Bizshke is a p2p decentralized ecosystem that aims at bringing a wider adoption of the sharing system/market by solving some of the key challenges that hinder the efficient running of the market such as trust, high rental fees, etc. In achieving this goal, the platform deploys a number of innovations which would help solve the challenges the economy faces and protect its users. These innovations include among others, a blockchain technology, a dispute resolution system, a profiling system, a user verification system, a smart certification system, a decentralized and highly scalable network, and the existence sub-communities within the ecosystem. Let’s now consider these one after the other and their impact on the platform.
Blockchain Technology:
Bizshake of course is a blockchain project. Hence, it utilizes the blockchain technology which is crucial in checking some of the challenges in the sharing economy such as high rental fees and trust issues. The nature of blockchain itself ensures that intermediaries in renting are cut off. In other words, transactions are done directly with end users and this brings about less charges on users, the costs charged by the intermediaries/middlemen having been eliminated. Utilizing blockchain technology also reduces rate of fraud on the platform since it is decentralized and all transactions would be traceable. Thus a transparent p2p sharing platform is assured on bizshake.
A Dispute Resolution System:
This system would be put in place for resolution of conflicts that are bound to arise on the platform. The reason for this is logical: most times in transactions involving two or more parties, there are discontentments among parties which might give rise to disputes. The bizshake platform would resolve disputes by giving individuals with high credibility level the rights to preside over cases of conflict. In return for their services, the judges/arbiters would be rewarded for each successful case they have attended to. This development is insightful and would boost confidence in users.
A Profiling System:
This system would be based on data gathered on users’ experiences on the platform as well as their credibility level. The platform would then make use of the profiled information to improve users' experiences on the platform.
A User Verification System:
Bizshake platform would have user verification feature where users would be required to supply their basic information for identification. The data supplied by users here would in turn determine their credibility level on the platform. The goal of this feature is to eliminate fake accounts/users and curtail their activities on the platform. In other words, users with high credibility would be able to enjoy more privileges than those with low credibility. This is another feature that would boost confidence in users on the bizshake platform as they would be able to easily identify trustworthy persons and those they should transact with utmost caution.
Asset Certification System:
Yet another laudable feature of the bizshake ecosystem is its asset verification and certification system. This would be a system whereby bizshake would create a kind of affiliation with individuals who would be profession certifiers of assets of different nature and classes. These certifiers would all posses the right qualifications in asset certification and would be responsible for verifying and issuing certificates for every asset that users list on the platform for sharing/renting/pawning. Thus, with this system, ownership and authenticity of all assets on the platform would be duly verified and this would go a long way in buttressing trust and confidence in users.
A Decentralized And Highly Scalable Network:
Bizshake is built upon NEO blockchain network (as against other networks like ethereum, waves, etc). Its adoption of NEO network is predicated on the competitive advantages of NEO which include among others, high scalability, solid cryptographic algorithm/properties, its use of delegated Byzantine Fault Tolerance (dBFT) - which generates blocks without the need for mining that might create adverse impacts on the environment, its advanced technology in digital identity; and its compliance with government regulations. This last especially indicates bizshake is a legit project and all the features mention would together foster unwavering trust on the platform.
Sub-Communities:
Another important innovation of bizshake p2p sharing ecosystem would be the existence of sub-communities. As we know, smooth interaction is very crucial to the smooth running of any venture. The sub-communities would be a meduium where users would get to interact one on one with other users. Creation of these communities would be based on a number of parameters such as geographical locations, similar interests, etc. This feature would immensely help foster needed smooth interactions among the many users from different locations and ultimately bring about a more friendly ecosystem.
The above are the technological innocations of bizshake ecosystem that make it unique and set it apart from other (p2p) sharing platforms. I have no doubt the impact of these innovations would be long-lasting and by them the platform is sure to achieve its set goals in a short while.
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
REF
Bounty0x username: diana1