A nearby innovator wants his new communications platform to create WINZ redundant. RealStew targeted at integrating chat, email, social networking, user groups, websites and blogs in one platform housed in a single internet browser. Realstew Connect’s directors were Paddy Delaney and Keith Conway. Delaney started working on the project from your own home some 4 years ago.
He had gradually convinced sceptics to get on board. Delaney hoped to “monetise eyeballs” by directing customers to buy applications and tools these were most thinking about. “We’ve used the social capital of the users to cultivate our base,” he was quoted saying. “We’re growing by several thousand daily.” RealStew based its operations within 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, locate a date, buy auction items, and invest. He was quoted saying a developing user base could interact now, with commercial applications, engage in transactions. Delaney said RealStew had 36 applications and around 200 “application public interface” tools also. Delaney said he was speaking with third-party developers to hone a number of RealStew’s platforms. RealStew would ultimately target everyone who had internet access through mobile technology – an international market of billions. He stated the company’s Nz origins would allow revenue to flow back here. Users will have to pay tax on their own earnings each month.
“One of our business goals is to make WINZ redundant. We want the funds currently being received by those on welfare to get eclipsed by what they will get from moderate use of RealStew. Once it realstewed the first few people off benefits and also the word gets out, it would avalanche.
Delaney said he had without doubt a “tipping point” can be reached. “And once that takes place each person in New Zealand will begin connecting their friends up and the whole thing should go 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 originates from selling solutions people are interested to buy. We don’t want everything, we don’t need everything…so we’re doing the decent thing and returning a percentage for the users who are helping us grow.” RealStew used an internet based accounting system to manage transactions, including currency conversion.The business returned 54% of revenues to affiliates through an electronic wallet system. 5% was purchased an application called RealVoice. Six % went to Realstew staff. The rest of the 35 % went into a fund the firm will have willing to lend to the people.