CryptoBnB is a new generation market.
Hello, today I want to introduce you to CryptoBnB, I hope you will be interested.
CryptoBnB creates a market for a new generation of online, short-term rentals and smart tenant matches.
This new market aims to improve existing opportunities for travelers, offering greater efficiency in search, a 0 percent commission, lower network rates and better flexibility, using smartchain smart contracts in combination with the power of AI (artificial intelligence) and large data to search for the desired placement in the most effective way. This new blockchain technology provides a trust-based system that is built on electoral voting systems so that platform users can learn more about their peers. In addition, this technology will allow for peer-to-peer transactions for reliable rental of real estate without additional costs for the escrow service. This technology also allows a more intelligent intelligent way of P2P (peer-to-peer) marketing between hosts and travelers, while simultaneously increasing ROI (return on investment) for hosts.
This new generation of online hospitality and short-term vacation rentals will allow travelers and residents to engage in a huge residency market that matches their budgets and accommodation requirements around the world, while enhancing trust between homeowners and residents. The AI algorithm in conjunction with the block in the platform will create an exact match between homeowners and suitable short-term tenants, with a minimum commission for the transaction. This new generation of the market will allow homeowners and to quickly implement secure payments using tokens, without global barriers.
The short-term rental business model has proved itself in the modern economy and continues to grow at an annualized rate (Harpal, 2016). CryptoBnB aims to improve today’s P2P rental market by providing a more reliable, efficient, short-term rental platform.
CryptoBnB will be built on a unique proprietary technology that integrates some proven tools and technologies and will build on this with enhanced search and targeted marketing opportunities to create a more reliable, reliable ecosystem.
The main goal of CryptoBnB is to balance the bilateral market between users so that everyone can benefit. CryptoBnB will deal with fraudulent transactions through a robust process and technology.
CryptoBnB will use the CryptoDNA ™ protocol, which will unite the “power of three” first: block and intellectual contracts, artificial intelligence and large data. This will create reasonable hospitality that is beneficial to property owners and travelers, providing more accurate correspondence between
travelers and objects.
The platform is aimed at increasing the return on investment for hosts and service providers through an expanded the right traveler who is looking for this particular property or service.
The platform will be equipped with CryptoDNA ™, a patented technology that addresses the following challenges:
– Identifying the user to solve fraudulent claims
– a voting and evaluation system based on trust, so that users can know the ratings of their peers
– Self-learning smart wallet that captures the user’s preferences
– commission of 0 percent
– Clever P2P contracts and no intermediaries
– Marketing P2P using AI logic
– Restrict the network restrictions of micro transactions on the block chain and use IPFS (InterPlanetary File System) to handle this
Description of the market
The short-term housing rental market is currently one of the most attractive segments in real estate and real estate management. It aggressively changes the market share, from the existing hospitality industry to
individual owners, and the sector receives more recognition each year as hosts and travelers.
According to HomeAway, the online market for vacation rentals, listings have increased by 44 percent since 2009.
These growth rates and rapid market acceptance of the concept make any improvement in the route to the market very attractive with a huge potential success.
SWOT-analysis of the existing market
Assessing the Strengths, Weaknesses, Opportunities, and Threats (SWOTs) of an existing short-term lease platform can provide an excellent understanding of how an ideal system should look. CryptoBnB uses SWOT analysis to analyze the short-term lease market and guide the development of the CryptoBnB platform.
Current short-term rental platforms have led to a significant part of the population changing their forecast to the economy of hospitality. Ten years ago the idea of renting a room in a stranger’s house was not well received. This way of renting and traveling has become much more common, especially for Millennial travelers. This led to an increase of 10% or more per year for these platforms.
One of the main shortcomings of the short-term rental platform is centralization, which is a significant overhead, since hiring people in each country to manage platforms and be in touch is expensive.
CryptoBnB faces several threats that could adversely affect the industry segment. Fierce competition is a constant pressure on market share and prices. Traditional markets for hotel reservations such as Booking.com and Expedia provide access to short-term leases on their platforms, thus competing for market share.
Despite the fact that short-term rental platforms were successful, providing access to short-term stay
housing, the results of SWOT analysis show that there is an urgent need for
A new model that will eliminate gaps in existing platforms. CryptoBnB will be built on the already
Short-term leasing model, but with the introduction of advanced technologies based on the block chain
technology, AI and large data. These functions will allow our market to catapult success with growth
demand, new acquisitions and new products and services in this sector. This innovative approach to
short-term rent will make CryptoBnB a leading competitor in the short-term lease market. CryptoBnB –
the development of a unique patented application — the patented CryptoDNA ™ — that traditional hotels and rentsharing rentals
sites such as Airbnb, HomeAway, FlatClub and Wimdu are not currently used. The following schematic
shows how CryptoBnB will solve the current technological gaps of existing platforms.
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