Bee Token — Jonathan Chou, CEO — Decentralized Vacation Rental Platform Utilizing Ethereum Smart Contracts
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 11 December 2017
⏱️ 16 minutes
🧾️ Download transcript
Summary
Bee Token's goal is to build a decentralized vacation rental and home sharing platform, similar to AirBNB, but without any of the middlemen or large commissions that are retained by the platform. In this way, Bee Token hopes to give more control and rewards back to those people who make such marketplaces a success, the homeowners, and renters themselves.
Using a different tokenization revenue model, fees are not charged if users pay in Bee Token. A 1% fee is charged for using Bitcoin or Ethereum, in order to trade it back to Bee Token cryptocurrency, and 4% for fiat currency, to cover credit card processing. Payment processing is done using Ethereum-based smart contracts so that Bee Token never directly touches your payment.
Customer service and conflict resolution will also be decentralized, with a decentralized website coming in the near future. Bee Token will start with rentals in San Francisco, and within a year plan to branch out to New York and Los Angeles. Private testing is underway, with a public beta by the end of December 2017 or beginning of January 2018. Due to strategic partnerships, they will have thousands of listings available as soon as they launch.
For more information, visit www.thebeetoken.com.
Transcript
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| 1:09.3 | Hello, this is Richard Jacobs with Future Check Podcast. My guess today is John |
| 1:16.2 | Chow, the CEO of B token, BEE. Like, John, how are you? Thank you, yeah, great. |
| 1:22.2 | Thank you for having me today. |
| 1:23.5 | Yeah. So, tell me about your business, what does the B token do? |
| 1:27.3 | Sure, so at the B token, we're trying to build a decentralized Airbnb and we're really excited about this project because at the heart of |
| 1:35.6 | cryptocurrency or a blockchain startup is the theology of removing the middleman so we're |
| 1:41.4 | able to remove the fees that airb&B does and also this the So how would decentralized Airbnb function differently from the current Airbnb? |
| 1:55.6 | Yeah, yeah, so exactly. So I think I might have jumped the gun there, but essentially the first part is the biology of removing the middle band, so making the 15 to 20 percent |
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