Introduction
Bizshake.io is building a complete ecosystem of apps aimed at allowing and encouraging users to share their own properties, maximizing the value generated by their use and optimizing the assets allocation throughout the community itself. The development team aims to create a complete ecosystem of decentralized apps that let and encourage users to share their own properties, maximizing the value generated by their use and optimizing asset allocation across communities. Users will be confident that they are not being taken advantage of and be encouraged to share with Bizshake – who have created a SmartDispute System to defuse any transaction conflict that may arise during your experience on the ecosystem. BizShake’s business model will involve two business practices; Smartrent and Smartpawn.
Bizshake.io believe there is a potentially huge, mostly unexplored market for asset allocation optimization. There are many companies that focus on renting assets, but few with successful stories of P2P sharing (i.e. Airbnb, Uber). The main reason being trust in transactions. People are reluctant to lease to or rent from someone they don’t know, without the certainty of product quality or authenticity.
How BizShake Works
BizShake will be accessible through mobile apps for iOS and Android. You’ll also be able to purchase it over a web platform. You'll also have the ability to purchase it over a web platform. The core functions of the platform include"SmartRent" and"SmartPawn". Here's how each function works. The core functions of the platform include “SmartRent” and “SmartPawn”.
- SmartRent, 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. The time limit on the rental period will be set by a smart contract.
- SmartPawn, SmartPawn will allow users to receive a short-term loan from another user; the loan will be backed by the transfer of an asset. When the loan will be refunded, the asset will be transferred back. Using SmartPawn is another form in which the owner can exploit the fill potential of ownership.
- SmartCertify, That system will work with Certifier Users who can certify that a particular asset is exactly as described by the owner.
BizShake Features
- Decentralised Dispute system: Arbitration rights will be assigned to users with the most respectable credibility rating.
- 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.
BizShake Dispute Resolution
- The user who raised the dispute can choose one of the reasons why the issue arose, then ask for the equivalent penalty from the other party.
- If no agreement is reached in two rounds of offer and counter-offer, each user can escalate the issue into a Dispute.
- The smart contract will transfer the compensation decided by the arbiters from the deposit locked in the lessee’s wallet to the lessor, then unlock the remaining deposit.
Token Details
The BizShake ICO is scheduled to take place sometime in the near future. As of April 2018, a date for the crowdsale has not yet been announced. There’s a total supply of 200 million BZS tokens, with 50% of the tokens (100 million) available during the sale. BizShake is accepting NEO and GAS for its ICO. The exchange rate will be set at 1 NEO = 500 BZS or 1 GAS = 200 BZS. Of the remaining tokens, 30% is going to a resereve fund, 15% to the founders, and 5% to advisors.
Conclusion
BizShake aims to change the way we rent and pawn items online. The blockchain-based platform uses smart contracts to manage lending and pawning agreements. You can use BizShake to rent or pawn your own assets, for example, and generate income from things you’re not currently using.
For more information, please click the link below :
Website : https://bizshake.io/
Telegram : https://t.me/bizshake
Twitter : https://mobile.twitter.com/BizShake_ico
Facebook : https://www.facebook.com/bizshake/
Email : info@bizshake.io
BountyOx Username : wahyuuwayy
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