Akasic Global – Sharing Economy 4.0

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Akasic Global – Sharing Economy 4.0

 

 

Sharing Economy

Perhaps we are too familiar with the phrase Sharing Economy, but, what exactly is it? What is the practical application of it in life? and how is it related to Akasic Global? Let’s find out through this article.

1. What is the concept of Sharing Economy:

“Sharing economy” is a market model mix of ownership and sharing, which refers to a peer-to-peer network based on the sharing of the right to use goods and services to increase the benefits for the involved parties.

There are three main elements that allow the sharing of the right to use new goods and services as well as novel industries. Firstly, the customer behavior of a variety of goods and services is changed from ownership to sharing. Secondly, connecting consumer networks through online social networks and e-markets is easier. And finally, the application of information technology (IT) through mobile devices and electronic services makes the use and sharing of goods and services more convenient.

In addition, the “sharing economy” also allows consumers to share, make the most of the excess resources of each other such as housing, vehicles and utilities instead of the full cost of buying and acquiring new property.

Let’s take a look at some great achievements from Sharing Economy:

  • Uber and Grab (the most famous “taxi companies” that do not own a car) currently have presences at nearly 250 countries in the world and are valued at 40 billion USD.
  • Airbnb – the world’s largest apartment rental company that does not require an existing property, has been operating in more than 33,000 cities in 192 countries and valued at over $13 billion USD.
  • And if anyone has ever been to China, it’s no strange to see the beautiful yellow bikes parked at corners for people to use. China’s largest bicycle rental service Ofo – a typical example of a sharing economy, is currently valued at $ 1.5 billion.
  • Or like in Vietnam: Triip.me – a travel platform connecting customers with local people but does not own a guide. Everyone shares their travel stories through the Triip.me application. (currently this application prepares ICO to call for capital). The current valuation of Triip.me is around 2.5 million US dollars.

2. What is Akasic Global?

A project that fully combines all the best 4.0 technologies and concepts including: Blockchain, Big Data, Artificial Intelligence and, of course, Sharing Economy. So what application does Akasic bring us to the Sharing Economy?

    AkaStore + AkaPay + Akacard (Sharing Economy)

AkaCard: A Card issued by Akasic Global to withdraw cash at ATM of bank partners.

AkaCard in the Akasic Global

AkaPay: The payment gateway allowing people to commerce through scanning QR code

Akastore

A network of fixed stores and mobile stores that accept AkaPay. Akasic Global’s mobile store is like “Uber for shopping on the blockchain.” This is a revolution with the combination of both trends of “Uber-like purchasing” and “cryptocurrency payment”, which are considered as the 2 movements of the future. The more popular cryptocurrency becomes, the more the number of people traveling abroad with nothing but their crypto wallet there is.

All the descriptive text of the moving store will be automatically translated into the default language on the buyer’s device, making it possible for everyone to become a vendor on the Akastore app.

A closed process from the seller to the buyer via the payment gateway lies fully in the Akasic Global ecosystem. With the acquisition of Bigdata from Akamess (social networking application) and Aktrade (cryptocurrency exchange application) combined with the Sharing Economy of Akapay, Akacard and Akastore, we can see Akasic’s ambition of achieving a sharing economic market estimated at $500 billion USD is really something for investors to be interested in.

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