The Bee Token, a decentralized sharing economy platform, has debuted a first look at Beenest, a short-term housing marketplace that uses blockchain technology to address some of the issues facing consumers in a centralised business model. Beenest provides a 0% commission solution; by removing the middlemen and introducing a decentralized, automated sharing economy platform, Beenest will avoid significant transaction fees and vulnerability to security breaches and data manipulation of short-term housing marketplaces.
Jonathan Chou, Bee Token CEO, said: “While the leading peer-to-peer sharing economy platforms like Airbnb and Uber have achieved astronomic success, the business models that have brought them to their multibillion dollar valuations are not in the best interest of consumers. High commission fees are charged to users, and the enormous value generated from these users that keep the network running goes into the pockets of a select few– the founders and investors. This current iteration of the sharing economy has amassed huge private valuations, but the future will be passing on that value to the users, and that’s what we’re building at The Bee Token.”