GSE NETWORK: REVOLUTIONIZING THE GLOBAL SHARING ECONOMY

The Global Sharing economy is a fast growing multi-billion dollar business. Firms like AirBnB, the global accommodation matchmaker, and share a ride company Uber, have demonstrated that global sharing is both a viable business model and a lucrative one. For example, AirBnB founded in 2008 with over one million listings in more than 190 countries has become a $20 billion business by enabling peer-to peer sharing of properties. This global nature of the sharing economy has allowed many online peer-to-peer (p2p) services such as Uber and Airbnb to expand in international markets. The rapid growth of the sharing economy over the recent years has created endless possibilities for sharing in many parts of the world. Today people are willing to share everything from their homes and cars to skills and knowledge. Advancement in technology, internet connectivity and social networks has fueled a collaborative environment with extensive reach among people. However, the sharing economy platform is being plagued with challenges such as high transaction cost as a result of use of middlemen, trust issues, lack of risk mitigation to mention a few. To solve the above mentioned challenges hindering the growth of the global sharing economy, a platform named GSENetwork was birthed.

GSENetwork is a platform which leverages on blockchain to create a decentralized network which proffers solutions to the factors hindering the growth and development of the global sharing economy. The system aims to connect service providers and consumers directly with one another, eliminating the interference of middlemen and intermediaries.

CHALLENGES OF THE GLOBAL SHARING ECONOMY
• Trust is a crucial factor for sharing economy’s success. It requires people to trust other individuals in the society in order to exchange goods and services among each other. However, not all cultures have the same level of trust with hiring and paying strangers. Some cultures are also not comfortable with bypassing the ‘middleman’ authority for services, which is the key benefit gained from p2p services.
• Presently accessing the sharing economy platform requires going through intermediaries in form of centralized platforms for example uber platform charges 20% while consumers pay 10% on every completed ride. These fees are exorbitant and not usually convenient for both parties (Drivers and consumers)
• Inappropriate and centralized storage of data provided on some sharing platforms making such datas prone to leakages and hacks, also such data may be utilized by other companies without the consent of the user

GSENETWORK SOLUTIONS
To ease the above mentioned bottlenecks and many more, GSE has proposed a new generation sharing economy using the following three pillar infrastructures:
• Decentralized Service (D Service)Platform: This entails provision of robust distributed service infrastructure to support sharing economy business. Components of this include: order dispatching system, anti-fraud system, multi-dimensional user profile rating system and transparent pricing system.

• Incentive Model: This features a mining approach (Green mining) for tokens through users of then GSE Network. GSE intends to partner with ofo, (world’s largest bike-sharing platform) to launch the “ride and earn” campaign. Users of ofo will be able to earn incentives in form of GSE tokens whenever they ride bikes. This will motivate and encourage them to participate in the global sharing economy, thus promoting and adding value to the GSENetwork.

• Trust Network: In order to establish amongst participants, GSENetwork makes use of fingerprint scanners, GPS and other internet of things (IOT) indicators to verify the authenticity of every user of the network. As a result, authenticated users would have a trust value, which can be affected by their actions on the Network. Also, data supplied on the network by users will be decentralized and users would have full control over their data and decide how they are shared and utilized.

TOKENS
Token to be used on the platform is known as GSE tokens, they are an integral part of the GSE Network in that they power and fuel the activities of the ecosystem. GSE tokens serve as the means by which services are paid for on the GSENetwork ecosystem.

The GSE tokens are currently being traded on https://gate.io/
For more information about GSENetwork, kindly visit:
Website: https://gse.network/
Whitepaper: https://www.gse.network/static/media/whitepaper.pdf
Telegram: https://t.me/GSENetworkOfficial
Facebook: https://www.facebook.com/gsenetworkofficial
Twitter: https://twitter.com/gselabofficial
Bounty Thread: https://bitcointalk.org/index.php?topic=4806091.0
Writer: Crypto4ruby
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350
ETH Address: 0xD99EF6C53409b43020BA0427e24b8682af8A9A59