Introducing GSENetwork! GSENetwork is a crypto-based project that aims to solve problems in the world of sharing economies. Maybe you are wondering what prompted the creation of GSENetwork, Let's find out in the following review.
Introduction
Drastically, at present, social trends and consumer behavior have changed and are pushing for a new wave of community-driven business-to-consumer (B2C), business-to-business (B2B) and peer-to-peer (P2P) needs in pursuing new and better experiences.
However, it is necessary to note that various problems also arise and limit the potential for rapid economic growth in sharing. These problems include; high intermediary costs, trust gaps, monopolistic and fragmented landscapes and lack of risk mitigation.
Therefore, GSENetwork is here to be a solution to the problem. The GSENetwork aims to exploit the enormous potential of the economy to share and fight for the growth and economic transformation of global sharing to create networks of interdependent users and providers.
What is offered
GSENetwork will create a decentralized trust network for sharing economics based on Blockchain technology.
By focusing on the global sharing economy as a launching platform, GSENetwork aims to build a decentralized network of trust to solve trust problems that have weighed on the growth and proliferation of shared economies. GSENetwork will smoothly connect the interactions of each user, asset, or service anywhere in the world.
How it works
The sharing economy is entering the next phase of growth. The first generation sharing economy formed many new behaviors and benefits to providers and consumers alike - lowering costs of ownership, greater access to assets and services and opportunities for untapped markets.
The next-generation sharing economy that GSENetwork is sculpting can be outlined using the Three Pillar Infrastructure.
1. Decentralized Service (DService)
GSENetwork has established a layer of Decentralized Services (DService) into the architecture above the DPoS Consensus supported by the main chain, the core components of the DService will be implemented as 4 distributed systems:
- Order Delivery System
- Anti-fraud system
- Multi-Dimensional User Profile Rating System
- Price Determination System
As such, all of the DApp sharing economies built at GSENetwork will be able to focus on their core business and the network will support them with a strong distributed infrastructure.
2. Incentive Model
Inbuilt use incentive mechanisms that encourage more chain transactions:
- User
- Basic
- Supplier
- GSE holder
Network participants get rewards for each valid transaction, naturally creating incentives to record more activities on the blockchain. Incentives will be dynamically balanced based on ecosystem activities, with the aim of ensuring fairness throughout the time period.
3. Trust Network
GSENetwork incentives and tokens are designed to encourage more user interaction and to scale network effects.
When the network records more user activity and behavior, it creates a trust profile for each user. This forms the framework that networks and users depend on.
Users will decide the quality and quantity of the data they provide. The more you share, the more trusted your trust profile is, the more incentives you get.
GSE Token
The token of GSENetwork is referred to as GSE. GSE is designed to be used solely on GSENetwork as a unit of exchange for all services on GSENetwork, as well as providing the economic incentives which will be consumed to encourage participants to contribute and maintain the ecosystem on GSENetwork. GSE is an integral and indispensable part of GSENetwork, because, in the absence of GSE, there would be no common unit of exchange to pay for these costs, thus rendering the ecosystem on GSENetwork unsustainable.
Conclusion
GSENetwork wants to disrupt the existing sharing economy that is considered to make consumers and entities unable to interact efficiently. Also, GSENetwork has set a gap to open the way for the economy to share a new generation that is transparent and safe supported by blockchain technology.
Basically, blockchain-based applications can organize, allocate and coordinate resources and activities, and facilitate the interaction of all participants without central arbitration.
GSENetwork features encourage the use of platforms through award distribution. Applying these incentives to new and sustainable businesses will increase the level of participation needed for network growth. Also by eliminating intermediaries, the value of the externalities generated will be redistributed to those who contribute to the creation of its value.
For more information, please visit the link below:
- 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
- Medium: https://medium.com/@gselabofficial
- Reddit: https://www.reddit.com/r/GSENetwork/
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1238604;sa=summary
ETH Address: 0xeF7154A48A81434bf700f4E889672bE84B9eF436
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