The distributed technology to ensure safe transactions & secure data management.
Directly from the sharing economy world, YOOKYE is born: the decentralized online platform, designed to allow direct contact between Hosts and Guests in the short-term real estate market.
At its core, YOOKYE has been developed to vastly reduce traditional transaction commissions and banish security concerns associated with managing data securely, whilst making sure information flow is transparent and accurate.
Users enjoy an interface designed to facilitate a secure and reliable booking service, with the possibility of using not only traditional payment methods, but also the most famous cryptocurrencies, BTC, ETH and the YOOK token. Using YOOKs tokens, Hosts have access to a series of unique services designed specifically to enhance and promote their business. This is the Travel Revolution.
Booking a home or an apartment through third-party platforms invariably leads to additional costs, often amounting to anything up to 25%. Despite claiming to promote mutually beneficial interaction between hosts and guests, existing booking companies represent impersonal centralised platforms, thriving on increasing cost, which fundamentally deviates from the original concept of mutually beneficial home sharing.
YOOKYE is a blockchain-based short term rental platform that aims to create a real, mutually beneficial shared economy removing traditional booking commissions costs and providing a reliable and technologically secure service. Transactions are secure, traceable and transparent and you can pay in BTC, ETH or YOOK Token. YOOKYE combines industry leading technological advances with first use of cryptocurrencies in everyday life, whilst engendering trust and real interaction between hosts and guests.
The graphical user interfaces (GUI), which is optimised for simplicity of use and works on desktop and mobile.
Not accessible to the user, centralized. The back end contains data that, due to operating costs, is not convenient to host on the Blockchain, for example photos, videos, etc.
BLOCKCHAIN ETHEREUM VIRTUAL MACHINE (“EVM”)
Contains information pertaining to agreements, including payment rules and rental contract transactions.
The YOOKYE platform comprises a web service, YOOKYE.IO and the related App. YOOKYE allows guests to interface directly with property hosts. Hosts access the platform to publish their own rental advertisements. Guests use the platform to search for offers suited to their individual needs.
During the Booking phase the platform connects to the decentralised Blockchain, where reservation data is stored and recorded.
This also includes the rental contracts, which are stipulated through Smart Contract, avoiding any intermediary.
A Smart Contract is a digitally signed agreement between two or more parties, written in a form of code.
The code and the contained clauses are saved on the decentralised Blockchain.
Smart Contracts are legally binding contracts; however, neither legal assistance nor an authority that verifies the content is required.
Hosts can advertise their own property with additional services to make the most of the possibilities of the platform, which can all be paid for using the YOOK token:
Top positions in search results
Upload more photos and videos Additional statistics
360° immersive videos WI-FI
Home Sharing Electronic Key Laundry Service Maintenance Service
According to a study by Juniper Research on the perspectives of world sharing economy, the turnover of the only Airbnb will grow from 2.3 billion to 6.1 billion dollars by 2019. The goal of YOOKIE is to reach an important position in this market, producing revenue through low reservation fees and “subscription packages”, optionally offered to the Hosts to increase visibility and get more bookings.
In 2018 the YOOKYE App for online reservation will be released for tablet and smartphone