Part 01| Introduction to the WONO Platform
Introduction; what is sharing economy?
The definition of the sharing economy is continuing to create interesting debates on what transactions fall within this concept with others arguing that the term is misleading. ‘Putting the sharing economy into perspective’ publication of 2017; Koen Frenken, professor in innovation studies at Utrecht University, and Juliet Schor, professor of sociology at Boston College, defines the sharing economy as end users granting each other access that is temporary to under-utilized physical assets (idle capacity) majorly for money. According to them sharing economy is can be defined by three attributes; consumer-to-consumer interaction, temporary access and physical goods. Socio-economic ecosystem of sharing economy is built around sharing both human and physical resources inclusive of shared; creation, production, distribution, trade and consumption of goods and services by different people and organizations. This economy involves countless and varied services and business blueprints branching out from the following original core groupings of services:
o Accommodation
o Transportation
o Services
o Finance
o Goods
o Software and digital entertainment
The rising global value of sharing economy
As noted, sharing economy has generated enormous wealth due to the introduction and breakthrough of digital platforms and mobile applications in the recent years. The proliferation of these platforms has been the primary driver for the momentum in collaborative consumption in recent years. Although it is relatively new concept in several countries, it is prevalent across the globe in the form of peer to peer, ride sharing, accommodation sharing and renting household items.
Globally, the sharing economy has been estimated to grow at CAGR of 139.4% and reached US $115 billion by 2016 from US $3.5 billion in 2012. In 2015 PwC estimated that the sharing economy in 2014 generated a value of $15 billion compared to a value of $240 billion generated by traditional economies of the same sectors. Forecasts anticipate that by 2025, that amount is expected to reach $335 billion, which is equivalent to 50% of its total value. PwC found through their research that 44% of US consumers are conversant with the sharing economy and 9% are providers in the sharing economy ecosystem. The percentage of the US adult population who have engaged in the sharing economy transaction is 19%.
SO, WHAT IS WONO ?
WONO isn’t just a blockchain-based Craigslist but it is a decentralized peer-to-peer(P2P) platform for exchanging property and services. Based on the Ethereum blockchain and the Interplanetary File System (IPFS), this platform and the community are completely decentralized which limits the need for intermediaries. WONO aims to join the booming sharing economy industry by addressing the current pain points which deter the sharing economy from achieving its full potential. These are high commission fees, lack of trust and monopolization.
WONO provides the platform for hire and rental of tangible and intangible assets, ordering and offering services based on Ethereum blockchain and the Interplanetary File System (IPFS). The project’s goal is to provide an environment for a convenient and effective exchange between users with minimal transaction fees, irrespective of location. WONO represents a new era of economic P2P interaction based on transparency, decentralization, mutual trust and inclusive decision-making by members of the community.
The WONO business model significantly edges its competitors in the blockchain project as none of them deal with both physical assets and services. WONO offers a deal type that could be direct, trusted, back to back or a chain of deals with an insurance on deal cancellation. It also provides automated and open arbitrage. Origin Protocol Commodities and property, the closest scoring competitor, only provides direct deals and proclaiming to offer back to back deals but these claims cannot be substantiated. Their arbitrage system is also claimed to be open and not automated. Other competitors such as Bee Token realty and Develop[crypto] freelance still have a long way.
I believe that blockchain technology through the WONO platform will change the sharing economy for the better. Leading experts on shared economies requires of a modern platform to be able to; make exchanges simple, earn stranger trust, and develop a global P2P market; employ novel technologies to assist in improving interactions among real world users; Indulge qualified customers; wipe to the minimum middleman commissions; reduce costs in multi-currency and international transactions. In retrospect, the WONO platform is specifically built to implement these expert suggestions.
WONO offers a fully transparent asset rating system, refutable community member ratings and the most excellent mechanism of compensation payments based on crowd insurance. WONO is therefore projected to play a major role in the fast evolving sharing economy.
Initial token offering facts
Token WONO
Price 1 WONO = 0.5 USD
MVP/Prototype Available
Platform Ethereum
Accepting ETH
Soft cap 5,000,000 USD
Hard cap 20,000,000 USD
Country Malta
Whitelist/KYC KYC & Whitelist
Below is a introduction video on the WONO platform.
For More information about WONO project, here are the social links.
Website : http://wono.io/
Whitepaper : http://wono.io/assets/i18n/en/wp.pdf
Facebook: http://facebook.com/wonoworld
Twitter : http://twitter.com/wonoworld
Linkedin :http://linkedin.com/company/wonoworld/
Reddit : http://reddit.com/user/wonoworld
Telegram: http://t.me/wonoworld
Github : http://github.com/wonorepo
| Username Jiraiya |