WCT's Transaction and Trust Management in the Sharing Economy
In the sharing economy (such as bike-sharing and co-working), issues like opaque deposit management and frequent transaction disputes are common. WCT replaces the traditional deposit model, allowing users to stake a small amount of WCT to access shared services, which are automatically refunded after the service ends. Transaction records and user evaluations are recorded on the blockchain, influencing user credit scores and usage permissions. After adopting WCT, a co-working platform saw deposit disputes drop to zero, user satisfaction increase by 40%, and operational costs decrease by 25%, making the sharing economy more efficient and standardized.