What Is SmartShare?
Smartshare is a decentralized network protocol that uses blockchain technology combined with smart contracts to quantify and evaluate the value of everything shareable within the network. This helps in realizing exchange of sharing value. The emergence of Smartshare as a value sharing protocol will improve the expansion of popular fields like IoT and the sharing economy.
Smartshare provides an SSP-based Smartshare protocol that is open and transparent so that it can be applied in the sharing economy. The application utilizes the blockchain technology to make progress in decentralizing sharing of individual values.
Problems Solved By SmartShare
The adoption of IoT technology makes decentralization in this era accelerate at a higher speed. There are billions of people and devices, which are well connected by the IoT in a manner that is point-to-point, thus making a huge sharing economy. IoT makes everyone the producer and the consumer of the data, thus each activity that happens is a form of cooperation making the community global.
A large number of resources go to waste because the shared value of the smart terminal is hidden. The reason is that these resources lack a universal value standard marketability.
There is no universal protocol—there has been an attempt to eradicate the pains of the current sharing economy, lack of protocol in between the chains makes the shared value a non-negotiable one.
The mechanism of the shared value is not flexible, as various participants have different requirements on the way they share. It is not possible to universally promote the existing mechanism.
Additionally, there are a few resources and making the best use of them is a crucial step to protect our motherland and us. Currently there are enough resources, but they are not being used maximally. The Smartshare platform seeks to reduce the waste of resources by promoting co-operative sharing.
This means that all terminals will be part of the sharing economy thus benefiting the receiver and the sharer. The Smartshare platform will solve the problem of resource wastage due to the information asymmetry by using the technology into a virtuous circle that utilizes the resources fully.
SmartShare Blockchain Crypto Exchange System Goals
Smartshare seeks to use the features of the blockchain system such as disintermediation, decentralization, timestamp, and trust-free smart contract. The features will be used as a foundation of a sharing economy in which a trustable, open send distributable protocol for value sharing will be established.
Smartshare also focuses on the generally shared protocol and is connected in bits with the applications and devices in the sharing economy. Also, Smartshare seeks to use IoT and big data to achieve the best usage of efficient resources thus creating the best-decentralized sharing community.
About The Founder Of SmartShare
The Smartshare founder and co-founder is a holder of Masters Degree in engineering from the University of Chinese Academy of Sciences. He is a former researcher in the China Academy of Telecommunication research and in CAS. He has founded several other startups including Qiandai and KuaiHui in addition to being an investor in the blockchain sector.