Blockchain Tech and the Wizardry of Sharing Economies
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....
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File-sharing services have faced a ton of scrutiny in recent years, as public opinion on these platforms is generally positive; these services are perfect for sharing illegal content among Internet users. About a decade ago, warez sites were a pain in the neck for government officials around the world, but that period came to an abrupt end a few years ago. By the look of things, file sharing services won’t be around for much longer either. Gone are the days where platforms such as Napster, Bearshare, and Nucleus were the favorite file sharing applications on the Internet. More recently,....
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....
Sony is looking to leverage blockchain and its secure properties by developing a blockchain-based technology that establishes secure open sharing of academic proficiency and progress records through encrypted transmission. Sony Global Education (Sony GE), a company with the vision to offer new innovative educational services to people around the world has today announced the development of a blockchain-based technology for the educational system. The technology looks to usher in a new educational infrastructure system that will enable the sharing of academic records over a distributed....
Rentible.io, a next-generation proptech platform aiming to advance the move towards a decentralized sharing-economy and making blockchain use-cases in its respective sector more mainstream-accessible, has passed yet another milestone with the release of its novel deposit smart contract. The platform, aimed to be launched in Q4 and which will make it possible for tenants and landlords to conveniently send and receive rent payments in different cryptocurrencies with increased privacy protection while optimizing outdated market verticals via the deployment of DeFi principles and....
Blockchain tech will allow small businesses to collaborate as never before, reducing the power of big business to dictate terms.