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Populstay is rebuilding the Airbnb home sharing model using blockchain technology. It charges a 3% commission for bookings, with 1.5% going to community rewards and 1.5% to the founder's team, significantly reducing booking costs compared to Airbnb. The startup has also developed a smart door lock that functions as a node on the blockchain network for increased security. Populstay aims to create a new home sharing community designed around blockchain technology rather than simply cloning Airbnb.

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Parth Hemant Purandare
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45 views

TAB Project Answer

Populstay is rebuilding the Airbnb home sharing model using blockchain technology. It charges a 3% commission for bookings, with 1.5% going to community rewards and 1.5% to the founder's team, significantly reducing booking costs compared to Airbnb. The startup has also developed a smart door lock that functions as a node on the blockchain network for increased security. Populstay aims to create a new home sharing community designed around blockchain technology rather than simply cloning Airbnb.

Uploaded by

Parth Hemant Purandare
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1.

Populstay Business Model and details

Populstay is rebuilding and challenging the Airbnb business model of home


stay using blockchain technology. Airbnb charges a platform fee for every
booking.

However, for every booking, Populstay charges 3% of the commission and


use it for community rewards (1.5%) and founder’s team (1.5%). This
significantly reduces the cost of make a booking.

The early token holders will enjoy the re‐distribution of the tokens as well
as the price appreciation of the token should they purchase our token. On
the other side of the startup, they have developed the first smart door lock
based on blockchain to be used in daily operation of the listings. This
makes the lock work as a node in the network instead of managed by a
centralized server, which is easy to be hacked. Therefore, PopulStay is not
simply an Airbnb clone, but rather a new home sharing community
redesigned based on blockchain technology.

Uses of Blockchain:

1. Smart Contracts

2. Know your customer and know your product(rooms) process through


bloackchain on D-App.

3. Grievance and dispute settlement

4. Payments via Populstay tokens called PPS.

5. These tokens are used as reward for loyal customers and those who
give good feedback.
Smart Lock: PPS token:

Smart Lock: Other IoT:


2. Give us your SWOT (Strengths, Weaknesses, Opportunities,
Threats) analysis of the company.

• Strength: Solid team with experience in engineering and blockchain


development. More importantly, the team has IoT experience and domain
knowledge about the business.
• Opportunities: The blockchain technology opens a new world of
possibilities for startups to redesign such products, especially since the
world is shifting from a business with middlemen to a business without
middlemen using technology. We see this can be another unicorn in the
next three to five years.
• Weakness: Millennials are starting to accept the idea of home-sharing as
an alternative to the hotels, however they are still in the early stage of
adopting cryptocurrencies, so it will take time for millennials to use them as
a payment or investment tool.
• Threats: The internet giants like Airbnb, Xiaozhu and Tujia may try to use
their powerful resources to compete with us in terms of customer
acquisition or listing acquisition. For example, they can force the host to not
list their properties in our community should they want a listing on their
website. This could block our development.

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