Sharing Economy and Blockchain. Trends
People like to be trendy: trendy clothes, food, jobs. We all follow the trendsetters — they tell us what to wear, what to eat, whom to love, what to do and where to go to be happy. We are not trendsetters, but now we’re going to tell how trends and technologies are connected and which impact this combination will exert in the nearest future. What is old is new again, so let’s get back to a couple of years ago and explore some trends of those times that haven’t fully unlocked their potential.
Let’s talk about the bloom of mutual consumption.
Sharing Economy — World Trend of a Decennial Period
Sharing Economy is the economy of mutual consumption. This trend pierced to our lives through Airbnb, Uber and Blablacar. The idea of Airbnb didn’t have a serious attitude at first, it seemed crazy to everyone. Airbnb offered to open their homes to strangers and it was a shock for the U.S. in 2008. Nobody could even imagine that travel nuts would visit more than 200 countries staying with strangers, 15 millions of people open their homes’ doors to rent them out. Those investors who distinguished the problem of buildings’ idling fattened their wallets sensibly, as well as those who saw the potential in the unused car seats and created Uber that let people earn extra from just owning a car.
Why were these ideas so hard to believe in? The reason is that hyperconsumption entrenched deeply into people’s value-system. Everybody wanted to get more and better for themselves only. But times change, and so do people and their world view, one of these changes’ reasons is Generation Y, the Millenials, Digital Kids. They live and share everything — files, videogames, knowledge. They far less frequently buy houses, cars and luxury items than their parents do, they lead a minimalist lifestyle and choose services that provide access to goods relieving from the necessity of owning them.
Sharing economy couldn’t clear the hurdle of such large industries as real estate and motor vehicles and deal with all items and services around us. The reason is lack of trust between the people. You need more trust to lend a camera than for renting your flat. To solve this problem the in-depth analysis of transactions’ transparency and safety is needed.
And now let’s move to juicy stuff. This topic is spoken on by everyone and their dog today.
Blockchain — the Trend of Today
Blockchain Technology was developing simultaneously with Sharing Economy. It was created to solve the problems of Sharing Economy, its task is to create trust in distrustful environment. All the transactions are stored in the blockchain register and it stimulates the participants to honest dealing. Today, if some online-platform developers are interested in reliability and transparency, they most assuredly introduce blockchain.
I Finally Lift the Veil of the Dream
Based on Blockchain Technology, we can create a single platform for goods producers. It will help to make the goods flow transparent, in other words, Internet of Things (IoT) can be introduced in each home.
IoT (Internet of Things) is the field where items cooperate with ambient environment. All user’s items are organized in “Home Online”. The main purpose is to effectively account and manage all the items from one profile. Just like that, we turn physical items into digital items. We can see how many items and appliances in today’s life gain intellect and have access to Internet, managing them each from a different app isn’t convenient and effective enough. That is why, we want to organize the whole amount of home items and appliances with one single unit — our Home Online.
Each property or personal skill can become a smart property within the system.
Trust is a ‘glue’ of society as well as our project’s ‘glue’: we present Rexpax — World’s First Home Online. Owing to tech-development, the new mechanisms of trust are being created. Blockchain caused a revolution in the world of international transactions, it revolutionized the Trust’s global meaning as well. You don’t need a lawyer, an underwriter or the government to witness, all you have to do is to trust the platform, the new conception. The conception which makes us feel safer and more protected.
Technologies will never replace human interaction and relationships. For example, if your neighbor asks for lending an X-Box, refusing means regarding him as a trickster, cheater and a double-faced creature. Regarding him as a friendly man means that you can ask for his bike in exchange. In case of admitting you both win! Taking as a base reputation earned in one’s narrow circle, we can create new trust-based relationships with new neighbors worldwide. Rexpax can go further and offers people to share not only their cars and accommodation, but also all their items and services.
Each several years a product that changes the whole industry is released. We see the problem in items’ idling and suggest the solution — a kind of ‘global bank of items’. We saw the market potential. Facebook has about 2 billion of users each of them having at least 10 items to share. As for the latest research, 68% of people are ready or already do share their items and services, imagine that 68% of Facebook is about 1,5 billion people! 1,5 billion people ready to share their 15 billion of items! This is an incredibly huge market.
The combination of neighbors’ international social network and decentralized marketplace in rather strong. Add there the principles of sharing economy and blockchain technology — and e-commerce is in another measurement of conceptions. Rexpax ecosystem opens up a portal to a new reality of industry: Home Online. Home online is a new world, world without locks and we are absolutely sure that this is the product that can change the way of owning items. Or, perhaps, it can change the whole world!
