A neighborhood innovator wants his new communications platform to make WINZ redundant. RealStew aimed at integrating chat, email, social media, user groups, websites and blogs on a single platform housed within a internet browser. Realstew Connect’s directors were Paddy Delaney and Keith Conway. Delaney started working on the project from your home some 4 years ago.
He had gradually convinced sceptics to acquire on board. Delaney hoped to “monetise eyeballs” by directing men and women to buy applications and tools they were most thinking about. “We’ve used the social capital of the users to develop our base,” he was quoted saying. “We’re growing by a number of thousand each day.” RealStew based its operations inside a Parnell building where it had received support from business incubators Icehouse.
Delaney said Realstew users would ultimately be able to play games, use cloud storage, find a date, buy auction items, and invest. He said an increasing user base could interact and now, with commercial applications, engage in transactions. Delaney said RealStew had 36 applications and around 200 “application public interface” tools at the same time. Delaney said he was speaking with third-party developers to hone a few of RealStew’s platforms. RealStew would ultimately target everyone who had internet connection through mobile technology – a global market of billions. He stated the company’s Nz origins would allow revenue to circulate back here. Users would have to pay tax on their earnings on a monthly basis.
“Our business goals is always to make WINZ redundant. We wish the funds currently being received by those on welfare being eclipsed by what they might get from moderate usage of RealStew. Once it realstewed the first few people off benefits as well as the word gets out, it would avalanche.
Delaney said he had without doubt a “tipping point” will be reached. “And whenever you do every person in New Zealand begins connecting their friends up and everything goes ballistic.”
Delaney was aware some observers might suggest RealStew was a pyramid scheme but said RealStew users were not obligated to purchase or sell anything. “Our revenue arises from selling solutions people are interested to buy. We don’t want all of it, we don’t need everything…so we’re doing the decent thing and returning a percentage to the users who are helping us grow.” RealStew used an internet accounting system to control transactions, including currency conversion.The corporation returned 54% of revenues to affiliates via an electronic wallet system. 5% was dedicated to an application called RealVoice. Six per cent traveled to Realstew staff. The rest of the 35 percent went into a fund the firm will have prepared to lend to folks.