OVERVIEW
The sharing economy allows individuals and corporate bodies to exchange tangible and intangible with one another at scale. These exchange dealings often make less effective traditional retail or employment arrangements, usually by reducing transactional resistance or looping intermediaries out altogether.
By making it easier to exchange possessions on demand, the sharing economy upsurges efficiency. In various situations, it permits participants to get by without possessing valuable items, such as cars, while fashioning opportunities for others to excerpt value from idle possessions.
These processes would not be conceivable without technology. This is why BizShake will adopt the NEO blockchain technology on like other projects that use the Ethereum blockchain technology in the Peer-to-Peer (P2P) sharing economy. You might want to ask why is Biz$hake running on the NEO blockchain technology? Yes, the NEO blockchain technology utilizes the digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a smart economy with a distributed network. It is faster than the Ethereum network in terms of transaction executions. Virtually all forms of collaborative consumption utilize the Internet to link providers with customers, irrespective of them renting a house through Airbnb or Uber.
With the integration of the NEO blockchain technology on the Biz$hake platform, individuals and corporate bodies will experience Digital Assets + Digital Identity + Smart Contract that is equivalent to Smart Economy.
INTRODUCING THE BIZSHAKE PLATFORM
BizShake is dedicated to refining the sharing economy developing a complete and decentralized Peer-to-Peer (P2P) sharing platform that is grounded on Ontology blockchain with expertise team that will create a comprehensive ecosystem of dApps that let and inspire users to share their personal properties, thereby maximizing the value created by the dApps usage and enhancing asset distribution across the BizShake platform. The core purpose BizShake platform is to permit every individual and companies using the **BizShake platform to coin their assets into money by means of renting and pawning, thereby reducing the extreme charges of middlemen. The BzShake platform is decentralized and extremely full of an innovative business model in order to tokenize high-value assets on the Blockchain and to provide transparency of user profiling via digital identity. The BizShake platform offers security between peers by an automated dispute system that is governed under peer control. The digital identity for user profiling used by the BizShake platform is to reduce (if not eliminate) fraud, which is a major concern that has restricted the adoption of Peer-to-Peer (P2P).
BizShake will create by developing an application programming Interface (API) that will permit users to have access to BizShake Smart Contracts. Developers through this API web will be able to develop new applications, thereby replicating the logic of BizShake application and using the same set-up (User authentication, Credibility level, wallets, payments, communications, disputes, etc.) without the need to reimplement all the logic. The API will have an explicit field that will specify API calls from the applications of third-parties. A portion of the transaction levies that are charged by Smart Contract to the users will be automatically transferred from BizShake to the application developer.
The BizShake platform will implement a SmartCertify system that verifies and certifies assets so that nobody falls a prey of circumstance in the sharing economy. The SmartCertify system will work with Certifier-Users (third-party professionals in specialized fields like luxury experts, car dealers, jewelers, and many others) will overcome the anxiety for users who involve in renting or pawning high treasured assets, thereby certifying assets of a specific class. When an asset is certified, the specific asset will be documented on the Blockchain with an NFT (Non-Fungible Token) that will inimitably identify that precise asset and its owner, certifier and value. A tracking device like NFC or RFID provided by BizShake will be applied by the Certifier to the asset in order for the asset to be identified by all the users via a device that is well-matched with the BizShake application. With this profound innovative system, the asset can be traceable on the blockchain and identified using the BizShake's application.
I so much cherish the vision statement of BizShake it is motivational and inspiring: "We strongly believe that the practice of sharing access rights of assets among the community will positively improve people's social responsibility while helping achieve a better living standard for all.
BizShake will build the foundation of this new market paradigm based on shared community access to assets while being able to achieve economic benefit in various forms"
ADVANTAGES OF CERTIFYING AND RECORDING VALUABLE ASSETS ON THE BLOCKCHAIN?
- It will give a guarantee about the asset's authenticity, condition and value;
- Prompt recognition of the asset, assurance of the asset being returned after renting or pawning period and if the asset is returned as the original one instead of a fungible or similar or fake one;
- All activities associated with the certified asset either renting or pawning is tracked, thereby creating an archive of access history for your asset.
BENEFITS OF USING BIZSHAKE PLATFORM
- A low transaction fee of 5% per transaction value (5% rental fee from SmartRent and 5% of interest from SmartPawn). All costs associated with the BizShake application utilization and from the rent or pawn amount are inclusive.
- Cryptocurrency and fiat are accepted as a means of transactions on the BizShake platform.
- Real-time conversion of fiat (government issued currencies) to digital assets for transactions purposes.
- The decentralized nature of the BizShake platform will all transactions to be between two parties in a secure and trustworthy environment.
- The BizShake platform will provide a fast transaction system because of the NEO blockchain that executes 1,000 TPS compared to the 15 TPS of the Ethereum blockchain. Imagine the speed of the transaction in real-time.
BIZSHAKE WEB AND MOBILE APPLICATIONS
The BizShake application which has two business models such as the SmartRent and the SmartPawn will be available for downloadable on the web (desktop), Android and iOS devices.
- SmartRent – this enables users to rent assets out at a given period of time. See the organogram of how it works below or what the video clip. Note that the lessor is the user that will lease the asset why lessee is the user who is interested in renting the asset.
- SmartPawn – this enables users called the pawners to acquire interim loans backed by an asset from other users called the lenders. See the organogram of how it works below or watch the video clip.
BIZSHAKE TOKEN
The BizShake token (BZS) is an NEO-5 token on the NEO blockchain that will be the fuel of the BizShake platform for all transactions, voting in the token holders steering committee for strategic business decisions. All token holders will be entitled to 30% dividends allocated by BizShake Inc.
The BizShake token private sale has ended on October 14, 2018, with the crowdsale that started October 15, 2018, and will be ending October 31, 2018.
- NAME: BIZSHAKE
- TICKER: BZS
- PROTOCOL: NEP-5
- TOTAL SUPPLY: 200,00,000 BZS
- SOFT CAP: 50,000 NEO
- PRIVATE + BZS TOKEN PRICE: 185 BZS IS EQUIVALENT TO 1 NEO (PRICE AS AT $75 PER NEO)
- CROWDSALE: STARTED OCTOBER 15, 2018 – OCTOBER 31, 2018
- MINIMUM CONTRIBUTION: 1 NEO
- ACCEPTED CRYPTOCURRENCY: NEO AND GAS
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CONCLUSION
BizShake has the insight to transform the way we rent and pawn assets in a more secure and convenient means. With the NEO blockchain integrated into the BizShake platform and its driven by the smart contracts, lending and pawning deals will be managed effectively. All transactions on the platform use the BizShake's native token (BZS) so there are no worries on how you are going to use your countries currency because there is a real-time currency exchange of fiat.
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ARTICLE WRITTEN BY MICKEY OBERABOR
BETA.BOUNTY0X.IO USERNAME: MICKEYBERRY1