Zangll Vacation Home Startup Using Blockchain

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A new platform for vacation rentals called Zangll aims to use blockchain technology to ensure hosts, as well as their property, are always getting genuine and transparent feedback. 

The value of the vacation rental market globally is around $500 billion. Moreover, this market is growing it at least 10%. The market even though fragmented has a few large players like Airbnb which has revenue of more than $4 billion each year. The problem with Airbnb is that the host can change the facilities offered even at the last moment. That is why, even after checking the reviews, you would not be able to be sure that you would be able to get all the amenities which will promised to you.

Zangll aims to change that by verifying the host as well as their tenants using blockchain technology. This ensures that fake reviews are not an issue. Also, both the host as well as the tenants who register on the website is required to complete the QSC formalities. This ensures that both of them are genuine.

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Moreover, only when the transaction is completed, the stakeholders who are involved in the transaction are allowed to submit the reviews. As a result, most of the hosts of the websites try hard to satisfy their tenant so that they are able to get genuine reviews. Also, the website would be deleting the accounts of the host which are consistently getting lower reviews. This ensures that there is plenty at stake for the host.

Zangll has made the entire process of signing up on the website a lot easier. You have to first sign up on the website and thereafter, you have to search for the properties which you are interested in. You have to complete the KYC procedure and thereafter create a wallet. Once you buy that token, you would also be signing the smart contract. This ensures that the money which you have invested in the token would remain in the account until you and the host are completely satisfied with the transaction. In case, there is any problem, arbitration would be provided by the website.

In such a case, you can be sure that the hosts as well as the tenants, would always be making sure that the transaction goes smoothly because otherwise, there would be no proper flow of tokens and also the transaction would get stuck.

Legal Disclaimer: Smartereum does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice. Investing in cryptocurrencies and other Initial Coin Offerings ("ICOs") is highly risky and speculative, and this article is not a recommendation by Smartereum or the writer to invest in cryptocurrencies or other ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Smartereum makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author owns small amounts of cryptocurrency.
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About the author

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Omer Onder

Omer Onder - Social Media Editor
Digital media expert with 5 years journalism experience. A professional member of 'Canadian Journalists for Free Expression (CJFE)'.

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