At the hearing of CryptoBnB, you must be wondering what the 9 letter word is all about. This is exactly why this article was brought to life. The rate at which technology is changing the world by solving different problems is mind-blowing. Cryptobnb is one of the many companies employing technology to make life easier for people. Would you like to know more about cryptobnb? Sit back and read through because what you are about to discover is out of the ordinary. There is nothing like it. This is the first of its kind.
What is Cryptobnb?
This is a vacation rentals platform built to improve short-term rental experiences for hosts, guests and service providers worldwide. This platform uses the block-chain technology, artificial intelligence and big data to enhance search results, helping users find the perfect vacation rentals that would suit their personal needs. Their essentiality and uniqueness comes from CryptoDNA, a technology that enables less disputes, solves fraudulent activities, and custom-made search experiences. It is designed to enhance the ROI of property owners while ensuring renters can find the perfect property.
Some of the many cryptobnb goals are to generate efficiency for travellers, remove middle-men commissions and lengthy search times. Cryptobnb is the first p2p marketing platform generating efficiency for travellers while enhancing host and service providers.
Why you should use Cryptobnb
Cryptobnb is government and regulations friendly with person to person relations. Individual parties will follow rules and regulations involved in the use of the rendering services. All market players can easily integrate transactions with tax accounts when needed. Cryptobnb caters for a proven market segment which is guaranteed to grow in supply and demand. Today, short rentals market is estimated at $550B.
Cryptobnb guarantees matching reputable hosts and travelers, reducing traveler’s discrimination in the process. The owner of the property initiates a smart contract based on the traveler`s guarantee of payment through the crypto-dna wallet. Host can approve the traveler based on the track record of paying on time and the state they have left previous rentals. Rentals are not based on their gender or nationality.
Reviews from cryptobnb are not fake but real and concrete. Block-chain technology ensures real reviews. Property reviews can only be created on the decentralized block-chain that have a supporting smart contract which verifies if the tenant truly rented the property and require geo-tagging check-in verification to guarantee the traveler actually stayed in the property.
Smart contracts with fixed terms reduce costly disputes that have to be platform mediated. For example, a smart contract ensures that the property be left in certain conditions. The tenant uploads to the block-chain a time-stamped image at checkout of the property to be recorded and approved by host. Upon approval, the host can immediately release traveller`s deposits.
The smart contracts and integration to the block-chain is the first step of dispute resolution reduction. Then CryptoBnB uses a decentralized platform of arbiters to resolve disputes to reduce costs. Arbiters are paid per arbitration event and they are highly penalized for any incorrect judgements, making them extremely efficient, speedy and precise.
The cryptobnb platform is a win-win for everyone involved. Both the host and tenants save on fees, and the arbiters are rewarded in the event of a conflict. More rentals rented more easily, has there is increase in rentals because of the affordability.
The Crypto-Dna wallet securely stores all your private information from family details, payment options, and travel details on the most secure level of the block-chain. This is your key to SWIFT transactions. Not only applicable for use on cryptobnb`s platform but partnerships are being formed with other decentralized platforms to swiftly and securely enter your details. Crypto-dna wallet securely provides your check-in details.
My cousins go on vacation during holidays and securing a good apartment for a short period time is always difficult. In most cases, it’s either the apartments are too expensive or they get to the apartment they paid for and discovered the place is nothing to write home about.
The Cryptobnb Technology
The cryptobnb technology solves fraudulent activities by enabling user identity. The technology trust based voting and rating system to allow users to know their peers ratings. It has a self-learning smart wallet that captures users’ preferences. There are 0% commission fees. Cryptobnb is something that every wise person would invest in, because it is the future of real estate.
Your details are safe and secured and cannot be hacked into.
The Face behind CryptoBnB
Tariq Al-Wahedi is the founder and CEO of cryptobnb. He is a global entrepreneur, industrialist, and business strategist with 20 years of experience across sectors and countries. Tariq Al-Wahedi is a self-made businessman, born and raised in Abu Dhabi, UAE. He is also a graduate of the Kellogg School of Management.
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