The concept of P2P (peer to peer) renting, swapping and trading goods and services which makes up the sharing economy, originally termed 'collaborative consumption, is motivated by the wish to find an alternative to consumerism and to maintain a quality of life in a sustainable way. The socioeconomic effect of this altruistic form of exchange among peers combines community building with entrepreneurship.
Decreased purchasing power
With a true annual inflation rate of 10-15%, an ever increasing number of people around the world are taking advantage of the sharing economy as it gives them the opportunity to enjoy life to the fullest despite a decrease in disposable income and purchasing power.
AirBNB is one of the most popular global sharing economy businesses. It's value has grown from $0 to $38 billion in only 10 years. This P2P (peer to peer) short term property rental service which started with a single air mattress, now lists millions of rentals in 191 countries.
The fees, however, are no laughing matter and can be as high as 15% per booking. With only 3,000 employees and annual revenues of $2.6 billion, AirBNB has proven to be a success.
The innovation brought on by the blockchain industry, which also combines community building with entrepreneurship, drives the P2P concept further away from the centralized B2C (business to consumer) model toward a global decentralized system in which individuals conduct business secured by smart contracts and the blockchain itself.
The latest example of this new development is BizShake, a multi-platform, multi-language, NEO based mobile dApp (decentralized application) system designed to enable users to rent and pawn assets without a middleman in which transactions are executed by the blockchain.
The NEO blockchain currently processes 1,000 transactions per second (expected to grow to 100,000 TPS by 2020) and includes a Quantum Proof cryptography algorithm (quantum computer resistant encryption) and a Digital Identity Protocol (government, insurance, financial and social data).
BizShake's AI algorithm will process user data and calculate credibility and trustworthiness.
BizShake's Smart dApps will be used by people who are looking to rent a space for a short period of time. The party booking a place will pay the host for the accommodations which typically includes a deposit.
Unlike with AirBNB, however, the process is more automated and secure because the funds are held by the blockchain technology. This means lower transaction fees and more money in your pocket. Being able to spend less on fees means more travel and more income for hosts who can reinvest and improve or grow their small business.
Temporary accommodations are just one example BizShake plans to use its dApps for. The goal is to create as many dApps as needed to allow for a varied P2P asset rental.
BizShake's SmartPawn dApps will be temporary P2P asset backed loans. As with SmartRent, transactions will be handled by the blockchain. There will be an agreed upon interest rate added to the loan as well as optional insurance to cover the difference between the asset value and the loan amount.
BizShake will implement user approved AI IDV (identity verification) solutions as a part of the application process to ensure platform wide accountability and security. The data, along with virtual BizShake user communities' input, will be used to rank users. Higher ranked users will be rewarded with discounts and lower interest rates on loans.
Proofs of existence, ownership, state, quality and authenticity of assets will come in the form of digital certificates created by third party asset certifiers.
Smart Dispute will be a P2P decentralized arbitration solution in which higher ranking users help settle issues, including liabilities and penalties in exchange for token rewards.
Users will have the option to deposit funds in fiat and have them exchanged automatically into crypto at the time of the transaction as a protection measure against crypto volatility.
BizShake will charge a 5% rental and pawn transaction fee. Other than that, BizShake will be free to use.
The BZS token
The total supply is at 200 million tokens, half of which will be offered during the ICO. BZS is a NEP-5 (NEO Enhancement Protocol) token, comparable to the Ethereum based ERC-20 token. NEP-5 tokens are stored in NEO compatible wallets like NEON, Morpheus and Ledger Nano. Compared to the ERC-20, NEP-5 is considerably faster with minimal transaction cost (GAS is charged and then refunded to individuals).
The BizShake ICO
There will be a 2 week private sale from October 1st throgh October 14th 2018. The main sale is scheduled to take place between October 15th and October 31st 2018. 1 BZS is expected to be worth about thirty cents (USD). KYC/AML will be done by IdentityMind.
Earlier this month, Microsoft, the proprietary software giant, acquired Github, the largest open source code hosting and management platform in the world, for a cool $7.5B. And, while Microsoft brought an end to Github's financial struggles, Github's 28 million users aren't too happy about the deal.
In recent years, developers have been ignoring Microsoft in favor of mobile, social, cloud and blockchain development, which in turn lead to Microsoft becoming the biggest contributor to Github, and ultimately its owner. Now, Microsoft hopes to attract developers by taking over and 'improving' Github.
