THE SHARING ECONOMY PLATFORM and THE EMERGENCE OF WONO

1.The recent situation…

The needs of having a tool and system in servant for the directed payment method are increasing remarkably as the result of 4.0 Revolution. It is when WONO being invented as a convenient platform in which the transaction in the variety of activities in the real life are aided to occur smoothly. The market place encourages the appearance of The sharing economy

2. The achievements of The sharing economy:

The current condition and prospects for the sharing economy: Day by day, sharing economy gains the popularity because of manipulating the function of the core groupings of services such as Accommodation, Transportation, Services, Finance, Goods and Software and digital entertainment, (etc). Using decentralization technologies creates the convenient business environment for the entrepreneurs to exchange the opportunities. From then, the businesses may increase their amount of profits all together due to taking advantages of the decentralization platform. In 11 years from 2014 to 2025, it is seen the giant rapid growth jumps in their total value under using Sharing economy platform compared to the traditional economy’s growth rapid which is becoming behindhand. In particular, in 2014, by manipulating this new platform in business environment, the entrepreneur generated the value of 15 billion dollar and this number rise is predicted that it will increase up to 332 billion dollar in 2025. Moreover, it is reported by the PwC( Price water house Coopers) that consumers are getting more and more familiar with using the sharing economy ecosystem with about 44% US residents, obviously, this number reveals a brilliant future for this economic platform. Some of the most well-known business using Sharing economy platform: Airbnb, Uber, Grab.

3. Some existent drawback of The sharing Economy:

It is partly believed by the experts that this platform still contains the issues that prevent the customers from using Sharing economy. First and foremost, the P2P( peer-to-peer)  Economy offers too high commissions for the middleman that decreases the effectiveness in transaction between suppliers and customers, furthermore, the problems of platform monopolies and privacy violations are not tackled thoroughly.

4. The emergence of WONO:

In this situation, the emergency of WONO in the P2P ecosystems turns out to be an ideal solution. The significant advantages  should  be mentioned of P2P ecosystem is that the WONO are established as the bridge between people in the real world through a virtual platform, raising trust among the market players in the background of an ideal transparency and informative access on the transaction, reducing the fee and taxation in sharing economy thanks to the WONO’ tokens.

5. Conclusion…

In conclusion, this essay generally supplies the foundation information of The sharing economy system which is now updated as The sharing ecosystem which has more prominent and more reliable functions. The most crucial part in this lecture is to introduce the launch of WONO project in order to take the WONO concept closer to the suppliers and customers. Moreover, WONO is the representative for a share economy ecosystem with the key successful criteria such as transparency, high level-trust and responsibility.

Disclaimer:
This article was created in exchange for a potential token reward through Bounty0x

This content publishing and intellectual rights of articlet freely over to: wono
Writen by a member bounty0x  @bathu89