Research on the Application of the Sharing Economy Based on Block Chain Technology

Abstract

This paper introduces the application research of sharing economy based on block chain technology, which is divided into four parts. At the beginning, the author starts with the problems and describes the definition of the sharing economy. Then, the problems existing in the sharing economy are discussed, namely, network effect and unsound credit system. In addition, the sharing economy also enhances the harm caused by monopoly. At the same time, once unqualified resources appear on the shared platform, users' sense of use will be greatly reduced, and platforms are easy to go bankrupt. Next, the paper discusses the possibility of using blockchain to solve problems existing in the sharing economy, and describes the principle of using blockchain to solve network effects, as well as the reasons why blockchain can be used to solve the problem of sharing platform: 1. Trust sharing to match supply and demand. 2. Data sharing, providing credit protection. 3. Smart contracts to provide solutions. 4. Permission sharing, revolutionary change. After that, the block chain technology is formally applied in the field of car sharing, here the author creates a fully functional, convenient and fast car networking economy ecosystem based on shared car functions, integrated taxiing capabilities, car networking systems, and so on, as a case in point, to illustrate the advantages of introducing blockchain into the sharing economy. Finally, the author summarizes the above. In fact, it can be seen from the previous content that it is feasible to introduce the block chain into the sharing economy, which can smoothly solve the problems existing in the sharing economy in the market. But at the same time, the application of blockchain technology in the sharing economy scenario also has some obstacles. Therefore, the application of blockchain technology in the sharing economy is desirable, but still needs to be improved.