Programmers and scientists alike have been expressing their discontent since, fearing that the transparency and safety of their work may be in jeopardy.
The general consensus is that large, centralized companies like Microsoft are not compatible with open sourced community projects. The nature of open source is one of sharing and free collaboration rather than ownership and monopoly.
Fears of censorship applied to code, comments and requests inspired a mass move from Github to Gitlab, Keybase, Git-ssb, GitTorrent and even SourceForge, and calls for a decentralized blockchain based repository are growing.
The crypto crowd is alarmed, but not as much as expected. Blockchain code migration is taking place rather slowly. As the place to be for blockchain code development, wallets, verification, downloads, updates, improvements, proof of activity, proposals and discussion, Microsoft's Github is acting as a reminder that decentralization is the goal.
In the cryptosphere all talk is about crypto/blockchain going mainstream, but it looks like the time has arrived for crypto and blockchain projects to use decentralized blockchain based development and marketing applications and platforms - those not controlled by a single entity, censorship-resistant and with no infrastructural central point of failure.
Another lesson to be drawn from this development is that blockchain projects should put more effort into blockchain to blockchain partnerships and collaborations instead of competition. Using each other's platforms for mutual advancement and the overall growth of the ecosystem should be the name of the game from now on.
And as for the mainstream crowd, they're coming in droves looking for alternatives and above all, real world utility.
Meanwhile, the centralized, mainstream social media is full of frustrated users who write about how Microsoft ruined Skype, Hotmail, Nokia, Spotify, Minecraft and now Github.
We have started the process of #movingtogitlab for our Open Source Projects. ~ Twitter@Bliss_ROMs
I am #movingtogitlab ! Sorry @github, you don't deserve a parent like @Microsoft . Few years ago they were against GNU/Linux and FOSS as well as we can't forget what have they done to @nokia and @Skype. ~ Twitter@GHackz_
Now that @github is being absorbed by @Microsoft, it will suck just like @Skype and @LinkedIn do. I moved all my repos to GitLab - only took a minute for all 50 of my repositories to migrate over #movingtogitlab. ~ Twitter@rinetguy
What makes me worry about the #github acquisition by #Microsoft is the fact that they will be placed under the Cloud and IA dept. which makes me think of how they could use all our repositories and code as a huge data collection to train a #MachineLearning. ~ Twitter@daniel_petrica
Anybody who thinks that a company would spend US $7.5 bn for altruistic motives is hopelessly naive. How was this acquisition pitched to the board? How long was this in planning? #movingtogitlab #fuckmicrosoft @github. ~ Twitter@jeanlafitte17
Less than three months from now (6/18/18), ZClassic is going to fork again. This time the resulting privacy coin is going to be Anonymous Bitcoin, ANON.
Those who followed or participated in the previous fork which resulted in BTCP (Bitcoin Private), need not be worried.
Rhett Creighton is not involved this time and has long moved on from ZClassic to Primecoin (XPM). Rumor has it that he's busy forking Primecoin into Bitcoin Prime.
If you're wondering what the point of yet another fork is, consider that Bitcoin Core (BTC) is neither private nor stakable. And let's not forget (and who could, anyway) the sorry state of the market.
Gains are still made by miners if they can manage the rising expenses of having to constantly buy new, expensive hardware.
It's said that staking is the new mining, but you have to own 1,000 coins to do it, which means you either have to have half a mil lying around to stake a solid coin like DASH or you can stake a sub-cent coin in hopes it eventually gets listed on a real exchange.
This is where ANON comes in. Not only can you get one ZCL for tens bucks, but you only need 100 ZCL to get 100 ANON which buys you a masternode to stake at a rate of 35% of the block reward. Talk about easy passive income.
And if you are a miner, you still get a block reward of 65% because ANON is a POW/POS hybrid - a Proof of Work coin with masternodes. There is no premine and coins will be burned in January 2019.
The privacy feature is the same as with ZCL and BTCP, something BTC does not have. It should be noted that the privacy feature is optional, something having to do with pleasing exchanges.
And, on the topic of exchanges... The most unique benefit the ANON team (dev team lead is none other than Sam Abbassi) offers that literally no one else does is this:
Supporting exchanges will be announced 2 weeks before the snapshot!
Mark this date in your calendar: 8/15/2018.