How GlobaliD empowered The Bee Token to take on the $250 billion sharing economy GlobaliD Follow Feb 21, 2018 · 2 min read

GlobaliD is thrilled to announce its partnership with The Bee Token, an automated home sharing platform that recently raised $15 million in new funding.

What is The Bee Token?

Think Uber and Airbnb except empowered by a blockchain approach. The goal of The Bee Token is to provide the utility of the sharing economy but with the benefits of decentralization. That means significantly lower fees (0 percent commission compared to double digits with some services) along with better security and data empowerment.

Where does globaliD fit in?

GlobaliD will serve as a core layer of how The Bee Token works. As The Bee Token explained:

“GlobaliD’s architecture serves as a core layer for secured and reliable identity verification, which is important for home sharing services or any decentralized sharing economy application to be built using BEE Protocols.”

The globaliD team + the Bee Token team!

The Bee Token’s Head of Business Development Min H. Kim added:

“We are happy to partner with GlobaliD which has a track record of execution with a released iPhone and Android application. We seek to make the user experience for existing users of GlobaliD onboarding onto Beenest very seamless, and are excited to provide GlobaliD users increased value and further use cases for the application.”

Why does this matter?

While digital identity is central to any modern startup offering, globaliD’s unique and versatile approach allows service providers to tackle a broad range of use cases at the intersection of technology and finance.

In the case of The Bee Token, that means powering an exciting new entrant in the $250 billion sharing economy.