OLD MODEL: B2C SHARING
CURRENT MODEL: P2P SHARING ECONOMY 1.0
THE NEW FRONTIER: P2P SHARING ECONOMY 2.0
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
As shown in the graphic below, BizShake applications are still providing “market access” to the supply side and demand side. However, unlike the traditional P2P model, all transactions are executed by the Blockchain and regulated by the Smart Contracts. The platform itself is not intervening in the transaction.
Advantages
Low Fees:
Leveraging on the Blockchain technology, the fee applied by BizShake will be as low as 5% of each transaction value in order to cover our business development, marketing and operation costs: 5% of rental fee from SmartRent and 5% of interests from SmartPawn. The fee will be automatically deducted from the rent/interests amount
Decentralize:
Decentralization is one of the major pillars of the Blockchain technology and we believe is the most appropriate way to implement real P2P applications. The concept of decentralization itself is what will allow users to trade within themselves without the need of intermediaries, therefore greatly reducing the cost and fee for users involved in the transactions
Easy to use:
The goal of BizShake is to achieve scalability in our user base. For this reason, we’re working hard on our User Interface in order to grant the best user experience. SmartRent and SmartPawn will be available in many languages in order to satisfy a different linguistic requirement. BizShake smart contract will facilitate the easy access to our business functionalities
Scalability:
The BizShake ecosystem will be implemented on the NEO Blockchain. The NEO Blockchain can already grant extraordinary performance level, compared to other SmartContracts Blockchain (1,000 TPS on NEO vs. 15 TPS on Ethereum). Neo can also achieve 10,000 TPS in the near future as officially disclosed by NEO team
Multiplatform:
BizShake applications will be available on multi-platforms. SmartRent and SmartPawn will be optimized for Desktop, Mobile and Tablet use. BizShake will encourage our partners to keep working with the same philosophy. New developments, with IoT functionalities, will be available in a second phase
Platforms
BizShake is going to release an application that will be available on Web and on Mobile platforms (iOS and Android). This application will have two different but complementary business models that will work independently from each other. We strongly believe that most of our users will take advantage of the different peculiarities of each model in order to achieve the highest benefit in any possible use case scenarios. The application will initially be available in English and Chinese (Mandarin); other languages will be available shortly after. The two business models developed by BizShake are going to be: SmartRent and SmartPawn
1. SmartRent
The basic idea of SmartRent is to allow users to lease assets to other users for a specific period of time.
The user that will lease the asset (lessor) will list that asset on the application, specifying the characteristics of the asset including: pictures/videos that better demonstrate the asset; range of rental fee per hour/day/week/month (actual rent fee will be calculated based on the lessee’s credibility level); the calendar indicating the dates when that asset is available to be leased; the geographic area in which the asset will be available to be shipped/handed over; the value of the asset and the amount of deposit that will be locked by the Blockchain (the lessor will be able, at his/her own discretion, to set different deposit amounts for users with different Credibility Level or subcommunities).
At each stage, a time limit will be set by Smart Contract: i.e: deadline for the lessor to send out the asset to the lessee; deadline for the lessee to confirm the asset status after receiving the confirmation request by the lessor, etc.
2. SmartPawn
The basic idea of SmartPawn is to allow users (pawners) to obtain a short-term loan, backed by an asset, from another user (lender).
The pawner can list an asset with a clear description and ask for a loan of a certain amout (up to its value) as well as the interest rate that he/she is willing to pay, the loan duration, a geographic request of the lender, and etc. The pawner, only for previously certified asset through SmartCertify, can also decide to apply for the insurance that will cover the difference between the certified value of the asset and the loan amount. Each stage of user engagement will be regulated with a specific timeline to facilitate the transaction.
Team
Advisors
Token economics
Total tokens quantity: 200,000,000
Token Available at Sales: 100,000,000
Token ticker: BZS
Token type: NEP-5
STO event dates:
Private sale:
• Start date: Oct 1st
, 2018
• End date: Oct 14th
, 2018
Crowd sale:
• Start date: Oct 15th
, 2018
• End date: Oct 31st
, 2018
STO Dates
Website: https://bizshake.io/