This Project Is Going To Change The Sharing Economy
´The Internet had its genesis as a tool for sharing information, and its earliest iterations served only select scientific and military communities. Over time, it became the World Wide Web, incorporating the power of peer-to-peer networking. It’s not just information that’s shared today – it’s just about everything. It might be a ride across town, or across the continent. Travelers share their homes, investors share their ideas and anyone with high-value assets or skills is able to make them accessible, for a price, to a global marketplace – as part of the sharing economy. However, the sharing economy is not yet interconnected. Every industry has its own central node, its own rules and mechanisms, its own user information and transaction information. This current state of affairs is against the original principle of sharing everything and connecting everything.'
Above state is quoted from the Whitepaper of the project we are talking about today.
We all know Uber and AirBNB - one of the biggest platforms that provide their services to the sharing economy. These platforms are huge, simple to use and have millions of transactions per year. You simply download a 'sharing-economy app', connect your creditcard and you are ready to go. Ready to be a part of the sharing economy where people share their homes, bikes, skills, boats, cars and even clothes. The sharing economy is about monetizing what you own or using something you not own. The owner makes money, the user saves money by not owning anything.
Although, as always, good things have a downside. The current sharing economy is driven by big boys. The euphoric thought of easy-to-use platforms gave them so much power, that the entrepreneurs or owners depend on the platform they use. If you are not part of the platform you are not a part of the sharing economy.
For example, Uber-drivers pay up to 30% of their earnings to Uber. When the taxi driver accepts a ride, he (or she) does not know what the earnings are, in fact they do not even know where the trip is going to until you step in the vehicle. Uber set the rules, not the entrepreneur. This created a strange level of power. Uber drivers are independently, but without Uber, they do not have work. It is false independency. And that is strange because the sharing economy is all about freedom and wealth creation.
Another problem in the sharing economy is that it is extremely diversified. For every little use case, there is an app.
Uber - Taxi's
Homes - AirBNB
Peerby - Stuff
DogVacay - Leave your dog with a host
TaskRabbit - Jobs
Every platform has an App, own interface, development team, marketing budget and database. Besides the fact that all these operations cost tremendous amounts of money, your data is literally on the streets. If there was one safe protocol, where all services come together that gives the power to the people without intermediaries. Everything will be better, right?
We found a blockchain project that aims to reduce overall operating cost, increase marketplace efficiency and boost ROI of product & service providers in the Global Sharing Economy & Peer-to-Peer ecosystem. The project we are talking about is ODYSSEY (OCN).
So, why do we think ODYSSEY can be the next big thing?
We are researching blockchain projects every day. But, sometimes a project stands out:
1) The real-life use case is valid
2) The project has a great team
3) The projects are scalable and have partnerships already
4) The marketcap is low
5) We combine these pillars with the amount of Buzz
ODYSSEY has a proven use case with major demand around the world. The team proved they are able to lead companies and has senior advisors. The project is extremely scalable: the total sharing economy is forecasted to be 335 billion dollars in 2025. The project already has partnerships with oBike and TRON (TRX).
Next, to these facts, the community is huge (48.000 followers on Telegram / 88.000 followers on Twitter) and they create a lot of Buzz. The project has a relative low marketcap, is not trading at many exchanges yet and the hype not started. In this specific case, all indicators give us ´green light´.
Okay, convince me, tell me more about the project
ODYSSEY aims to be the decentralized blockchain protocol for the sharing economy. With Odyssey, everybody can independently be part of the sharing economy with the favours of the blockchain:
- Everything can be shared in one blockchain protocol; cars, bikes, rides, boats
- Data is stored on the blockchain safely and belongs to you, instead of the service providers
- The user, service provider and contributors to the protocol receive incentives
- One rating system for the entire blockchain; and so all sharing economy products
- Non-monopoly; everybody can participate
As we stated before, the current sharing economy is powered by huge middlemen like Uber and AirBNB, with an extreme level of power. In a situation where the sharing economy is decentralized, the power is to the people. People and companies can easily monetize their sharing-products simply plugging in on the ODYSSEY protocol. ODYSSEY will create a sharing economy without intermediaries.
The team consists of some serious people who know how to do business.
Yi Shi also founded DotC (known from Avazu; an online advertising platform), that he sold for 300 million dollars. Yi Shi is mentioned several times by Forbes Asia's 30 under 30.
Justin Sun, the founder of TRON, is involved in the project as an advisor.
Aaron Ton, CEO of Carro, the biggest car marketplace in South East Asia, is an advisor to the team
Samuel Chan VP of Temasek, is an advisor to team
Lijie Wang former VP of ING and founding partner of PreAngel Fund is an advisor to the team
We dare to say, there are definitely some seniors aboard of the project. And as we know, seniors bring a valuable network, a lot of knowledge and leadership into a project. This gives ODYSSEY a high possibility to accomplish their goals.
The token of ODYSSEY, Ocoin (OCN), is already integrated into the oBike App. oBike users can rent thousands of bikes, drive it and put it back wherever and whenever they want.
Even this is maybe a small project, it gives Ocoin real-life use case and that is really important to blockchain projects.
The partnership with TRON is about enabling cross-ecosystem collaboration what will give ODYSSEY a huge use case as well. Besides that, rumours hint that ODYSSEY will be the Super Representative to TRON. More about this rumour can be found over here.
Before October 2018 ODYSSEY will launch their credit-based universal protocol and rewarding mechanism. The ecosystem will be completed in 2019. At the end of 2021 ODYSSEY will be fully functional.
So, what do we think?
The team of ODYSSEY is highly skilled and ODYSSEY is a protocol with a huge scalable use case. The sharing economy will grow to 335 Billion dollars, what creates a lot of market potential. The marketcap of ODYSSEY is, with 62 million USD, relatively low. When this project gets mature we think it is plausible that this token will be a 1 billion dollar token in 2018. Easily.
Investments in cryptocurrencies are risky. We promptly advise you to not invest any money you can't miss. ONLY INVEST MONEY YOU ARE WILLING TO LOSE.
You can find the fundamental report about Odyssey over here.
oBike: real life use case
Trades on: Huobi
Trade up to: 0.035USD
Current price: 0.032USD
Token sale price: 0.0119USD