Book your stay with CryptoBnB


What is CryptoBnB?
Blockchain has given the world what it needed most- security and transparency. Given these specifications, there have been many start-ups aiming to build a marketplace on the blockchain. CryptoBnB is developing an online hospitality marketplace for short term rental services. The platform is aimed to improve the existing short-term rental service thus, providing a better experience to travellers.
Short term rental is almost worth a 50 Billion of the Hotel Industry today, and with no doubt, the number has been growing. CryptoBnB is aiming to capture this short term rental market by combining 'AirBnB' and HomeAway with the blockchain thus giving a technical boost to these existing platform.
Weakness of the existing market
CryptoBnB team believes centralization to be the biggest drawback of the short-term rental service, due to which the people hosting different centralized platforms have higher expenditure and thus have to charge higher fees from their user. A higher fee means that there would be a limited customer base.
One of the most prevailing backdraw of centralized systems is fake rating and reviews. Millions of people fall prey to fake ratings and reviews and end up wasting their money on something useless or completely loosing it in the end. The decentralization of these platform makes sure that everyone knows who reviewed a place and whether the person was an actual tenant at the place.
With their past experience at AirBnB the team is sure that most of the trouble faced by existing short-term rental platforms is due to centralization so now the team is set to decentralize their existing platforms
Features of CryptoBnB
Apart from being built on the blockchain which gives the platform a smart-contract security and fool proofing, the platform uses AI to perfectly match the potentially best rental services with the customers based on their behaviour and previous choices on the platform. The platform charges a minimal transaction fees so the tenants can get a place within their accommodation budgets.
Apart from providing benefits to the tenants, the platform could act as a means of secondary income to those people who would like to share some part of their residence and get in travellers in exchange for a payment. This could be a good secondary work to housewives or young people looking for work.
Just like the pre-existing platforms, CryptoBnB is hosted as a web as well as mobile application. While on the fore-ground, the platform will look pretty similar to regular ones but the AI-powered search engine and the blockchain encryption and security are what will make CryptoBnB platform unique and better than the rest.
Conclusion
Given the current scenario, unlike years ago when it was considered 'bad' to stay at a stranger's house at a strange place, the young generation and tourists prefer staying in residences with regular native people and have a look at the real lives of the residents of a place.

The short-term rental service market is undoubtedly blooming and now is one of the best times to get a technological advantage in the market. Being one of the first platforms of its kind, the CryptoBnB platform, if developed properly, could have a great impact on the existing market. The CryptoBnB platform will be everything like the pre-existing platforms and more.
To know more visit:
Published By: Kishan748

Comments

Post a Comment

Popular posts from this blog

GAMBLICA: Play Big On the Decentralised Platform To Win Big

Image
Introduction Life is entertainment. The question is how you want to enjoy it. The modern trends in the entertainment and games have opened multiple avenues for the people to spend their income in the way they like. Gambling is rapidly rising in the online space beating the traditional market as most players are comfortable playing through their mobile. Despite the high rise in the gambling and betting industry, there are various key challenges in the industry which are not allowing the industry to reach its full potential. Hacked random number generator, Fraud Operator, block account of the jackpot winner, lack of personal data protection and Slow International payment are only a few of the many issues of the gambling industry. Do you think a solution can be found for the challenges associated with the industry? Solution Offered GAMBLICA is offering to build a transparent gambling platform for the players across the world. Running on decentralised smart contract system,
Read more

INTRO: Your Favourite Home Is Available on the Platform

Image
Buying property is one of the complex exercises that people go through multiple times in their life. So, the process of buying the property involves many aspects of the business and research. Much of the world's asset is stored in the real estate. People trust their property the most and believe that it does serve them a dual purpose in life. One purpose is the investment and another is the utility purposes. In the age of technology, data has become a key metric in decision making. The truth about a choice and an industry is amply clear when we distil it with the quality data. Data Analytics about the real estate can provide key insights to the people and help them choose the better property of their choice. Do you think a solution can found with the help of technology? Solution offered INTRO is the platform with the perfect solution for the real estate industry, developers and people. They have designed an ecosystem which consists of INTRO SALE, INTRO RESTATE and INTRO C
Read more

DEVELOPEO: Contribute to the Open source Platform and Get Rewards

Image
Introduction The world is rapidly changing and if we do not adapt to the changes then the only people left behind in the technology development will be us. Software has become the key component in every electronic device. People are worried about the jobs of tomorrow. Software professionals are making themselves up to date with the latest happenings in the industry. One of the core group which has influenced the technology development is the team of open source contributors. They have realised the true passion behind the work. Many people across the world contribute to the open source forums and website according to their interests. But, there are multiple challenges in the community which needs to solve before the further development can take place. Lack of funding in the open source software and rewarding the contributors in the community are the two of the most important issues. Developing world-class software requires talents who need to be paid for his/her contribution. Th
Read more