An insight about the GSE NETWORK ICO


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Overview
Incredibly, the economy of the world keeps booming irrespective of various challenges with multi-billion dollar business constantly executed daily. Firms like Amazon, 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. It stimulated an upsurge of community-sharing propelled by business-to-business (B2B), peer-to-peer (P2P), and business-to-consumer (B2C) needs in the search for new and better experiences. However, several problems still persist despite the rapid development of the sharing economy thereby reducing its potential. The major problems that needs to be urgently addressed that are limiting the growth of the global sharing economy include the trust gap, high intermediary costs, a fragmented and monopolistic landscape and the lack of risk relief. GSENetwork aims to completely revolutionize the global sharing economy to facilitate the creation of an independent network of providers and users.
CHALLENGES ROCKING THE GLOBAL SHARING ECONOMY
• The issue of 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.
• Recently, having access to the sharing of 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)
• Unauthorized 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.
Uniqueness of the platform
Basically, GSENetwork objective is to develop a decentralized trust system for the sharing economies incorporated with blockchain technology.
Great emphasis are placed on the global sharing economy, the project has endorsed a medium to create a decentralized trust network to tackle the menace facing the issue of trust which directly has limited the rate of development and expansion of the sharing economy. The GSE network will aid the interaction of every user, service or asset at different parts of the world.
The platform utilizes to the fullest blockchain technology as the enabler which propels the seamless exchange of value through a decentralized medium, eliminating the need for a dominant intermediary. Undoubtedly, the unique benefit of blockchain technology is its ability to power software applications including the smart contracts, in a decentralized and secure peer-to-peer network that is not managed by a dominant party making transactions easy and fast to execute.
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TOKEN DESCRIPTION
The project has an awesome incentive with the creation of a token which is referred to as GSE. The system will generate a certain amount of token at a regular interval. The process is influenced by two major activities in the system: first, the participation of users in the Green Mining activities, while the other is the nodes’ involvement in accounting operation. In each specified period, the generated token will be shared among these two categories of users depending on certain proportion. GSE serves as the medium of exchange on the GSENetwork as well as providing the economic benefits which will be utilized to encourage stakeholders to contribute their quota to the growth and development of the platform. By 2019, it is expected that the platform would have undergone several transformations such as the Launch of the Public Chain, Mapping of ERC-20 to GSE Public Chain, Launch of Wallet 4.0 to provide support for DApps and the total migration to GSE Public Chain.
The GSE tokens are currently being traded on https://gate.io/
FOR MORE INFORMATION KINDLY ACCESS THE LINKS BELOW
Author's gafman
Name: gafman
Btt username
Dulowegner
Btt profile:
https://bitcointalk.org/index.php?action=profile;u=1903236
Eth Address
0xfCEFd2dC38a745646e1f778A62e19a5cbdf2eF5c

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