WONO is a decentralized peer-to-peer platform for exchanging property and services with the main aim of closing the gap between the virtual world of cryptocurrencies and the real world based on Ethereum blockchain and the Interplanetary File System (IPFS).
It has been forecasted by Juniper that Juniper that in 2022, Africa and the Middle East will have about 2% of the distribution of resources with Asia and the rest of the pacific having 5%. Latin America, West Europe and the Central and Eastern Europe will have 5%, 14% and 5% distribution of resources respectively leaving the far East and China with 13% and Indian subcontinent with 4%. The chunk of the remainder of about 52% will lie in the North America.
We believe that this is a poor distribution of resources and that its has to be properly addressed as fewer people will always benefit at the expense of the masses and these points to the tact thay point to the fact that major platforms has been monopolised, there are privacy violations, with exploitation of labour with impunity and unfair competition. Today, shared economies suffer from a lack of trust, the fear of monopolies, expensive middleman fees, and uncertainty in the performance of obligations. This is the reason why we believe in the peer to peer which decentralise the sharing economy with the blockchain paradigm shift.
Aside this, we intend to give users the opportunity to go on freelance or hire freelancers, hire or rent out cars and real estate, trade theatre subscriptions, etc. At Wono, we also seek to formulate horizontally structured market that will disburse income from middlemen to service providers, owners of properties and the entire populace. Wono seeks to ensure trust among market players by creating a transparency and access to information for all parties and therefore ensuring currency exchange free-fees, decreasing international transaction costs and reducing travel and business trip expenses. Finally, we shall solve the problem of taxation within the economy.
Our major targeted markets are the rentals, transportation and services. According to PwC, 6% of the US population have participated as consumers in the hospitality sharing economy, and 1.4% have participated as providers. For instance, according to PwC, 6% of the US population have participated as consumers in the hospitality sharing economy, and 1.4% have participated as providers and besides home sharing and rentals is very much common in the US and all over the globe. It has been established by www.upwork.com that 2017 in the United States, freelancers were responsible for an estimated $1.4 trillion of the economy. If we compare that with 2016. At WONO, we know that blockchain technology will expand the sharing economy further and give a major boost that can be compared to the evolutionary trends of the internet and grant easy and transparent accessibility the of online payments.
We therefore tackle the issues by employing the following strategies. First and foremost, we shall indulge in space sharing. We shall combine peer to peer rentals with the home-swapping concept. Again, we shall streamline transportation sharing by using the Turo/Getaround model where one can hire or rent out a vehicle for any desired duration. Aside this, we shall grant miscellaneous assets sharing by ensuring that users can hire and rent out any assets in their possession (e.g., gym memberships, gadgets, instruments). And finally, promote services sharing by combining the Freelancer/Upwork model for remote jobs and TaskRabbit for micro jobs.
https://wono.io/