AN OVERVIEW OF BIZSHAKE, THE P2P SHARING ECONOMY ON BLOCKCHAIN

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Hi there, lovely steemians! It’s been a while here. I trust we all are doing good. I’m still on track, bringing you review of some of the best ICOs out there in blockchain. So here I come and this time with Bizshake, the P2P sharing economy right on blockchain!

A sharing economy?

Absolutely!

This is probably another aspect of market that some do not know of. You see, it is a fact that in life some have excess of certain things while some do not have those things at all or do have enough of them to meet their needs at a point in time. This owes to the fact that life endows us all differentl so that some of us can afford some things while some of us cannot. Some of us live in locations that have abundant of certain things while some of us find ourselves in locations where those things are scarce. And in most cases, those resources/assets that we own lay wasting around us whereas somewhere in the world, some people are in dire need of it. This obviously brings about inequity in distribution of resources, etc and creates a kind of lopsidedness in the economy with attendant economic problems.


Bizshke is on a mission to bring a kind of equilibrium on the economy by offering a platform where people would be able to share their properties with one another while at the same benefiting from their use of those assets on the platform. Thus, bizshake is a project with cooperative consumption as its major focus, a hub for consumer Dapps on which users would be able to temporarily share right of usage of their assets with other users and benefits from such sharing also based on their pre-agreement.

The benefits derived from this nature of sharing are two edged while the owner of the asset enjoys economic benefits (optimizes)from sharing his asssets which would otherwise be of no immediate use to him, the other user renting enjoys full right of ownership of the asset at a little cost compared to the cost he would have had to pay to buy the asset new from suppliers or manufacturers. Thus, the ultimate impact of this cooperative consumption is minimizing costs of consumption in the society


More over, business owners can cash in on this opportunity by setting up their Dapps on the bizshake ecosystem using the bizshake protocol. This way, they would be able to promote their businesses, giving them a wider reach.


Bizshake is a project built on NEO blockchain; and as mentioned earlier, it would be a hub of some sort for consumer dapps. These dapps which would be build both by the bizshake temand it partners would have features to identify users and their activities on the platform such as user verification/authentication, transactions histories, etc.bin order to have a farther reach, the dapps would be in multiple languages and would be available for mobile devices and web, so be on the look out for them.


For more information on the bizshake project, please visit their official website at: https://www.bizshake.io
Also read their whitepaper here: https://www.bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG_2.pdf


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Bounty0x username: diana1