Creating payments for everyday transactions establishes a relationship between both the merchant and the seller. Not only that, but it also promotes the continuity of doing business with both parties. Almost every organization and institution wants to have the best and swift payment system for its customers. Initially and almost everywhere around the world, there has been the use of fiat currency to make payment for items and transactions that are conducted.
The search for swift payment system gave birth to electrical payment systems such as Paypal, Visa Card, Master Card and all sorts of electronic cards that allowed people to make payment for goods and services that are delivered to them.
The cryptocurrency market is considered as the most vibrant in this era. The digital currencies make use of public office system to file certain transactions. Most people are persuaded that the imminent of the current financial system will be much dependent on the development of blockchain technology and on the response of the community at large. For quite some time now, the Bizshake team has intensely worked on the blockchain technology and cryptocurrencies. Bizshake came out with the point that most people do venture more with cryptocurrencies than using the coin they possess as currencies. In view of such a challenge, Bizshake has come out to use cryptocurrencies free of worry. Bizshake team will generate a tenable multifunction podium which they are going to operate with. After Bizshake has made a withdrawal of the initial concept, we secured after a brief presentation, concerned partners and advisors and thus we have analytically built our trusted team.
Bizshake intends to come out with an application that will be made available on both mobile platforms and the web. These applications will be programmed in the dialect of English and chinese with subsequent languages available later. Bizshake has a generated two peculiar business models and they are the SMARTRENTS and SMARTPAWN
SMARTRENTS
The fundamental principle of the SmartRent business Model is to permit users to guarantee assets to other users for some time range. The principle works like the user who will guarantee the asset or lessor will make a list of the specified asset on the application specifying the features of the asset. Some of the features may include pictures, a range of rental fee per hours, a calendar to indicate when the asset is available to be granted, the setting of which the asset will be available to and many others.
The lessee, that is a user who is interested in renting the asset, will make reservation of the specified asset and make a request deposit amount available in the wallet. There is a deadline or specified period of which each party is to send out the asset (lessor) and confirm asset status (lessee) after receiving a confirmation request from the lessor. Let us have a look at some advantages being enjoyed by the lessor
The lessor engages in the lending process since there is an embedment of trust in the blockchain technology.
The lessor gets rid of assets being dormant without owners gaining no profit on these assets. The owners enjoy economic benefits out of the asset.
Should in case the asset is damaged, all lost values will be transferred to the lessor’s wallet by blockchain after the asset has been determined.
Below are some benefits a lessee enjoys;
The lessee gets the chance of enjoying many different products at their own console. They get the maximum level of freedom of change.
The lessee has the greatest assurance that he or she will receive back the deposit when the rented time frame is due. The deposits are safely locked automatically by blockchain in lessee’s own wallet.
SMARTPAWN
The fundamental principle of the smartpawn system is to pave way for the users to obtain short term loan, backed by an asset from diverse users. The pawner, that is the user, makes a list of assets with genuine description and ask for interest rates that that he or she is willing to make due payment, loan duration and others. The pawner makes a decision to apply for insurance that will highlight on both the difference between a certified value of asset and amount of loan. Let us have a look at some advantages being enjoyed by the pawner;
The pawner gets the chance to engage in pawning processes because of embedment of trust in the blockchain technology.
They get the benefit of deciding when to pawn personal assets without any external pressure in terms of the period and duration.
SmartDispute system determines any lost asset and comes out with a sentence to help pawners gain some percentage as compensation.
Below are some benefits lenders enjoy;
The lenders have a greater enjoyment on the interest accumulated.
They can secure the asset in case the pawner feels reluctant to return the amount
TEAM MEMBERS
This project is backed by a group of individuals that are highly knowledgeable in their field of discipline and are self-possessed to carry this project to great success. Below are few of the team members, please refer to the whitepaper or website for more information about the full team.
Read More On Us
Website: https://bizshake.io/
Twitter: https://twitter.com/BizShake_ico
Reddit: https://www.reddit.com/r/BizShake/
Medium: https://medium.com/bizshake
Telegram: https://t.me/bizshake
Author: Rastafarian
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1924304
Disclaimer: This blog is Part of the ARTICLE GROUP
