Smaller firms in the sharing economy can find it difficult to compete with established, centralized platforms. A blockchain-based protocol plans to change that.
The sharing economy’s potential is massive, but firms in this burgeoning space often struggle to survive unless they have a sizeable war chest like Airbnb and Uber.
Now, a new blockchain-based protocol says it is aiming to tear down unsustainably high barriers to entry that are stopping startups from flourishing. The TimeCoinProtocol provides a platform so that fledgling projects can build a sharing economy service. The team behind this new concept also believes it can solve some of the biggest challenges in the gig economy.
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https://cointelegraph.com/news/blockchain-protocols-bold-plans-to-shake-up-the-sharing-economy