Introduction to ‘The Recharge’ : Decentralized Incentive Hub for Electric Power Based Ecosystem
New Era, a new paradigm of economy
Companies constantly look for new means of production while the choices made by the consumers expand and evolve the free market. They also find ways to overcome the barriers created from the collected data and accessibility via outsourcing, which creates new trends and technology. Among the various fields, the “Sharing Economy” has been in the spotlight due to its rapid growth.
The Sharing Economy focuses less on ownership and more on the idea of sharing and borrowing, hoping to lessen the use of disposable items while strengthening renewables. Especially with the rise of single person homes, smart spending, and the extended pandemic, the consumption paradigm has shifted, impacting the current traditional way of shared economy for both individuals and enterprises. To add to this, with global warming becoming more of a serious issue, the international responses to environmentalism have also been accelerating the shared economy platform.
For instance, extreme weather, food supply disruptions, and increased wildfire are the effect of climate change caused by the excessive emission of Carbon Dioxide and people are now well-aware of the fact that Carbon emission has far-ranging effect on their everyday life. With the experience of changes on everyday life, government and consumers started to make more environmental decisions. Cars with combustion engines are less favored than Electric Vehicles (EV) and as a result, we see the rapid increase of consumer’s needs on EV and EV related services these days. Governments in major countries have already decided to mandate “most new cars must be electric by 2030” and started to subsidies Electric Vehicle related services and platforms such as EV charging stations.
Services derived from this trend have already been activated and utilized in major markets such as the US, Europe and Asia and they have been finding their places throughout the generations. For example, a major sharing service in the lodging industry is Airbnb, while the transportation industry has Uber. In addition, the global development of the internet infrastructure and IoT along with various wireless internet technologies in conjunction with the increasingly diverse needs of consumers have evolved traditional offline services into new areas. The combination of GPS and IoT services along with the shared economy has created shared offices, automobiles, parking spaces, lodging, and even shared laptops, bicycles, and many more services for various platforms to meet consumer’s needs. On top of this, consumers started to lead a new trend called“ environmental-friendly sharing economy” with further electric power focused approaches.
The beginning of The Recharge
The Recharge aims to encourage re-use of energy for long term sustainable ecosystem that brings positive effect on environments and blockchain world while providing sharing economy experience powered by IoT technology. It is designed to circulate on its own with minimized intervention from centralized while providing constructive blockchain ecosystem.
With its highly compatible concept, if electric, any platform, and partner can be plugged into the ecosystem to build an environmental-friendly blockchain economy. The Recharge team are planning to integrate more ecosystem partners to help boost its virtuous circulation with extremely tightened token supply not to harm its constructive expansion. We are currently working on two main service integration until the end of 2021, and we will unveil once the time comes!
