Technology has advanced at such speed that it has created an impact on our lives and simplified our pursuit for a higher quality of life.

For example, Uber has transformed traditional taxi services for commuters; Airbnb has opened up a whole suite of alternative travel experiences and accommodation options for travellers that hotels are unable to offer; ofo, the world’s largest dockless bike-sharing platform has created a demand for last mile transportation that didn’t exist before.

We’re in the midst of the Web 3.0 revolution. Economies are making the transition to remove central points of control. We are seeing the rise of blockchains, interoperable applications and most importantly, consumers who are demanding control of their data. The revolution will bring about opportunities and challenges, and GSENetwork is designed to address one of the urgent problems — a disconnected integrity of trust between the digital and real worlds.

GSENetwork is a transparent and secure trust network for decentralized economies. It is able to achieve transparency and security by piecing together on-chain information in a decentralised manner to give a tangible value to trust, fabricating an interwoven trust infrastructure for digital economies.

One of the key areas where trust gaps manifested in the digital era, is the global sharing economy. According to a report by PWC, the sharing economy is estimated to grow to $335 billion by 2025. The sharing economy has been growing rapidly due to digitalization, which has led to key issues such as the lack of trust. This gave rise to intermediaries that serve to facilitate different platforms in the sharing economy by verifying users’ identity using their social media profiles. Hence, trust has become a valued commodity that facilitates transactions in the sharing economy.

Recognizing its rapid growth and wide integration globally, we have identified the sharing economy as our launch pad. As part of a pilot programme, a strategic partnership was established with ofo in Singapore in end March this year to implement token distribution using the ‘Green-Mining’ mechanism — a revolutionary token distribution mechanism that allows users to earn GSE tokens by utilizing assets in the shared economy. The partnership kickstarted with the “Ride & Earn” programme to incentivize ofo users for their participation within the sharing economy with GSE tokens whenever they complete rides on their ofo mobile app.

Moving forward, our vision is to enable the real-world scalability of a decentralized trust network to bridge the trust gap between real and digital worlds through the following in the following mechanisms:

Leveraging Internet of Things (IoT) technology on millions of smart devices to record a range of interactions, including peer-to-peer (P2P), business-to-consumer (B2C), business-to-business (B2B) and human-to-asset

Adopting a blockchain-enabled incentivization model to encourage spontaneous user interaction with fellow users and assets for a comprehensive ecosystem

GSE is currently listed on Gate.io and have plans to be listed on other exchanges in the near future.

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