BizShake - the ecosystem of P2P payments based on NEO
In the existing B2C business model, which is currently used in the market, products with basic conditions are generated by the platform itself, and the services provided are centralized. The platform is responsible for offering a pool of assets of a particular class and makes it available for use. Those platforms that implement P2P collaboration centrally perform payments and transactions to ensure business security, which as a result leads to high costs in the work process and a high cost of services for both business owners and their customers. BizShake platform is the ecosystem of P2P payments based on NEO unit, operating on the principle of tokenization of real assets. Currently, the alpha version of the project is available, where you can check how the system operates.
Key features of BizShake
BizShake platform runs on P2P Sharing Economy 2.0 based on blockchain technology. The goal of BizShake is to achieve scalability in the user database of the project. For this reason, creators are actively working on the quality of the user interface. BizShake business contract will simplify access to the platform’s business functions. BizShake will be implemented on NEO blockchain, which can provide a high level of performance compared to other blockchain-based platforms.
Advantages of BizShake
The project’s users will have access to applications to conduct credit and leasing operations. Smart Rent and Smart Pawn will be available in all languages.
Smart Rent application helps to conduct safe and profitable leasing transactions. The application works with the use of smart contracts, which keep rent and deposit. As soon as assets are transferred from a lessor to a lessee, the lease payment will be transferred from lessee’s wallet to lessor's wallet. After the end of the lease period, a lessee transfers assets to lessor's balance. The deposit will be automatically unlocked by smart contract. Thanks to Smart Rent, users will be able to use safe leasing of necessary assets on favorable terms without overpayment.
Smart Pawn application will become a reliable assistant in the credit market. When making a transaction, assets are transferred from a borrower to a creditor. The loan amount is transferred from creditor’s wallet to borrower’s wallet. After the terms of the contract are fulfilled, a borrower returns the loan amount to a creditor. Assets are also transferred back from a creditor to a borrower. Smart Pawn helps users to contact directly, providing free cash on favorable terms to a borrower. Reinforcement of the credit transaction gives confidence to a creditor. A borrower, in turn, is exempt from paying high commission fees and long processing of documents.
The project developers do not stop there, and in the future they will continue to improve the existing economic market with the help of new developments.
One of the latest innovations is SmartDispute application. BizShake will introduce a decentralized dispute system based on the control of some users over others. This fully corresponds to the full-scale implementation of complex P2P exchange economy, as users will help others to resolve their disputes. Moreover, the decision of one arbitrator will be monitored by other arbitrators.
With the help of SmartIdentify function, BizShake platform will implement a special algorithm of artificial intelligence to analyze a user profile, the level of reliability of the information provided. This is possible through the collection of data from DAPP BizShake and external sources, such as government data, insurance policies, financial institutions, etc.
Using SmartAPI technology, BizShake platform will provide business owners with the opportunity to deploy more applications based on BizShake business logic and AI algorithms for analyzing markets and working with assets. Blockchain technology allows charging only 5% fee of a transaction amount performed in both Smart Rent and Smart Pawn. The fee is charged from a transaction amount automatically when it is performed.
BizShake cryptocurrency
BZS tokens are used to perform calculations within the project. 100 million BZSs are allocated for sale., The private sale starts from October 1. The minimum purchase amount is 1,500 NEOs. The fixed purchase amount is 185 BZS per 1 NEO. Until October 14, investors have the opportunity to purchase tokens with 40% bonus. The project’s softcap is 50,000 NEOs. The crowdsale lasts until the end of October.
Summary
Thus, BizShake platform introduces modern financial solutions. Modern technologies, reliable information storage with the help of blockchain technology, favorable operating conditions and convenient interface will bring great success to the project.
The project was launched in October last year, and till date it has released Smart Rent and Smart Pawn applications. The full functionality of the platform will be available by the end of 2019.
Links:
Website: https://bizshake.io
WhitePaper: https://bit.ly/2NsQoPM
Telegram: https://t.me/bizshake
Facebook: https://www.facebook.com/bizshake
Twitter: https://twitter.com/BizShake_ico
Medium: https://medium.com/bizshake
ANN: https://bitcointalk.org/index.php?topic=3223829.new
Author: https://bitcointalk.org/index.php?action=profile;u=980049
This article was created in exchange for a potential token reward through Bounty0x
Bounty0x username : the1arty
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.