Introduction
No doubt the adoption of internet has seen phenomenon growth over the past decades which has facilitated the rise of the sharing economy. However numerous problems have also surfaced with the rapid development of the sharing economies limiting its bursting potential. In reference to this, it can be said that the challenges that are been faced on daily basis varies to lack of risk mitigation, fragmented landscape and high intermediary costs.
Furthermore, for activists of decentralization, the economy in the mode of sharing networks has made peers transact directly with peers, avoiding intermediaries that may come in form of the corporate government enterprise. This has given way to regular income earners, allowing them generate profit from under-utilized resources like cars or extra apartment space. In a way, as the sharing economy keeps growing so also does the related challenges and obstacles. This is why GSE network have come to create a dispersed share network based on the blockchain infrastructure.
What is GSENetwork?
The project of GSE was created to build a decentralised trust network to solve the overwhelming issues that has hindered the growth and propagation of the sharing economy. This means that GSE will focus on the global sharing economy and be the intermediary between the sharing economy to encourages the efficient utilization of resources. Nowadays cyber defaulters are devising various means to bump into the various networks which are jeopardising the trust that have been accumulated over the years. This means the GSENetwork will serve as the utmost security to prevent future occurrence.
GSENetwork comes with the improvement below;
Trust Network: The attributes and the effectiveness of the GSE network are bound to increase user interactions making sure the network document more users transactions to create an all-rounded trust profile of each user which in a way form and initiate the utmost framework for the independency of the network and users. Trust has always been a valued commodity since is not common and thus is a tender that can facilitate transaction in a sharing economy. With the aid of the GSE technology, records of every individual digital thumbprint and social media profile will be everlasting and traceable which will make it unique to form the basis of trust between the provider and users
Enhanced Decentralised Service: Decentralised service makes interaction very flexible and easy among users. Highly complex interactions are now being handled easily with the help of blockchain application. The GSE is now maintained by thousands of nodes in the network which has make the sharing economy more accessible.
Enhanced Anti-Fraud module: The antifraud module exists to recognise fake users with fake information identification filters to provide steadiness and security for the application. The platform provides a template for obtaining transaction data for feedback information.
Enhance pricing module: A specific price setting can always be considered by the users according to their needs. It provides the template for mentioning a transaction contract for price setting conditions. Designing a series dynamic price are based on different factors such as rental durations and the low rental seasons.
Features of GSENetwork
GSENetwork is not initiated to be a representation of any legal tender be it bond, debt instrument, security or any kind of financial outlay.
GSENetwork can never be interchange for cash or its equivalent no matter the circumstances and is strictly non-refundable
The GSENetwork cannot represent a debt owned by the foundation, while concurrently there is no profit expectancy
Conclusion
From our discussion, you have been able to learn how GSENetwork will improve the user’s network and envisage the growth and revolution of the global sharing economy to create an symbiotic network of users and providers.
For more information check these links
Website
https://gse.network/
Whitepaper
https://www.gse.network/static/media/whitepaper.pdf
Written by
Ebykamsiokoro
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