Considering The Opportunities For DLease

Since writing about @dlease last week, I kept mulling over the possibilities in my mind. There are a few applications that we come across that have the potential to be a game changer. I believe this is one of them.

This is an application that was put together by @buildteam. You might be familiar with the project MinnowBooster. This is the next iteration on that idea.

@dlease is a platform that enables the leasing out of Steem Power. One's stake within the Steem ecosysytem is based upon Steem Power. A way that smaller accounts can increase the impact they have is by leasing it

One of the first things that popped into my head about this application is will it apply to other tokens created using the SMT protocol once that is released. I was assured it will. This really opens up the flood gates for the other applications.

We see a number of tokens that were being awarded for Steem delegation over the last 6 months. @steemhunt, @dlike, @actifit, and @magicdice are just a few of the applications giving their native tokens in return for delegations. Thus, we have a lot of Steemians earning tokens that they, essentially, will not be using.

The reason I say this is that most of the people who delegated did so as passive investors. Their goal was to earn some tokens as a return on their present asset (Steem Power). This means they are most likely not active participants on those individual platforms. Once the tokens go live, each individual has to speculate as to what the best course of action is to take. Does he or she sell the token for, say, STEEM, or hold in hopes of appreciation?

Dlease offers another option. Instead of dumping the token, which would affect the application if done on a mass scale, how about leasing it out? This will give the users of the application a way to increase their stake on that platform while providing the token holder another layer of passive income. Essentially, this helps to keep more of the total supply off the open market.

Developers and project teams are all dependent upon the price of the token for the furthering of their projects. Even those with business models that produce other revenues to cover expenses are, to a degree, beholden to the price for future expansion. Tokens holders who support the price by not dumping, in turn, help the application.

This is a net benefit for the entire ecosystem.

Another interesting aspect to this is the ability for Dlease to reach outside the ecosystem. This platform provides a ROI to individuals for their STEEM. How many cryptocurrencies can offer that? We have hundreds of thousands of people holding all kinds of coins. What is the value of them? Some are speculators waiting for the next bull run. However, there are many tokens people acquired through whatever means which have little likelihood of going anywhere. This could be turned into STEEM and leased out for a return. In fact, outside the speculative aspect, what kind of return do Bitcoin or LItecoin offer?

The @dlease team made the comparison of lease STEEM to real estate. At the basic level, it makes sense. Real estate is an asset people acquire that has some value and people rent it out in an effort to get a return. After the rent payments are taken in, the asset is still owned. This idea is modeled using STEEM.

There is one difference. With real estate, there are expenses incurred. One has to fix any damage done to the property. There are taxes and insurance which must be paid each year. Over time, maintenance costs get higher as a new roof and water heater need replacing.

With STEEM, it is bought and leased.

The major advantage to anything in this industry is not what it is today but, rather, what it can become. Dlease offers possibilities far outside the token world although it can use tokens as the mode of payment.

We are moving away from the ownership society. A great deal of the new offerings the last 5 years or so dealt with the idea of "usage" as opposed to ownership. Uber and the idea of selling rides is a prime example. In the online world, we have the "as a service" concept which is popular with cloud.

At the core, all of this is a form of renting or leasing.

Dlease could expand to take advantage of this. Uber became successful because it merged the digital world with the physical. It is nothing more than a platform that brings rider and the provider together. For this, of course, Uber takes a cut of the proceeds.

The advantage to blockchain is that it eliminates the middle man or at least reduces the costs associated with the transactions. Dlease has the ability to expand into the physical world in a similar fashion. It could house applications that mirror the Uber idea.

Vehicle leasing is very popular. What is the potential that a dealership could arrange vehicle leasing in this manner on a blockchain platform like Dlease? It opens up an entirely new market of customers since there are a bunch of people with crypo wealth.

The real estate market is still huge. More buying decisions are being made without having to actually see or feel the product. This is starting to extent into real estate. I know a couple people who bought properties without seeing them. As we move into the virtual reality world, I expect this to increase. Dlease could have applications that rent homes and apartments to people.

We are going to see a number of other digital assets arising over the next 5 years. All of these have the ability to leased out depending upon what their use case is. The possibilities in the gaming world are endless.

Cryptocurrency is a radically new concept. We are in a completely new paradigm with its creation. Assets are nothing new. However, it is a marked difference when the digital asset is actually a currency. Hence, it serves dual purpose. Under the present system, an asset, such as real estate, has value denoted in a currency. It is priced, purchased, and sold in said currency. Outside of barter, it is not traded for another piece of real estate.

This is not the case in cryptocurrency. Essentially, we have a digital file that, on its own, has value. I can hack the plans for a new fighter jet but I still need someone to buy it. With cryptocurrency, if I can hack the wallet, the digital file I acquire has value on its own.

To me, this idea opens up a wealth of possibilities for Dlease. Imagine being able to lease a digital asset to buy a house.

It is an entirely new model that is unfolding.

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