Cozystay first in vacation rental space to use blockchain solution

Cozystay Holdings has partnered Singapore-based Share Everything Lab (SEL) to bring blockchain technology to the vacation-rental sharing economy.

The Vancouver-based vacation rental platform, which has been operating since 2015, will be the first adopter of blockchain-based trust protocols currently being developed by SEL.

SEL’s protocols intend to resolve four major pain points said to plague the vacation rental industry: double-booking, security and fraud, review reliability and high fees.

SEL said in a statement: “The success of our growth will come through proper technology and strategic partnerships to slowly evolve from an accommodation-sharing platform to a global sharing-economy website.”

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