Every person around the world doesn't own every asset needed to run his life. If he has excess quantity of assets, he will lease it and if he has deficiency of any asset, then he will rent it. Because purchasing every necessary asset is not economically possible. That's why sharing system is more important.
The overwhelming consumerism opens a door for sharing market. By realising the potential growth in this sharing market many companies have emerged as a big players like Airbnb, Uber etc.
The increasing demand for consumer objects, drives it towards overproduction. Which is a complete waste of our useful resources. There is a need for asset allocation and optimization, so that there is a sufficiency of every assets which makes better living standard for all.
And BizShake is bringing an innovative business model for P2P sharing Ecosystem on blockchain technology.
Project objective
The main aim of BizShake is to create a decentralized ecosystem for P2P sharing market. By the implementation of P2P sharing economy 2.0, all the intermediary costs will be eliminated and transaction fees will be reduced through blockchain technology. This sharing asset model among the community improve everyone's living standard. BizShake wants to create a new paradigm in P2P sharing ecosystem.
Principle of Operation
In sharing economic model Trust is the only factor required to perform a transaction. And BizShake wants to provide highest level of trust and transparency through blockchain technology. As blockchain technology is immutible, incorruptible and unhackable it provides the highest level of trust and also helps to cut all the intermediaries from pawning/renting/payment systems. Automatically executing smart contracts provides faster, reliable and scalable transactions.
BizShake's decentralized P2P sharing economy 2.0 model helps to minimize the transaction fee. Here blockchain technology and smart contracts provides market access between demand side and supply side in a decentralized way. All the transactions are verified and regulated through smart contracts.
In order to check user identification and credibility level, BizShake implemented AI algorithms. These algorithms calculate users credibility level from his past transactions with dAPPS of BizShake ecosystem. Through multitude sources like government, insurance and financial data, BizShake verifies user's profile, ID and credibility level. Individuals verified credibility level data is stored on NEO blockchain and can be shared with other dAPPS on BizShake platform.
To enhance the peer to peer sharing model, BizShake allow users to create communities and sub communities with specified terms & conditions as decided by all members of the community. Users of same interest, location can create their own community. These communities will helps to improve P2P sharing model.
BizShake has taken a major step in certification and verification of assets. It will hire professionals (like jeweler's, luxury experts, car repairs/dealers etc) with right qualification in certifying a particular asset. The certifier will receive compensation for verification and certification of assets. Thus only authentic and certified assets are stored on blockchain which helps pawning/renting of only good quality assets.
BizShake's Decentralized dispute solving system helps to regulate liabilities of every party involved in the transaction. Penalities will be given in case to case basis. Arbiters will receive reward for making the judgement.
BizShake's Business Model
Users can access BizShake platform through web and mobile applications. There are two main business model in BizShake ecosystem are:
• SmartRent feature allow users to lease their assets with pre determined conditions such as rent charges per duration period, geographic location and pre insurance cover etc. All this process is automated using smart contracts and once the time limit ends, the smart contract triggers the next action set by lessor such as returning the asset.
• SmartPawn allow users to obtain a short term loan based on their asset from lenders. Pawners (users) can list smart certified assets with its clear description to lenders for asking a loan. Pawners will have to pay pre determined interest rates. Pawners can also decide to apply for insurance cover for the difference amount of certified value and loan amount.
ICO Details
• Token ticker: BZS
• Token type: NEP-5
• Total token supply: 200.000.000
• Token available for sale: 100.000.000
• Softcap: 50,000 NEO
• Price: 1NEO = 185 BZS
• Accepted currency: NEO, GAS, ONT
Token distribution
Team
Roadmap
Conclusion
BizShake wants to revolutionize the decentralized P2P sharing ecosystem of real world assets through Neo blockchain technology. By implementing sharing economy 2.0, brings a new era in sharing model by eliminating all intermediaries and reducing transaction fee. BizShake's business model brings a new level of trust in the system so that people can lease/rent assets with free mind. BizShake is a very promising project to bring change in the sharing ecosystem. It is an amazing project to invest.
Learn more about BizShake:
Website: https://bizshake.io/
Read whitepaper: https://bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG_1.pdf
Telegram: https://t.me/bizshake
Twitter: https://twitter.com/BizShake_ico
Facebook: https://www.facebook.com/bizshake/
LinkedIn: https://www.linkedin.com/company/bizshake/
Reddit: https://www.reddit.com/r/BizShake/
GitHub: https://github.com/BizShake/BizShake-MVP
About Author:
Bitcointalk username: Abhijeetcg
Bounty0x username: abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
NEO address: ASLftN1Dezsj3CnAC9AE8EGxQxpEU2iv94
Disclaimer
This article was created in exchange for a potential token reward through Bounty0x.
