BizShake - New P2P Sharing Ecosystem on Blockchain
What is Blockchain?
The Blockchain is a technology based on the virtual digitized decentralized network with “blocks” of information. When you add any information in the network, you add it in all computers in the network. But if another user in this network adds his information and make a new block after yours, you can’t modify your block. However, you can edit your block if you make it editing from all computers in the network and make similar changes in one moment only. It makes Blockchain one of the best technology for saving and structure information.
When Blockchain block is created and filled with information, miners will put it through the process. They take the information in the block and apply a mathematical formula, turning it into something else, a hash. Hash is short and consists of letters and numbers in the first eye with random consistency. Hash will be stored with the block, at the end of the chain, any next hash contains all previous hashes. Hashes have some properties. It’s easy to produce a hash from a collection of data like a bitcoin block, but it’s practically impossible to work out what the data was just by looking at the hash. And while it is very easy to produce a hash from a large amount of data, each hash is unique. If you change just one sign in a bitcoin block, its hash will change completely.
What is BizShake?
BizShake is committed to create the first decentralized P2P Renting and Pawning Ecosystem based on NEO Blockchain technology. BizShake will bring advantages for all the Users that will be involved in our eCommerce model revolution. Users of the Application will benefit from lower fees. Investors will benefit from increasing price of the token. Arbiter users will benefit from getting a commission for helping to solve the disputes arose during. And verifier users will benefit from getting a commission for authentication and evaluation of assets as well as customer base increase and retention.
In the P2P Sharing Economy 2.0 paradigm, Blockchain will execute transactions and payments; in this case, the trust that is indispensable during the P2P transaction is provided by the Blockchain. BizShake applications will provide users with market access and business logic, for which a very small fee will be charged.
BizShake will implement specific AI algorithm to calculate user’s profile, ID and level of credibility, through multitude data from BizShake dAPPs and external sources such as government data, insurance, financial institutions, etc.
SmartAPI will provide other business owners with the possibility to implement more applications based on BizShake business logic and AI algorithms for their vertical markets, specific asset classes and languages, in order to bring the maximum possible value to the community.
BizShake will implement a decentralized dispute solving system by assigning arbitration rights to the pool of users with the highest level of credibility. The dispute solving system is meant to regulate the liabilities of each transaction party involved and decide the level of penalties on a case-to-case basis. Arbiters will be rewarded with a small fee for each judgment they release.
LINKS:
Website: https://bizshake.io/
WhitePaper: https://bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG.pdf
Telegram: https://t.me/bizshake
Twitter: https://twitter.com/BizShake_ico
Facebook: https://www.facebook.com/bizshake
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