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

sieemma (37)in #cryptocurrency • 7 years ago (edited)

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Asset market is yet to be explored fully and the reason for it not being much explored is transactional trust between parties. This is a matter of great concern as it limits our ability to possess what we want to own and also, leading to overproduction due to high demand for products.

Will this be the trend forever?
NO, with knowledge in blockchain technology, Bizshake has come to solve this issue using a principal benefit of blockchain which is "trustworthy transactions".
The principle of decentralized blockchain allows transactions executed by Smart Contracts to be completely reliable as all the nodes of the Blockchain can store and certify that the transaction was actually executed.

Brief information About Bizshake

VISION: BizShake will build the foundation of this new market paradigm based on shared
community access to assets while being able to achieve economic benefit in various
forms.

MISSION: BizShake will implement Sharing Economy 2.0 through P2P transactions without
intermediary costs for trust provision, based on the Blockchain technology, greatly
reducing transaction fees for users.

ASPECTS WHERE INNOVATIONS WILL BE BASED ON

The blockchain: This will help to reduce fraud in the payment/pawning process.
NEO Blockchain: NEO Blockchain was chosen for its Scalability, Quantum Proof Algorithm, dBFT and Digital
Identity implementation.
User Identification and Credibility Level: BizShake will implement an AI algorithm to calculate a user’s profile, ID
and level of credibility, through the multitude of data from BizShake dAPPs and
external sources available on the NEO Blockchain.
. Profiling for User Experience Improvement: To enhance the calculation of the
credibility level and also to improve the user experience, BizShake will use information gathered from any available source after the user approval to help them find opportunities of interest.
Peer-to-Peer communications and Sub-communities: BizShake will apply Peer-to-peer dialogue functions and allow users to create subcommunities.
Assets verification and certification: BizShake will implement an affiliation program to involve certified users in
order to greatly reduce fake or broken objects when renting or pawning high-value assets.
Decentralized Dispute Solution: BizShake will assign arbitration rights to the pool of users with the highest level of
credibility.

MARKET REVIEW

BizShake will implement applications that will overcome the current burdens and can fully deploy the potential of Sharing Economy 2.0, a decentralized cooperative consumption business model.

THE SHARING ECONOMY BUSINESS MODELS

The conventional: B2C Sharing Economy
The current: P2P Sharing Economy 1.0

3. The new frontier: Sharing economy 2.0 Our Focus BitShake Model
This innovative model will be used by BizShake by creating a truly decentralized P2P platform utilizing the NEO blockchain.

BUSINESS MODEL
BizShake will release an application that will be available on the Web and on Mobile platforms ( both iOS and Android). This application will have two different business models that will work independently but will complement each other.

SmartRent: This will allow users to lease assets to other users for a specific period of time.
The user that will be interested in renting the asset (lessee) will reserve the asset and make the requested deposit amount available in the wallet.

Stages involved

Advantages of the parties
1. Lessor

a. Enjoys economic benefit out of an asset that otherwise, for a
certain period, would sit dormant without producing any benefit for the
owner.
b. Can decide freely when to lend their own asset without any temporary
boundaries in terms of period and duration;
c. Can safely engage in the lending process because of the trust
embedded in the Blockchain technology;
d. Can be sure that in case leased asset is damaged, lost or stolen (or in
any other case that will be specified in the leasing clause), the lost
value will be fairly determined and transferred to his/her wallet by the
Blockchain, according to the SmartDispute system that will be
implemented transparently in the Smart Contract.

2. Lessee:

a. Can enjoy all the benefits of the access to a certain asset for a predetermined
period of time without the need to invest money in
purchasing that particular asset;
b. Renting asset grants a high level of freedom of change. Usually, it’s
not difficult to rent a certain asset for a period of time. With the same
amount of money to buy that specific asset, the lessee can enjoy many
different products at their convenience;
c. The deposit will be safely locked by the Blockchain in lessee’s own
wallet. It won’t be transferred to the lessor’s wallet unless otherwise
decided by the SmartDispute system. In this way, the lessee can be
sure that he/she will receive back the deposit once the renting period
will end.

SmartPawn model
This allows users (spawners) to obtain a short-term loan, backed by an asset, from another user (lender).

The stages:

Advantages of the parties
Pawner:

a. Will be able to monetize from an asset during a certain period without
losing the property right of it；
b. Can decide freely when to pawn his/her own asset without any temporal
boundaries in terms of period and duration;
c. Can safely engage in the pawning process because of the trust embedded
in the Blockchain technology;
d. Can be sure that, in case pawned asset is damaged, lost or stolen (or in
any other case that will be specified in the pawning clause), SmartDispute
system that will be implemented transparently in the Smart Contract, will
fairly evaluate and determine the loss value and release a sentence to
help the pawner to get a fair amount of compensation.

Lender:
a. Can enjoy all the benefits of the access to a certain asset for a certain
period, by lending out an amount that is lower than the asset value;
b. Can enjoy economic return through interest accrued;
c. Can keep the asset if, at the end of the agreed period, the pawner doesn’t
return the lent amount.

PROJECT ROADMAP

Token economics
There will be a crowdsale to generate funds for the project. Below are details of the token generation event:

Total tokens quantity: 200,000,000
Token Available at Sales: 100,000,000
Token ticker: BZS
Token type: NEP-5
Private sale:
• Start date: Oct 1st, 2018
• End date: Oct 14th, 2018

Crowd sale:
• Start date: Oct 15th, 2018
• End date: Oct 31st, 2018