SWOT analysis of 2Local project

Yasu · February 14, 2020

2local is a new blockchain project that is designed to create optimized sharing economies of local-2-local products. The project provides an ecosystem in which enterprises, banks, companies, manufacturers, developers, and users can coexist naturally while producing and consuming locally.

When it comes to creating a valuable token, 2Local has decided to sit upon the shoulders of giants that have preceded it. L2L coins comprise of a menu of purposes within the 2Local-integrated ecosystem.

First and foremost, 2Local adopts a concept that has long been a feature granted to share holders: Profit. The L2L coin is designed to increase in value in the market

2Local is a blockchain project, and thus it serves as the foundation for future developments. Sharing economies foe local-2-local businesses are expected to grow in demand and 2Local provides the foundation for a sustainable and prosperous local transactions. As this blockchain can be used to provide applications that serve the sharing economy, L2L coin will gain the native utility of being the currency of the 2Local ecosystem.

2local, a blockchain-powered platform, is building a worldwide network of consumers and companies that produce both locally and sustainably. This platform supports local and sustainable buying with the help of a unique cashback system, its special payment app, a marketplace that connects customers and businesses with the same ideals, and the L2L coin.

SWOT analysis sheds light on the potential of a project.

The recent rise of digital currencies has shown that people actively seek an alternate investment channel. While most people are able to fulfill the task of effectively managing small personal portfolios, their day to day tasks do not allow them the time required to actively manage and diversify a large portfolio into very lucrative markets

2Local is restructuring the way investment and purchases are done in local environment. Despite the ambitious nature of the product to disrupt the long-existing domination of traditional centralised companies, 2Local project is aligned with the United Nations developmental goals which is something the public is already prepared for.

2local is trying to create a platform that rewards makers and users of local products with Cashbacks and loyalties. To achieve that, the company is developing its own platform anchored on the stellar blockchain.

2Local has a team with decades of experience in the business and and marketing industries. This heavy experience will help them to build an important network that any start-up would envy.

2Local project is a very ambitious project. The project is focused on building a platform on the blockchain that rewards users for making and buying of sustainable local product. This will benefit all the platform members and increase their investments with profits — the project will also be utilizing its own currency L2L coin.

While the the shared economy and local-2-local (L2L) is ripe for blockchain disruption and 2Local's ambitious goals are admirable, the company might run its resource a bit thin. However, given the experience of the team and the powerful collection of advisors 2Local has assembled; ranging from executives at large business corporations to developers at leading blockchain projects, the pool of experience and manpower supporting this ambitious mission has the abilities to deliver a project as powerful as 2Local.

Many investors in Asia have found ttat investment in share economy of local-2-local products are one of the most attractive and promising. Also, the local-2-local industry across the world is worth millions of dollars, it’s only necessary to be part of a massive and lucrative industry such as this.
Some of the opportunities 2local will tap are as follows;

Corporation with big organisations and enterprises
The sale of SMS
The promotion of awareness of importance durability and unfairness in the existing financial system across the world.
Corporation with other initiatives

2Local could become the leading company in the shred economy services as it could have the largest base of value-additive services within a single platform.

Majority of the developments in the shared economy and L2L are hampered by government regulations through unclear terms. Furthermore, 2Local and L2L coin faces threat and huge completion from proposed token like Libra. The Libra project pioneered by facebook foundation already has massive following and support from huge capitalists and companies.

However, awareness about tokenised shared economy in L2L is still very low — this is because large portion of the masses are used to and only know about the traditional methods of doing transactions. Thus, there isn't such a large pool of interest targeting such an ambition at present. While the small-tier participants that are knowledgeable about blockchain and tokenisation of L2L sector are certainly there, 2Local has to-do massive promotions and partnerships to encourage people to jump onboard their ship

Summary

2Local is heading out on a cleared path that eases its ability to penetrate the market with a revolutionary product that will tokenise local-2-local transactions. It’s pursuing a massive opportunity and its organizational power should be sufficient to handle the challenges that come its way.