How Cryptocurrency Could Change the Sharing Economy
Grassroots efforts have defined much of recent technological history. Whether we're talking about file sharing via BitTorrent, disrupting money via bitcoin, or even the emergence of the web itself, innovation has often trickled up, rather than down. Even some of the companies that dominate today's Internet started small, and gained traction quickly. Could the next generation of sharing economy companies do the same, backed by cryptocurrency-like tokens? The sharing economy. The sharing economy is a potentially huge development. Also sometimes termed 'collaborative consumption' or 'the....
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Anyone in the world can take their financial futures into their own hands right now. Not just in terms of deciding whether or not they want to remain an employee or become their own boss, but also whether or not they can play a role in the sharing economy. Every person on this planet can do or offer some product or service that other people want or need,....
By aligning hosts and guests in a shared marketplace, decentralized platforms will make good on the promise of the sharing economy. Anybody who uses Airbnb knows that the company is resting on its laurels as the first mover in the home-sharing economy 1.0, but its dominance rests atop exploitation of the hosts and guests that are actually doing the sharing and creating the value. The guests pay too much and the hosts are paid too little. The resulting situation is akin to feudalism, rendering hosts as serfs who rent out their homes, keep things clean, deal with guests, and do the actual....
There is much untapped potential for digital cryptocurrencies and blockchain technologies. Both have not scratched the surface of the “sharing economy. The sharing economy is a form of economic interaction that relies on collective resources, modern communication outlets, and a distributed network of information. It is the apotheosis of shared resources....
Keeping in mind how there is so much focus on the mobile ecosystem right now, it only makes sense for La’Zooz to release their smartphone app on Android. But this is not your everyday run-of-the-mill application, as its purpose is to introduce ride-mining to gain critical mass in the sharing economy movement. The number of use cases for blockchain technology is virtually unlimited, and it is very positive to see some companies trying to integrate distributed ledgers into different business models. La’zooz is a company digital currency enthusiasts have been keeping a close eye on, and they....
The biggest champion of cryptocurrency in social media, Chingari, is now offering an income stream to millions of creators and users of its short video sharing app. India’s TikTok clone has just announced that its GARI Mining program is now live, meaning creators and users of the platform have a way to earn cryptocurrency from doing what they love – creating funny videos, watching them and sharing their favorites with other users. Under the program, Chingari users will be able to obtain rewards, paid out in $GARI tokens, by completing a range of daily activities such as logging into....