IoTeX & GSENetwork: Empowering an IoT-driven global sharing economy

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The ownership of assets has consistently been a benchmark for success across the world. Throughout history, the wealthy could afford their own “things” and the poor had to share their “things”. However, today we are seeing an emerging trend that is antithetical, especially amongst millennial, where owning <em>less</em> and sharing <em>more</em> is preferred. This phenomenon is manifested in the sharing economy, which enables peer-to-peer sharing of access to various goods / services (e.g., house, cars, tools) in exchange for money or other goods / services. Augmented by new technology that efficiently connects suppliers and consumers (e.g., Uber, Airbnb, ofo), the global sharing economy is now estimated to be worth $335 billion by 2025.