GSENetwork: The Decentralized Trust Network for Sharing Economies

INTRODUCTION

One of the markets experiencing massive growth in the recent time is the sharing economy, with giants like Airbnb and Uber. The revenue from the sharing economy was predicted to double by 2020, providing a good market for new startups and inventors. The sharing economy is the peer to peer network that allows the exchange of goods and services. The transactions in this sector are still through fiat which is causing a lot of issues. The other problems that need to be resolved in this ever-growing sharing economy include monopoly and intermediaries. To solve these challenges, GSE Network is creating a decentralized trust sharing economy based on blockchain technology. The blockchain technology offers a lasting solution that makes the entire process of sharing economy seamless and stress-free. Blockchain technology has not only changed how the transaction is done but brought complete transparency to different industries that have adopted the technology. Blockchain technology provides a fast and transparent method of transaction globally, as opposed to fiats that include hidden charges. This technology has the potential of integrating the sharing economy as a global marketplace by removing the middlemen from the process of the transaction.

WHAT IS GSE NETWORK

GSENetwork is an innovative blockchain platform that aims at providing a trust system for sharing economy. This will help resolve all the problems faced currently in the sharing economy with the innovative blockchain technology. GSENetwork offers transparent and fast operations in the process of a transaction through the decentralized platform. The peer-to-peer network security and transparency of operation introduced by this platform will revolutionize how things are done in the sharing economy.

PROBLEMS FACED IN SHARING ECONOMY
The rapid growth in the sharing economy comes with its issues which are stated below:

1. High intermediary fees
   The current sharing economy is operating under the centralized model which gives room for intermediaries to inflate the transaction and other services fees. Uber, for example, charges their drivers about 20% and this type of charges are based on the organization discretions.
2. Lack of transparency
   The sharing economy is faced with several trust issues. The only solution to this trust issues in the sharing economy is the use of the blockchain technology.
3. Monopolistic and fragmented landscape
   The big guys in the sharing economy have captured the market to the extent of having all strategies to their advantage. For users to access suitable deals in the present market, the users will need to visit different providers and will be required to register most of the times. This gives such platform access to the user’s data that may be sold or misused.
4. Low-risk mitigation
   Users have no direct place to complain and may end up with bias judgment most of the times.

THE GSE NETWORK THREE PILLAR SOLUTION

1. The decentralized service platform
   This platform is providing a decentralized sharing economy that is based on blockchain technology. This is possible with the DPoS Consensus that will cover the following issues faced in the sharing economy; fraud system, excellent orders dispatching system and payment processing. The DApp integrated into the platform will allow it to deliver exceptional service and curb the challenges faced in the sharing economy.

2. Incentive mode
   The platform does not only provide the users with amazing services but allowing them to earn through their active engagement on the platform. This will enable the users to engage more on the platform since that will make them the token which ultimately increases participation in the sharing economy.

3. Trust network
   GSENetwork will give the control of the sharing economy to the users through the token used on the platform. They will decide most of the thing that happens in the market and not the monopolists.

THE GSE TOKEN
The token utilized on the platform is called GSE. This will be used for all transactions the platform and used for mining reward during user engagement on the platform. The GSE token is what makes the ecosystem sustainable because without it there won’t be a mode of exchange.

TOKEN DETAILS
Token name: GSE
Total supply: 100,000,000,000 GSE
Minimum Unit: 0.0001 GSE

CONCLUSION
GSE network is a blockchain based platform that is bent on revolutionizing the sharing economy through transparent and intermediary free platform. This will undoubtedly be a game changer for the whole sharing economy at large.
For more information about this innovative project, click 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

AUTHOR'S DETAILS
Bitcointalk Username: Bountyfit
Telegram: @odunayoipaye
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2256159

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