You will agree with me that there are so many assets we have such as cars, houses, tools, clothing and toys that are less frequently used; they lie idle most of the times and they are not being fully utilized. This led to the emergence of Sharing Economy which allows individual to borrow or rent these assets instead of buying them. A research conducted by the Pwc in 2015 revealed that 44% of US consumers are familiar with Shared economy and 19% of the US adult population have engaged in Shared economy.
Despite the rapid growth and awareness of shared economy, lack of trust, monopoly, middle man fee, have all impeded the acceptability of this sector of economy by the consumers. But thanks to NEO blockchain that will allow BizShake to solve these issues.
WHAT IS BizShake?
BizShake is a decentralized P2P (peer-to-peer) platform on NEO blockchain for exchanging property and services through tokenization. It allows users to interact with each other without the need of a middle man. BizShake is offering a platform where you can rent out your car or house without any fear and hassles.
BizShake serves as a bridge between the cryptocurrency and the real world thereby allowing consumers to use cryptocurrency for physical assets rentals and hiring of freelancers.
Bizshake also eliminates traveling risks and costs, international transaction costs and currency exchange fees.
Other scalable platforms being offered by BizShake include the following:
Using a specific Al algorithm to know user’s credibility by examining the past transactions of the user in the BizShake ecosystem.
Creating a horizontally structured market and ensuring that every income goes to the assets owners, service providers, community members and not the middlemen;
Using new blockchain deal formats, as well as deal chains and deals with trusted payments;
Application of peer-to-peer dialogue functions that will allow the users to interact and communicate among themselves.
The BizShake platform is focusing on traditional sharing economy where users will be able to exchange their assets or service with another user’s assets or service. The sharing economy include the following:
Transportation;
Accommodation;
Finance;
Goods;
Services;
Software and digital entertainment.
This connotes that with BizShake, users will be able to the following:
Swap homes among themselves;
Hire or rent out a vehicle for as long as they want;
Hire or rent out assets such as gadgets, instruments, gym memberships;
Service sharing (Freelancer/Upwork model for remote jobs and TaskRabbit for micro jobs.
There will be transparency of all transactions and all commitments will be met, this is achievable by the use of blockchain technology for the escrow function in all deals among users
BizShake TOKEN
BizShake token is based on NEO Blockchain technology. Every member of the BizShake community will be able to use the token for their transactions.
BizShake token can be used for paying for Asset rent or services
The more the number of assets that are placed on BizShake ecosystem the more the growth of the token rate. The token can also be spent on the platform.
Useful links
Website: https://bizshake.io
Whitepaper: https://bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG.pdf
