Exchanging everyday items — on a peer-to-peer basis — is coming to the blockchain. And it’s all about the cost-saving efficiency of disintermediation.
The BizShake project is building the first decentralized, P2P renting and pawning ecosystem through a pair of DApps known as SmartRent and SmartPawn.
Today’s article is the last in a 5-part series all about BizShake. In case you missed the first 4 blog posts, here’s where you can find them:
- Part 1: The Honor of Becoming an NEP-5 Token
- Part 2: Team & Website
- Part 3: Tokenomics
- Part 4: Strategic Partnerships
Can the project ride the tsunami of Security Tokens rushing towards the land of crypto?
We’ll find out together. But first, let’s ensure we’re speaking the same language…
Disclaimer: This is not investment or financial advice. I’m not a financial expert by any stretch of the imagination. Most information within this article is speculative and merely personal opinion. Always conduct your own research before contributing to any startup projects.
Always remember that what you do with your funds is your decision to make. And if that decision proves too difficult for you alone, seek guidance from a financial professional.
I may or may not receive a small allocation of tokens for creating this content. That said, I do my best to remain unbiased and fair. I try to avoid all FOMO and FUD and never wish to impart those emotions on my fellow crypto-heads.
FYI: Certain countries are excluded from participating in BizShake’s upcoming STO. Don’t forget to check the (exciting!) terms and conditions page. No need to fret if your country is blacklisted; you’ll merely need to wait until BZS tokens are available on exchanges.
Frozen in Time
Before we get into the nuts and bolts of the BizShake roadmap, let’s have a chat about the general theories of these documents.
Roadmaps are essential at the onset of any project, blockchain or not. The team needs to clearly define where it wants to go, followed by exactly how it plans to get there.
But this is crypto — the space moves at breakneck speed. Teams who assess, adjust, adapt — test and test and test some more — can stay a few steps ahead of the competition.
Point is, don’t view a blockchain startup’s roadmap as a static, unyielding object. Instead, look at them as a framework for what’s to come, which may very well need to morph into something entirely different by the time the first product takes flight.
Case in point — although the current roadmap states otherwise, the BizShake STO is officially postponed while awaiting SEC approval for US citizens. A single development can have a domino effect on the entire map.
That said, roadmaps are still necessary and highly relevant. Potential contributors need assurance that a project’s team has a clear vision of what they’re trying to accomplish.
Without one, it’s tough to assess what a team feels they’re capable of achieving. Any startup is only as good as its team — they must earn the trust of those on the outside looking in.
We’re nearing the half-way mark of BizShake’s 2-year forecast
October marks a full year of progress for the BizShake project. I appreciate it when teams spend a good 12 months+ coding and testing, deploying and strategizing.
The BizShake Alpha is live now — go ahead and check out the selection of useful items spread throughout Europe, although the selection has plenty of room for expansion.
Let’s use the current ski bib as an example of how cost-effective this platform can be. As a parent who’s had to scramble to find last-minute kids’ gear for the slopes, I’m speaking from firsthand experience here.
Snow days can get expensive
Vacations in snow country aren’t exactly cheap. Between transportation for icy roads, lodging in mountain cabins, high-priced yet low-quality resort food, and all that specialized gear, snow games can drain your wallet quickly.
Involving kids in these winter activities can add a whole new level of expense. Renting planks and boards is easy. The ski shop has no shortage of them. But a ski bib or snowboard pants? Not so easy to find as a rental.
Plus, there’s a 99.99% chance that your little tyke outgrows whatever you put them in this year. Unlike us grownups, they can’t get away with wearing the same jacket for years on end.
Which brings us to the whole point of BizShake — some things, especially on vacation, are much better rented than purchased.
For a couple of bucks a day, so long as your winter wonderland is St. Petersburg, Russia, you can rent a ski bib and return it when the fun’s over.
The alternative is buying one just so Li’l Slugger can wear it a handful of times, which is a downright absurd juxtaposition.
As the platform matures, P2P asset exchange serves a larger population. Ideally, you’ll pull up the city you’re traveling to and discover a host of items on loan within the BizShake DApp.
The Road Ahead
Too big too fast can destroy the best of companies. Such a scenario doesn’t seem at play here.
The team is taking a systematic approach by going from Alpha to Beta with their platform’s applications, before integrating a full marketing department into their organization.
While some projects are content to make announcements of upcoming announcements intended to announce further announcements, BizShake doesn’t seem to be riding the hype train.
The goal is to get the bulk of the platform up and running before starting to spread the message throughout the cryptosphere.
And, as indicated in this series’ first article, BizShake already has the attention of the world’s millions of NEO followers because they chose to run their ecosystem with NEP-5 tokens.
Opening the platform to the rampant capitalism & consumerism of America is vital to the project’s overall success. The market is far too large to ignore.
Sailing into 2019 — assuming the SEC stops dragging its feet and grants the Reg. A+ classification BizShake already applied for — the project expects to realize some significant milestones.
Aspirations include getting half of the platform’s six ‘Smart’ components fully operational — Dispute, Pawn, and Rent.
Those last two are the lifeblood of the ecosystem and, considering the platform is already alive and growing, the team is on pace to hit their marks.
Having seen the platform in action, I’m looking forward to its full release.
Take a look around your house or apartment and, most likely, you’ll discover plenty of items you rarely or no longer use. Well, now you can rent them out.
Got yourself something durable? Rent it out enough, and you may very well collect more than you originally paid for it, assuming the BizShake ecosystem makes its way to your neighborhood.
And, as you were collecting fees, visitors were getting a bargain. Can you say win/win?
The BizShake project is well on its way to seeing widespread adoption. SEC Reg A+ clearance is an upcoming catalyst for growth.
After all, it’s tricky to hire marketing and customer service teams if govt. interference is token-blocking your fundraising efforts.
Once the legal team hacks through all the red tape, look for BizShake to be a strong contender in the blockchain niches of P2P as well as security tokens.
BizShake has excellent potential to become a standout blockchain project. I like the industry they’ve chosen, and agree with how they plan to gain market share.
But that’s just me — it’s essential for you to dig a little deeper into any project you may involve yourself with so you can formulate a unique opinion of your very own.
If this 5-part series wasn’t enough reading material, feel free to read your way through the BizShake Website.
And don’t forget the BizShake Whitepaper to discover more about the project and upcoming STO.
👇 Get Social with Team BizShake 👇
By the way…
If you like what you read here and need help getting your crypto message to the masses, I’d love to hear about your project.
Even if you just want to chat about your favorite projects, you’ll find me here: blockchainauthor at Gmail
This article was created in exchange for a potential token reward through Bounty0x. *** BountyOx username = blockchainauthor ***