Instead of buying and owning things, users have developed the urge to lending the goods and paying for the experience of the products. Access has become the new form of ownership as owning in the current day feels like a burden. Further statistics have proven that there is a positive growth of revenue that is generated from sharing economy as compared to the economic growth of traditional rental process. There has been an evolution in the sharing economy business models. A brief of the sharing business models include:
The B2C sharing model
Most of the business that are part of the current ecosystem in sharing use this conventional model. This is the kind of model that the company owns the assets that are available for lending. In this form of business lending, the company running the rental business avails its products for credit. The platform runs the whole lending process, deals with transaction costs and builds trust with the users. In exchange for the rent fee and service fee, the platform must provide market accessibility for the assets and create trust.
This is a great revolution from the B2C model. In this sharing model, the concept of P2P is introduced whereby the platform can provide the market access to users. Users therefore achieve a link to supply and demand so that the transaction can be met. Unlike the B2C sharing economy, the company owning this platform does not own any of the assets being rent. On the contrary the company itself is responsible for transacting all the assets ownership. The company has the responsibility of creating trust to the users. It should offer and guarantee security of all transactions involved. The cost of assuredconfidence and security is transferred to the customers through the series of fees that they pay. This is the current sharing economy model.
Sharing economy to be used by Bizshake
There is a new frontier called the sharing economy. Bizshake is going above the existing models to create their own business sharing model that is decentralised. By using the neo blockchain technology, they will create a decentralise P2P platform that will guarantee sharing. The platform built will ensure there is trust and the costs involved in P2P platforms are significantly reduced. Bizshake technology will be able to provide the market access to the supply side of the market as well as the demand side. Unlike the traditionally P2P model, these transactions will be executed via blockchain technology. The sales are also regulated by smart contracts meaning that the platform will have no involvement in the operations. Disputes will be solved amongst yourselves too. Users with the highest credibility level will be given rights to being arbitrators. They will intervene in the conflictsreasonably and listen to both sides because they have more experience in the transactions. For every argument that they speak successfully, they will be awarded with a small amount.
From the conventional, the current and the new frontier business model, there has been constant improvements in the sharing economy model. Bizshake has embraced what can be termed as the most convenient sharing economy model.
Website Link: https://www.bizshake.io
Whitepaper Link : https://www.bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG_0.pdf
Telegram Link : https://t.me/bizshake
Facebook Link: https://www.facebook.com/bizshake
Twitter Link : https://twitter.com/bizshake_ico
Bitcointalk Username : ariaemily
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1434888
ETH address : 0xde404aDd3Ed4f199fFA88b7350c0Af27D7035151