Millions of dollars are being pumped into blockchain technologies as I write this. What used to be a buzzword, an unknown entity that powered weird digital currency, is now taking off across the globe.

There are many factors that contributed to its rising success over the years, but one in particular should not be missed — and that is the role shared economies like Uber and Airbnb played in generating global trust.

Uber is a supercharger of trust

Trust is a peculiar thing. Some of the world’s greatest advancements are thanks to a mutual trust in something that doesn’t even exist. Money is one example — people trusted that a little hunk of metal was was deemed as valuable to each other in order to pay for goods and services, but without that mutual trust; that money is only worth the metal it’s made from.

That’s what Airbnb and Uber did for us, but instead of saying that we can all trust that a piece of metal is valuable, they said that we can trust each other to share our own goods and services with each other.

Fast forward a few years, and now we have a market that trusts each other more than ever, and a market that is totally convinced in sharing personal goods and services.

That’s where blockchain technology comes in. Now, we can more safely assume that the market is ready to share personal data with each other, and as a byproduct, between other entities like businesses — using our very own devices to be the mediators.

Once the concept caught up with the market, investors came knocking. Soon, the public will be too — they’ll use apps powered by blockchain technology without a second thought, after going through years of gaining trust with other technologies that bring about shared benefits.

That’s why we started a database for applications that are built on blockchain technology — the data needs to be stored and organized somehow, and there’s no point using dated technology to do so.

Want to find out more? Speak directly with our project team on our open Telegram group today and you can get first access to our white paper.