A local innovator wants his new communications platform to make WINZ redundant. RealStew geared towards integrating chat, email, social media, 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 home some 4 years ago.
He had gradually convinced sceptics to have aboard. Delaney hoped to “monetise eyeballs” by directing individuals to buy applications and tools these were most considering. “We’ve used the social capital in our users to increase our base,” he explained. “We’re growing by several thousand daily.” RealStew based its operations inside a Parnell building where it had received support from business incubators Icehouse.
Delaney said Realstew users would ultimately have the ability to play games, use cloud storage, get a date, buy auction items, and invest. He explained an increasing user base could interact and today, with commercial applications, take part in transactions. Delaney said RealStew had 36 applications and around 200 “application public interface” tools also. Delaney said he was conversing with third-party developers to hone a number of RealStew’s platforms. RealStew would ultimately target everyone who had internet access through mobile technology – a worldwide market of billions. He stated the company’s New Zealand origins will allow revenue to circulate back here. Users would have to pay tax on their earnings on a monthly basis.
“One of our business goals is usually to make WINZ redundant. You want the amount of money currently being received by those on welfare to be eclipsed by what they will get from moderate consumption of RealStew. Once it realstewed the first people off benefits and also the word gets out, it would avalanche.
Delaney said he had no doubt a “tipping point” would be reached. “And once that occurs each and every person in Nz will start connecting their friends up and the whole thing goes ballistic.”
Delaney was aware some observers might suggest RealStew was really a pyramid scheme but said RealStew users were not obligated to purchase or sell anything. “Our revenue comes from selling solutions people want to purchase. We don’t want everything, we don’t need all of it…so we’re doing the decent thing and returning a part on the users that are helping us grow.” RealStew used a web-based accounting system to deal with transactions, including currency conversion.The company returned 54% of revenues to affiliates using an electronic wallet system. 5% was dedicated to an application called RealVoice. Six % traveled to Realstew staff. The remaining 35 % went in to a fund the firm will have willing to lend to folks.