Peer-to-Peer Accommodation Sub- letting Blockchain-based Platform
Date
2024-04-11
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Technology Sydney
Abstract
This study introduces Block2Let, a blockchain-based peer-to-peer (P2P)
platform for accommodation sub-letting. A systematic literature review carried
out revealed that the P2P accommodation industry relies heavily on third
parties. This exposes the industry to various challenges ranging from breach of
data integrity to violation of user privacy, poor transparency, and lack of trust.
In addition, most existing P2P accommodation sharing platforms lack adequate
decision support systems to guide property sub-leasers on fair pricing and local
tourism experiences.
To address these research gaps, this study develops the Block2Let, a platform
that combines blockchain, smart contracts, artificial intelligence, and local
experiences to provide an end-to-end solution for a complete tourism
experience. The platform is based on the Ethereum blockchain which ensures
the security, reliability, and transparency of transactions as property details are
verified, validated, and encrypted before being stored on the blockchain.
Furthermore, smart contracts are employed to automate and enforce
agreements between original property owners, original leasers, and sub-leasers.
Also, an AI algorithm is built to predict the optimal price of properties listed
on the Block2Let marketplace. This provides a guide for sub-leasers in making
informed decision when bidding for a property. Finally, the platform includes
local experience offers from tourism operators. Sub-leasers who make
successful bids can select from such local experience packages.
Description
Keywords
Blockchain, Peer-to-Peer Accommodation, ation, Sub-letting, Smart Contract