In the flood of products, consumers often buy things we do not need. However, rentals often charge high rentals for the products we want to rent. Likewise, we often do not find rental products for specific products, so customers often make purchases for things we use very rarely.
A great project is coming to the market, which will make it easier for people to borrow specific products, while also allowing people to lend certain things. It's called BizShake.
Bizshake is a project that will work on the NEO blockchain and will be fully decentralized. It's about the P2P sharing Ecosystem, which will tokenize real-world assets. It will operate in a similar manner to the operation of AirBNB and Freelancer, but without high fees.
They focused mainly on two types of lending: Smart rent and Smart Pawn.
Smart rent will be for renting things. The amazing thing about this platform is that it is decentralized and thus it has no profit from just one institution that lends. Everyone will be able to share their products on this platform Lessor will be able to share his assets with lessee in exchange for the rental fee. People will be able to share everything possible. From electronics, sports equipment, clothes, jewelry, etc. Rented equipment will be checked with the SmartCertify feauture, before renting so that authentication of rented equipment will be confirmed. The price of the product will be determined according to the credibility of the user, which will be determined by the SmartIdentify.
SmartPawn will act on a similar principle as a SmartRent. The lender will give the pawner a loan, in exchange for some asset. When the debt together with interest is repaid, the lender will return the asset. In the case that a certain asset is not returned to the owner, after repaying the debt, or is returned damaged, the SmartDispute can be launched on the platform, where the group of selected high ranked users together with special algorithms determines the final verdict.
For all platform processes, BZS tokens will be used, which will result in continuous demand.
Many people wonder what is really the advantage of such a platform compared to the previous one. Let me just list a few of them.
I think that the whole platform is very interesting and people will quickly start using it. With an exceptionally user-friendly interface, the application will be transparent and simple to use. I am also pleased, that the whole platform is on NEO blockchain, which provides high Transaction per second and will allow the platform to function smoothly. The BitShake team is also really experienced both in blockchain and in other fields.
If you want to know more about BizShake, you can visit their
Website: https://bizshake.io/
Or read the Whitepaper: https://bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG.pdf
