Hello there!
I take it by now we are well familmiar with bizshake project, the p2p sharing ecosystem on blockchain. In our previous review on the project, we discussed the two business models on the ecosystem which are smartrent and smartpawn. But there are more to these models I terms of their benefits. Indeed, the benefits in the sharing p2p platform is quite vast such that each of the business models comes with its own benefits for both parties involved in the transaction. Yes, that’s fact!
So our concern here is to highlight some of those benefits in a bid to stress further the reason you shouldn’t miss this project.
So here we go…
Benefits of smartrent business model:
By using the smartrent business model, lessors and lessees on bizshake platform stand the gain the following benefits:
- Lessors would decide of their own accord when to lease out their assets and when to take them back without causing inconvenience to themselves.
- Lessors would be able to passively earn from assets that would otherwise be of no use to them.
- Renting saves cost in the sense that the charges are minimal. Hence, lessees would be able to experiment with various forms of assets instead of buying them new – even if they need such assets for use just once.
- Being a blockchain technology, the platform has high security level hence, users can safely engage in lending activities without worries. For instance, in the event lessors’ assets get damaged or are not returned, they can have the value of such assets transferred to them from the lessee’ deposit which would be held by the blockchain
- The dispute platform set up on the bizshake ecosystem would further boost confidence in users. With this, they can always report any issue such as lost or damaged assets and get fair judgments such as having the value of the lost or/damaged assets transferred to them after a thorough probing of the case by the arbiters.
Benefits of smartpawn business model:
Like the smartrent model, the smartpawn business model of bizshake would not be without benefits to both lenders and pawners. Some of these include:
- Lenders would enjoy economic benefits from interests from their loans.
- Pawners monetize their assets and still have them back by the end. A classic case of eating one’s cake and having it back.
- Lenders would have full assess and right to pawned assets until the loans are returned to them.
- If pawners fail to return the borrowed loan, lenders can keep their pawned assets.
- The financial wellbeing of both lessors and lessees are enhanced. Pawners can easily get loans to settle pressing needs without need for expensive collateral while lenders enjoy interests.
- The smart dispute system on the platform help in boosting confidence in both parties. Both can always be assured of some form of compensation in the event of breach of agreement – as in damaged or stolen assets or failure to return loan after the set period.
I believe these many benefits are enough to convince anyone that bizshake would indeed be a safe and fun place to interact. So be on the lookout for the platform launch.
For more information on the bizshake project, please visit their official website at: https://www.bizshake.io
Also read their whitepaper here: https://www.bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG_2.pdf
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Bounty0x username: diana1