Two startups are teaming up with a view to offer one of the first insured, commission-free solutions for short-term home sharing.
San Francisco-based short-term housing rental startup Bee Token has announced establishing partnership with financial services platform WeTrust. The aim of this cooperation is to provide a decentralized insurance layer based on crowdsourced security deposits for Bee Token users as well as to improve risk assessment capabilities via integrating user history on the Beenest platform.
Bee Token is a decentralized ecosystem for the sharing economy powered by the BEE token. Being the first application in this ecosystem, Beenest is a home-sharing network built on top of a set of Bee Protocols that connects hosts with guests without taking any charges.
A new partner of the startup – WeTrust – is an inclusive, decentralized platform that enables fair and equitable financial services, including savings, lending, insurance products, to be built on the blockchain without the need for involvement of a traditional intermediary.
For achieving the set goals, the two startups are planning to organize an informational exchange with one another to share data about their users, including creditworthiness and trustworthiness of tenants and hosts. This move will also reduce risks associated with property …
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