BizShake - P2P Sharing Ecosystem with NEO Blockchain
The sharing economy is one of the fastest growing segments in business. The sharing economy allows people to rent out their own property for use by others. Airbnb, for example, allows travelers to rent out part of an apartment or house (or the whole thing!) instead of checking in at a hotel. Uber and Lyft are a proxy for taxi cabs, while RelayRides allow people to borrow their neighbors cars by the hour or by the day.
Unfortunately, the traditional sharing economy has its issues. It often levies high fees for using the platform, hurting individual users but benefitting the underlying corporation. Additionally centralized nature of the platforms means that users take a backseat in terms of priorities — no pun intended. Some companies have abused their power, getting access to private data without customers knowing.
In order to combat these issues, several companies are developing blockchain based sharing economy platforms. They are much more inexpensive to use and provide much needed transparency. In essence, these platforms severely limit, sometimes completely cut out, the need for a middleman. This allows true P2P interactions, eliminating the 20–30% transaction fees that come with centralized platforms. Because all transactions are logged on blockchains, all users can audit the network’s operations.
BizShake is a US startup that was formed from a team of retail, e-commerce and technology companies, and was formed with the vision that the P2P sharing economy will benefit our society as a whole. The company has offices in Hong Kong, New York, and Shanghai.
BizShake will implement a decentralized dispute solving system by assigning arbitration rights to the pool of users with the highest level of credibility. The dispute solving system is meant to regulate the liabilities of each transaction party involved and decide the level of penalties on a case-to-case basis. Arbiters will be rewarded with a small fee for each judgment they release.
BizShake will implement a decentralized dispute solving system by assigning arbitration rights to the pool of users with the highest level of credibility. The dispute solving system is meant to regulate the liabilities of each transaction party involved and decide the level of penalties on a case-to-case basis. Arbiters will be rewarded with a small fee for each judgment they release.
BizShake will implement specific AI algorithm to calculate user’s profile, ID and level of credibility, through multitude data from BizShake dAPPs and external sources such as government data, insurance, financial institutions, etc. SmartAPI will provide other business owners with the possibility to implement more applications based on BizShake business logic and AI algorithms for their vertical markets, specific asset classes and languages, in order to bring the maximum possible value to the community.
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In the P2P Sharing Economy 2.0 paradigm, Blockchain will execute transactions and payments; in this case the trust that is indispensable during the P2P transaction is provided by the Blockchain. BizShake applications will provide users with market access and business logic, for which a very small fee will be charged.
LINKS:
Website: https://bizshake.io
White Paper: https://bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG.pdf
Telegram: https://t.me/bizshake
Twitter: https://twitter.com/BizShake_ico
Facebook: https://www.facebook.com/bizshake
Bounty0x Username: serg544