Furthermore The idea of SmartRent is to allow users to lease assets to other users for a specific period of time. You might have a chainsaw, for example, that you’re not currently using. You list the asset on SmartRent along with a rental fee, pictures of the asset, and any additional information. You can set different rental rates by the hour, day, week, or month. You can also fill out a calendar explaining which dates the asset will be available to be leased, the geographical area where the asset will be available to shipped and handed over, the value of the asset, and the amount of deposit that will be locked by the blockchain.
The user leasing the asset – the lessor – will be able to set different deposit amounts for users with different credibility levels. Someone with a high credibility level, for example, may pay a significantly lower deposit than someone with a low credibility level.
Features
Decentralised Dispute system: Arbitration rights will be assigned to users with the most respectable credibility rating. A solving system will then be implemented to decide the level of penalties dependent upon each case to ensure whoever is accountable is reimbursed rightfully with a small commission rewarded to the arbiters who release their judgment call. Users with high value assets can use BizShakes SmartCertify concept to ensure the assets authenticity, condition and value are up to scratch.
Blockchain and the nature of decentralization: Trust and transparency integrated into all transactions so no-one is better off. Intermediaries are not needed in the processes of sharing or payments.
NEO Blockchain: BizShake has designed its ecosystem on the NEO Blockchain as it can exert scalability, with the capability of accomplishing 1000 transactions per second. The NEO Blockchain also uses delegated Byzantine Fault Tolerance or dBFT which can be considered to be one of the ‘fairest’ ways to create new blocks on the blockchain ‘without the need for mining’ (Proof of Work, PoW.) NEO is also compliant with government blockchain regulations so the trust concept on the ecosystem is also emphasized.
User ID and Credibility level: Each consumer of BizShake will have to make a user ID containing certain valid information. With each user ID will be a given credibility level dependent upon their past transaction history to ensure full transparency between users. Even new users who have no credit rating may find it hard to engage in sharing on the ecosystem can also benefit, as BizShake will use external sources that are available on the NEO blockchain to also rate the user so that you don’t have to waste time building up a new credibility level.
Publications
http://tokenlion.net/icos/info/423/bizshake
https://seekingalpha.com/pr/17123054-bizshake-selects-identitymind-kyc-aml-compliance-upcoming-security-token-offering
http://thetechinsider.org/cryptocurrencies/bizshake-bzs-ico-review/
Team
BizShake is led by CEO and founder Giuseppe Lo Presti. Giuseppe is a Shanghai-based business executive with experience at multinational companies like Trussardi (where he worked as Regional Finance Director) and SmartBeeZ (CEO and founder).
Other listed members of the team include Valentina Gu (CMO and co-founder), a marketing and communications professional who previously worked at Jaunt VR and Trussardi in Shanghai.
ICO details
Website: https://bizshake.io
Whitepaper: https://bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG.pdf
BizShake: https://bizshake.io
Telegram: https://t.me/bizshake
Medium: https://medium.com/bizshake
Facebook: https://www.facebook.com/bizshake
Twitter: https://twitter.com/BizShake_ico
Linkedin: https://www.linkedin.com/company/bizshake
Reddit: https://www.reddit.com/r/BizShake/
bounty0x username : alpermuratmavis
"This article was created in exchange for a potential token reward through Bounty0x."