HomeBlockchainThe Sharing Economy as a solution against Covid 19

The Sharing Economy as a solution against Covid 19

In a world literally devastated by the outbreak of the Covid 19 pandemic, which has practically frozen the world, it is necessary to rethink many things that until just two months ago were part of our daily habits, including, for example, the Sharing Economy.

The effects of the Coronavirus will be disastrous on the world economy and in order to get out of it, as experts say, it will be necessary to find new forms of business since many traditional activities will unfortunately be wiped out. 

There is no doubt, in fact, that many sectors of the economy will have to reinvent their business model in order to survive. 

For this reason, as is often said, every crisis also brings with it new opportunities. Whoever stops is lost, that could be the motto that best suits such a destabilising situation as the one we are living in. 

Technology certainly plays a decisive role in helping all of us in this very difficult phase. Smart working and distance learning are two simple examples of how technology can be a fundamental part of carrying out activities from home.

On April 5th, the World Economic Forum (WEF) released a report in which it openly stated that blockchain and digitization would be the right solution for data tracking and monitoring of supply chains in order to survive crises like the one caused by Covid 19. 

And yes, for when it comes to privacy and data control there is no doubt that blockchain is the most reliable and secure technology. There are many situations in which it could help in dealing with the ongoing Covid 19 emergency. Just think of its uses in healthcare, with the immediate secure and traceable monitoring of patients’ health data or for tracking the movement of people who tested positive. 

Even in the insurance and financial field, the blockchain could be of great help to carry out transactions quickly and safely, something that unfortunately did not occur in the case of the subsidies that the Italian government had promised to companies and businesses.

The fact that the blockchain could also be an opportunity to earn money for those who, due to this crisis, found themselves without work or in serious economic difficulties is still rather unknown. 

In contrast, it seems that the Coinshare platform, born as the first revolutionary social commerce sharing platform completely on blockchain, is also able to offer an important earning opportunity, as explained by the founder Luigi Maisto

“Our initiative is not only an incredible opportunity to save money for all those who sign up, but it also offers the great opportunity to receive digital currency for every single operation carried out, and to be able to earn money from a sharing economy activity, in a simple, easy and very interesting way from a remunerative point of view. All it takes is a bit of willpower and entrepreneurial spirit and it is possible to create an autonomous activity complementary to one’s own activity, to eventually make it perhaps one’s primary activity”. On the other hand, The Sharing Economy might be the solution to get out of capitalism, which has been undergoing a crisis for more than a decade now, as Jeremy Rifkin, the visionary American economist who has become a sort of guru of the new digital economy, discussed in 2016. The solution to climate change, to the struggling ecosystem, to the unbalanced distribution of wealth, as well as to an economic crisis that has been unrelenting for years, lies in The Sharing Economy, the economy at zero marginal cost. It is an economy based on the Internet of things, the only solution that can, in a short time, save the human species, which otherwise might not see the end of the century”. 

Such prophetic words have to be said, at a time as dramatic as the one we are experiencing today, in which the digital and the sharing of things and relationships are becoming ever more fundamental, and could be one of the keys to overcoming the serious systemic crisis that has broken out. The basic idea of the founders of Coinshare is based on The Sharing Economy, which, however, in addition to the saving aspect, through sharing also promises the possibility of earning digital money. 

For every purchase made on the platform, users receive in exchange a percentage of TCJ, the token of the companies listed on the main cryptocurrency exchanges. 

The concept is quite simple and provides the possibility to enter a circuit of about 1500 companies, where you can make your purchases both with physical currency and with the TCJ token of the company, each purchase involves a percentage return in digital currency, with the mechanism of cashback and the possibility to earn money from the purchases of other members, following the philosophy of The Sharing Economy

On top of that, for those who want to, it is possible to follow a training path to achieve a full understanding of the use of the system and on how to create additional income.

In short, thanks to blockchain, this innovative platform allows entering a virtuous digital ecosystem, where making everyday purchases or even simple networking operations that everyone makes, gives the opportunity to save and earn credit in digital currency. 

Earning 600/1000 euros of counter value in digital currency seems to be something within everyone’s reach, all it takes is a bit of commitment and confidence in what will probably be the future of the currency, which is digital because, as the founder of the platform Luigi Maisto says with conviction:  

“It is absolutely inevitable that in a few years time, digital currencies will completely replace physical currencies. And this crisis will only accelerate the process”. 

Vincenzo Cacioppoli
Vincenzo Cacioppoli
Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog. mediateccando.blogspot.com, he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.