The Great Recession started when Lehman Brothers officially declared bankruptcy. A failure of one bank, swell into one giant economic collapse. Profits plummeted, unemployment soared and the future was running on thin ice.
Risen from the ashes, Satoshi Nakamoto, came up with a model that would curb all the problems associated with the traditional economic model. At the same time, Travis Kalanick, launched Uber and started the gig or sharing economy.
Uber enabled people to monetize their time and possessions to create a new industry based on willingness and availability; people welcomed it with open arms. So, it began. The swarm of startups adopting a similar model was in play.
The gig economy relies on technology to bring together customers and workers. And as the gig economy approaches its second decade, it’s time to reexamine this model to further up its game.
The blockchain and gig economy go together like peanut butter and jelly. The feature that comes with blockchain like, enhanced security, quick payments, and reliable infrastructure, are the essentials of gig economy.
Swarm of startups is now coming to blockchain and one of them is CoolCousin. Just like your cool cousin that lives abroad and has wild adventures and tell you all about them when they come home for a visit. All the crazy things you’ve done is courtesy to this one person.
CoolCousin blockchain is a travel agency startup. It uses the ERC20 compatible CUZ token to incentivize connections between travelers and locals.
We millennials are wild spirits that don’t believe in comfort. We’d much rather travel with a vigor for authentic travel experiences rather than plan vacations at a pricey resort. Since you can’t buy authenticity online, CoolCousin provides a financial incentive for locals to share their expertise with travelers.
It gives you the freedom to tailor your experience according to your needs. The users could sort their information by destination, education, age, and social profiles. By doing this, travelers can receive event and destination recommendations that are locally sourced and are personally applicable.
CoolCousin is already receiving a significant amount of attention from the media outlets and venture capital investors.
Its essence is rightfully captured in this one quote by LA. Time as they described it perfectly.
“Don’t have a cool cousin to tell you where to go on your next vacation? Don’t worry — now you have dozens.”
What’s cooler is that it is already operational in 60 cities and has more than 500k active users. It adds to the mix of gig economy by allowing locals to monetize their unique experiences and expertise, which in addition, can become a valuable revenue stream. It’s a digital and just a touch away.
The gig economy requires powerfully technology and value transactions. CoolCousin is delivering both as it’s a decentralized travel agency that financially rewards locals hard-earned expertise. It’s a different take yet the one that delivers more than the actual gig economy.