WeTrust. In Blockchain. In People. In Bee.

San Fran-based Bee Token, which plans to offer a decentralized home-sharing network, announced its partnership with WeTrust, a collaborative savings and insurance platform built on blockchain.

This is Bee Token.

Bee Token, established last year, plans on creating a short-term housing rental service (called Beenest) that runs on blockchain and collects 0% commission. It will leverage immutable reviews and smart contracts to automatically release payments when host and guest agree.

This is WeTrust.

WeTrust, established in 2016, is an inclusive, decentralized platform that enables fair and equitable financial services (e.g. savings, lending, insurance products) to be built on the blockchain without the need for a traditional trusted third party.

 
Get a feel for WeTrust:

The two will collaborate to incentivize good behavior among users by sharing information around trustworthiness and creditworthiness, thus minimizing risks associated with property damage to hosts’ rentals. “We couldn’t be happier about this partnership with Bee Token. This collaboration is exactly the sort of innovative use case that we believe will demonstrate the advantages of our platform in managing the complex processes involved with decentralized insurance and insurance-like products across diverse industries” – WeTrust CEO George Li .

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