Peer-to-peer (P2P) companies like Airbnb and Uber are considered trailblazers of the sharing economy. After all, they promise sharing the value of assets within their networks, lower transaction fees, and a platform for trusted and secure transactions. However, analysis of their business model more accurately reflects an “access economy” that requires users to pay a commission for access to their platform resulting in a concentrated distribution of ownership, double-digit transaction fees, alongside increasing reports of security breaches and data manipulation.
Enter Beenest, a decentralized housing platform hosted on the Ethereum blockchain. Beenest utilizes its in-house Bee Token providing a seamless user experience in the short-term housing rental market. Beenest provides all major functions between Hosts and Guest while sharing success amongst users, charging 0% commissions, and providing a secure platform for identity validation, payment verification and genuine reviews.
With strong growth in the short-term housing market and the growing acceptance of Ethereum and cryptocurrencies, Beenest will emerge as the leader of the short-term housing market and set the standard for real-life applications in cryptocurrency.
