A More Secure Way To Home Share? Blockchain Technology Posted on : Feb 16 - 2018

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 BeeToken is charging zero commission. Yes zero.

The Bee Token is using blockchain technology to give the power back to both hosts and guests with BeeNest.

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, Co-founder 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?

1. 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.
2. A decentralized arbitration system that resolves user disputes, providing positive incentives to grow a network of genuine arbiters and negative incentives to deter scammers.
3. 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 Bee Token. View More