Evaluation of the project BizShake

The P2P[1] Sharing Ecosystem on NEO Blockchain Through Tokenization of Real-World Assets


 INTRODUCTION

BizShake utilizes the and the benefits  of  Blockchain:  trustworthy transactions. The nature of Blockchain is decentralized, which allows transactions executed to  be  completely  reliable.

This simple but powerful concept means that all transactions are traceable

The market for this technology is huge and has not been fully discovered.  It can be seen that there are many  companies  that focus  on renting assets,  but  few with successful stories of P2P sharing (i.e. Airbnb, Uber). The main reason is 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.

This kind of concern, even though understandable, is actually limiting the potential of everyday items we own. Moreover, it's increasing the demand for new objects, which consequently drives the world further into overproduction. This is not only a waste of resources  but  also  a  great  concern  to  our  society  as  we're  exploiting  the  world's resources without enjoying the full benefit of them.

All transactions on BizShake applications enable business to grow and further develop the sharing economy concept across all levels.

VISION

BizShake  develops  complete  ecosystem  of  dApps  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.

BizShake builds foundation of market  paradigm  based  on  shared community access to assets while being able to achieve economic benefit in various different forms

The multi-platform  applications developed by BizShake will  allow  users  to  exchange  the  temporary  usage  right  of  a  particular  asset  with  economic benefits for each party, based on  pre-exchange agreements. These multilanguage  applications  will  be  available  for  both  web  and  mobile  devices  (iOS  and Android).

Business  owners  can  use  the protocols  to  build  their  own  applications  based  on    vertical  market  needs  for  certain  asset  classes such as languages, geographic boundaries and user groups.

INNOVATION ASPECTS

·         Blockchain

 - All intermediaries in the renting/pawning process and in the payment process are cut

- Transparency and trust for the  safety  of  the  renting/pawning process are ensured

 - Frauds are reduced (or even eliminated)

·         NEO Blockchain

The NEO Blockchain offers the following advantages 

-  Scalability: 

- No need  to  update or introduce a new algorithm in the future;

- A base  for  a  consistent  creation  of  new  blocks  on  the  Blockchain

without  the  need  for  mining  PoW,  Proof  of  Work;

·         Profiling for User Experience Improvement:

BizShake will use all the information gathered from any available source,  after  explicit  user  approval,  not  only  to  enhance  the  calculation  of  the  Credibility Level but also to improve the User Experience, helping the user  to find new opportunities that can be of his/her real interests and needs.

·         Peer-to-Peer communications and Sub-communities:

BizShake will apply P2P dialogue functions and allow users to create subcommunities  based  on  specific  requirements  they  set  to  involve  other users in this community. Transactions between members of the same subcommunity can enjoy specific terms and conditions that will be decided by the  community  members.  Virtual  communities  of  users  with  same  interests,  location  or  other  specific  features are encouraged to form  and boost business concept together.

·         Assets verification and certification:

BizShake will ensure Qualified Certifier Users and authorize them to create  Digital  Certification  of  a  certain  asset  that  will  be  stored  into  the  Blockchain  so  that  the  owner  of  the  asset  can  grant  its  authenticity  to other users.


[1]  Peer-to-peer (P2P)computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application.

Disclaimer:
This article was created in exchange for a potential token reward through Bounty0x

This content publishing and intellectual rights of articlet freely over to: bizshake
Writen by a member bounty0x  @bathu89