it, because when there is no system like this, the risk of stealing, scam, and etc will increase because nobody knows whether a person has a shady past, whether they exist in reality or not, or whether a person is not impersonating someone.
So, the trust system in GSENetwork is essential in order to make sure the system works as it should. While at the same time, blockchain and decentralization are still there.
This is a promotional article. Readers are encouraged to read about GSENetwork by themselves.
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