Currently, the global rental market is estimated at 500 billion dollars with a 10% growth rate annually. Airbnb has about 6% of that current market with a market cap of 30 billion and revenues of 4 billion a year. Airbnb represents a startup that’s looking to capitalize on the market of trust between renters and owners. For their guarantees, they charge a 12% commission fee to the owners and 3% commission to the tenants. Disclosure: This is a Sponsored Article However, Airbnb’s service still cannot guarantee quality service to the customer. Owners may choose to renege on their obligations at
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Zangll, Bringing the Blockchain to Vacation Rentals
