Bestay

Bestay is a Singapore-based technology company that has developed a platform on the blockchain specifically for the renting of accommodations and payment of utilities. The team behind the platform started developing the idea in 2017 and launched a beta version of it in 2019. The team at Bestay has stated they are focusing on hotels and apartments for short-term rentals and peer-to-peer asset management during the initial launch of the platform.

Bestay Introduction

Bestay is a decentralized accommodation-sharing platform, and it uses technology such as decentralized computing, Internet of Things (IoT), and data security. It is available for use through web browsers or by downloading the app from the Google Play or App Store. Below is a list of all the available features in the Bestay ecosystem and the services they provide to consumers:

• Be-Booking—online booking services
• Be-Go—moving services
• Be-Relax—entertainment services
• Be-Feeds—community social network
• Be-Beautiful—beauty services
• Be-Pay—payment services

Payments for all of the services are made with smart contracts, and the platform is designed to complete transactions for select cryptocurrencies, including its own BSY token. Other cryptocurrencies that can be stored in a wallet on the platform include Bitcoin, Ethereum, and Solana.