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Online platforms are allowing users to share working spaces, livings spaces, and even rides. Take an Uber lately? It is a great age to be alive.
But there is a problem.
Networks like Uber and Airbnb create a space where security is hard to maintain. Whether you are a vlogger, digital nomad, or just someone who loves travel you are likely going through a middleman to book your trip, how you ride and where you stay. You do not know if you are looking at real reviews and if your identity is safe or your destination will really be there when you arrive.
Until now. Bee Token is revolutionizing the home sharing space with a peer-to-peer network. What is even more revolutionary is that Bee Token is charging zero commission. Yes zero.
Beenest is the home sharing platform of The Bee Token: a decentralized marketplace where hosts make additional income, guests find unique accommodations and mediators resolve disputes quickly and easily."
Jonathan Chou, cofounder and CEO of the Bee Token, explains why this technology is so important.
The use of blockchain and smart contracts will aid with alleviating the issues currently faced in the sharing economy. Smart contracts are programmable pieces of code that only act on rules agreed by both parties. Smart contracts eliminate the need for the middleman and allow users to transact in peace."
The technology is interesting but what does this mean for guests and hosts?
- A secure payment system that allows two authenticated P2P entities to send and receive money that gets held in Bee Tokens until after a successful exchange of services between the two entities.
- A decentralized arbitration system that resolves user disputes, providing positive incentives to grow a network of genuine arbiters and negative incentives to deter scammers.
- A reputation system that couples a valid identity, which is obtained by a trusted digital fingerprint protocol on the Ethereum blockchain, with a rating determined by transparent, immutable review and scoring interchange between P2P entities (such as guests and hosts). Read more about Bee Token.
The Bee Token team is made up of former employees from Google, Facebook, Uber, and Civic. They have seen both the immense value of technology and also its potential downfalls and are combining that knowledge to change things up.
Blockchain technology gives power back to the people and this has the potential to completely change the housing, coworking, and rental space.
Host Or Guest, You Want Security
If you are the owner or host you want to know that your rental space is going to be in the hands of a real human who cares about taking care of it and keeping it in good condition. One who will pay rent on time and be responsible.
If you are on the renter or traveler side you want to know you are guaranteed a safe space to be, live and work. You want to know that when you put in your personal information online it is stored safely. That the reviews you are seeing are from other real people like you.
Using blockchain in the home sharing space offers security, privacy and control. It is a win-win-win.
It is not just some fancy technology. It is about how you live your life. With more freedom to pick up and go other places. To live and work where you want when you want. To safely choose your bookings, listings and get real reviews.
The implications are huge and the Bee Token is just getting started. Learn more about the future of home sharing here.
