Fasbatech Whitepaper
"Raise Ourselves By Helping others"
- R.O.B.H.O. -
A whitepaper is an informational document issued by the company or organization that has plans to offer and to promote or highlight the features of a solution, product, service, technology, methodology, and to influence current and prospective community customers and business owners. Integrates ecological, socioeconomic, and institutional knowledge and priorities through diverse community participation. It is a holistic, adaptive method for evaluating and achieving resilience and sustainability.
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Empowering Communities Globally Through Technology!
Introduction
We believe human being has the power to create anything they want and so, also are we. We had been a software provider for more than 10 years now, we have provided our clients with programming, automation, system processes, integration, security, data architectures, scalability, and many more. We learned and harness more information about the internet of things (IoT) and human behavior towards wealth creation, productivity, and consumption. Through these, we saw the opportunity to develop a free platform where the machine and humans will dance together in a workplace.
The book entitled
"What's Mine Is Yours: The Rise of Collaborative Consumption"
became our inspiration, it articulates for the first time the roots of "collaborative consumption," Rachel Botsman and Roo Roger's timely new coinage for the technology-based peer communities that are transforming the traditional landscape of business, consumerism, and the way we live.
We understood the principle of sharing economy platform through collaborative consumption by developing a platform built with trust and rewards people. We would encourage business owners and consumers to transact inside the platform.
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Business owners would not have to pay for the ads or marketing instead, they can use and post or offer their products and services to the entire community inside the platform for free. In exchange, a business owner would share his/her revenue with the platform every time there is a consummated sales.
These shared revenues will be converted into a rewardplus program through a specialized software algorithm for our community affiliate members. Affiliate members would enjoy the reward on a real-time basis, convert their expenses into business capital and earn from the expenses of affiliated consumers through them.
The Industrial Revolution
The 5th Industrial Revolution
The 5th Industrial Revolution is all about embracing digitization, machine intelligence, and paperless technologies to enhance human efficiency with this in mind, we can foresee the potential of Sharing Economy Platform which will draw humans and machines together at the workplace. Will empower us to close the historic gap between the rich and the poor and create a new socio-economic era. Isn’t that exactly what the world needs right?
The Social Media Revolution
Social media is a computer-based technology that facilitates the sharing of ideas, thoughts, and information through the building of virtual networks and communities. By design, social media is Internet-based and gives users quick electronic communication of content. Content includes personal information, documents, videos, and photos. Users engage with social media via a computer, tablet, or smartphone via web-based software or applications.
How Does Social Media Platforms Make Money?
An astounding number of people use social media each day, so it's a fair question to ask, "How do social media companies make money while offering so many free services?"
Making Money Through Advertising
This isn’t a unique observation, but it’s a crucial one: If you’re not paying for the product, the product is you. The real transaction here isn’t you receiving enjoyment in the form of a free temporary distraction created by a media company at great expense, but rather, that media company renting your eyeballs to its advertisers.
The number of community members...
is the short answer to the question of how these companies are making money. But that doesn't tell the whole story. Here we explain exactly how the top powerhouse social media companies translate all that volume into cash.
Source: Investopedia
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The Data Mining
Data mining is a process of discovering patterns in large data sets involving methods at the intersection of machine learning, statistics, and database systems. Data mining is an interdisciplinary subfield of computer science and statistics with an overall goal to extract information from a data set and transform the information into a comprehensible structure for further use.
In simple words, data mining is defined as a process used to extract usable data from a larger set of any raw data. It implies analyzing data patterns in large batches of data using one or more software. Data mining has applications in multiple fields, like science and research. As an application of data mining, businesses can learn more about their customers and develop more effective strategies related to various business functions, and in turn leverage resources in a more optimal and insightful manner. This helps businesses be closer to their objectives and make better decisions. Data mining involves effective data collection and warehousing as well as computer processing. For segmenting the data and evaluating the probability of future events, data mining uses sophisticated mathematical algorithms. Data mining is also known as Knowledge Discovery in Data (KDD).
Why Amazon Web Services
AWS has significantly more services, and more features within those services, than any other cloud provider–from infrastructure technologies like compute, storage, and databases, networking–to emerging technologies, such as machine learning and artificial intelligence, data lakes, and analytics, and IoT or Internet of Things and much more. Fasbatech Inc. invested heavily in infrastructures to handle millions of transactions on a global scale per second.
Below are the services used by our company​
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The Amazon EC2
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The Elastic Load Balancing
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The Amazon RDS
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The Amazon S3
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The Amazon Route 53
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The AWS Certificate Manager
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The Amazon CloudWatch
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The Amazon Simple Queue Service
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The Amazon SES
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The AWS Lambda
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The Amazon API Gateway (Web socket and REST API)
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The Amazon DynamoDB
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The Deep Learning on AWS
The Social Enterprise Platform
Social enterprises platform are businesses that are changing the world for the better. Like traditional businesses, they aim to make a profit but it's what they do with their profits that sets them apart – reinvesting or rewarding the community to create positive social change.
... It's business for good and when they profit, society or community profits. Social enterprises platform are businesses that are changing the world for the better.
Products and services are in our communities and on our high streets, wet markets, and stools. By selling goods and services in the open marketplace social enterprise's platforms create livelihood and reinvest their profits back into their business or the local community. This allows them to tackle social problems, improve people’s life chances, provide training and employment opportunities for those furthest from the market, support communities, and help the environment.
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Our goal is to create an opportunity to decentralize the wealth of the world by promoting our sharing economy through a social enterprise platform with collaborative consumption.
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4 REASONS WHY SHARING ECONOMY PLATFORM IS VERY POWERFUL
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The set of resources are circulating within the community platform and systems
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Enable selling merchants and business owners “provide” products and services within the community members
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May avail more valuable resources, products, and services, through direct interaction with each community member through the platform
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Income & revenue are being shared in community members through its specialized software algorithm or SSA RewardPlus program
The Ecosystem
Rich vs Poor
Income inequality is an extreme disparity of income distributions that goes to the hand of only a few people on the top or in a very small percentage of the population. Income inequality refers to the extent to which income is distributed in an uneven manner among a population. According to forbes.com 2021 report, the world is home to 2,755 Billionaires 660 more than a year ago. Of those, a record high 493 were new to the list--roughly one every 17 hours. Altogether these billionaires are worth $13.1 trillion, up from $8 trillion in 2020. Our economy is broken, with hundreds of millions of people living in extreme poverty while huge rewards go to those at the very top, the world’s richest 1 percent, own 43 percent of the world’s wealth. View the Oxfam report How to shorten the gap between
The Rich vs The Poor and what we can do about it?
