Greetings to all of you, my cherished readers, this piece is about a project that goes by the name, BizShake. It aims to use the NEO blockchain to provide the best platform for P2P sharing. Relax and take some few minutes to read this article in order to understand why BizShake is the best.
There are several assets all over the world that people own but do not make use of all the time. Most at the time, these assets are available and could be rented to other people to use but due to constraints such as lack of trust where people do not like to lease their property to someone they do not know for the fear that they might not take good care of it. As a result, those who are in need of these assets for temporary use contact production centers of the asset they wish to use leading to overproduction of such asset which may in turn cause congestion in the environment. There is also a waste of resources as people do not get to enjoy the full benefit of the property or item that they have. Many companies have created platforms for P2P renting but only a few including Airbnb and Uber have been successful. There is this current P2P sharing platform which is based on the blockchain and goes by the name BizShake.
BizShake is building a platform that encourages users to share their properties on the platform thereby boosting the value generated from the use of these properties. Users will be able to transfer usage right of a specific property they will like to lease temporarily with benefits for both parties based on the agreement before they are exchanged. The vision of BizShake is to help achieve a better living standard for all through the sharing of access rights to properties and it revolves around the blockchain, NEO blockchain, P2P communications and Sub-communities and many more. The sharing economy is worth billions of dollars and needs to be developed in order to achieve its full potential. Most of the sharing platforms that exist are based on the B2C model and the company purchases and owns assets that are rented to users on the platform. With BizShake’s P2P concept, users will be linked based on the supply and demand so that transactions can be settled and the assets are not owned by the company.
BizShake uses the NEO blockchain to create a fully decentralized P2P platform. The smart contract and the blockchain technology functionalities are referred to as the P2P Sharing Economy 2.0. With the help of the smart contracts, transactions are executed in a transparent manner with a minimal transaction fee for both the lessors and the lessees.
The BizShake will develop an application that will work on both the web and mobile platforms (iOS and Android). This application has two different business models which are complementary and are SmartRent and SmartPawn. The SmartRent allow assets to be leased from one user to another within a particular period of time whilst the SmartPawn helps the users to obtain a short-term loan from another user with an asset backing the deal. There is a SmartDispute system that allows for the settlement of the deals that go wrong or have a problem. It works based on three stages. In the first stage, a user can raise dispute the reason for its occurrence and have a say in the determination of the penalty for the opposing party. In the second stage, the two parties involved in a dispute will present documents to support their claim. These documents will be reviewed by a team of 5 arbiters who will then give a verdict afterward. The smart contract will transfer the compensation proposed by the arbiters from the lessee’s wallet to the lessor.
BizShake offers an asset verification and certification system called SmartCertify. There are Certifier users who are third-party professionals with the aim to certify that an asset which is up for rent is the same as described by the owner especially highly valuable assets.
Another project offered by BizShake is the BizShake Application Programming Interface (API). The API will enable web developers to develop new applications to suit specific markets.
Tokenomics
Total token supply: 200,000,000
Token tokens for Sales: 100,000,000
Token ticker: BZS
Token type: NEP-5
STO event dates
Private sale
• Start date: Oct 1st, 2018
• End date: Oct 14th, 2018
Crowd sale
• Start date: Oct 15th, 2018
• End date: Oct 31st, 2018
The BizShake team is made up of smart, dedicated, experienced and result oriented people who are working tirelessly for the success of this project. The team is headed by Giuseppe Lo Presti who is the CEO and founder and he has MBA and BSc in computer science with 20 years of professional experience in multinational companies. For more information on the team and roadmap, please check out the links provided below;
Website: https://bizshake.io/
Telegram: https://t.me/bizshake
Twitter: https://twitter.com/bizshake_ico
Disclaimer: Part of the article group.
