Categories: Ethereum

Blockchain-enabled Home Sharing Service Beenest Gets New Feature

Click here to view original web page at
bee token

Blockchain and distributed ledger technologies are taking over industries bringing with it better alternatives to in-demand services. The sharing economy is definitely not left out.

Beenest, from the Bee Token project, is one of the blockchain startups hoping to reinvent an area which has had more than its fair share of growth in the last couple of years—the home sharing and vacation home rentals.

Recently, the blockchain-powered alternative to AirBnB has introduced a new feature that will prevent a major challenge in the rental service business, double bookings. According to information made available to Smartereum, this new feature on the platform allows hosts to avoid double bookings. This follows a commitment to provide cutting-edge hospitality, part of its mission to deliver the future of home sharing.

According to information on the Bee Token website, the Beenest platform is “a decentralized marketplace where hosts make additional income, guests find unique accommodations and mediators resolve disputes quickly and easily.” The Bee Token team explained that it is building a peer-to-peer network of hosts and guests on the decentralized web that is free of middlemen.

Jonathan Chou, cofounder and CEO of the Bee Token, explained that through the use of blockchain technology, the project will address issues faced with the sharig economy, one of which is security.

He explained:

“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.”

Unlike AirBnB which charges up to 15 percent transaction fees, Beenest does not charge any direct commissions although the user could pay about 2 to 3 percent per transaction for insurance and gas fees on the ethereum blockchain.

Last February, the project completed a $15 million Initial Coin Offering for the Bee token (an ERC 20 compatible token). Holders of the Bee Token can book homes on the Beenest platform which is currently in an Alpha phase.

The Bee Token team is made up of top professionals who had stints with Google, Facebook, Uber, and Civic poised to bring uncommon innovation it the sharing economy space. It has introduced a set of payment, arbitration and reputation protocols that can be used to operate any sharing economy service. From transparent immutable reviews, decentralized arbitration, and tokenized payment system, Beenest is making good on the Bee Token promise.

The Bee token (BEE) has been listed on Bitrue exchange and IDEX.

Beenest, from the […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: decentral decentralized eth ether ethereum blockchain exchange platform

Recent Posts

  • Bitcoin Business

Robinhood App Encroaches on Banking Turf with High-Yield Money Tool

Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management… Read More

2 hours ago
  • Bitcoin Business

The blockchain/crypto week in quotes

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force.” US… Read More

2 hours ago
  • Bitcoin Business

Art and watch collectors: Here’s how blockchain can stamp out fakes

According to an OECD report on counterfeiting, the world trade in fake goods is worth upwards of S$624 billion a… Read More

2 hours ago
  • Bitcoin Business

Litecoin and the Miami Dolphins Join Hands Over Charity

Who would have known American football and cryptocurrency would go so well together? In a press release, The Miami Dolphins… Read More

8 hours ago
  • Bitcoin Business

Crypto News: Grayscale’s Record Inflows, Shell’s New Blockchain Investment

Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover… Read More

8 hours ago
  • Bitcoin Business

David Koepsell (YICB 07), Co-founder of Encrypgen, LLC and Blockchain in Healthcare Global

David Koepsell is the co-founder and chief executive officer of Encrypgen, a software company creating next-generation blockchain solutions for genomic… Read More

8 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More