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Verification process - 3 Basic steps for secure renting

I am looking for an apartment to live in and my potential host uses the verification process by booking.com. Generally, the process includes 3 basic steps:

1. The host will send the documents to Booking.com and Booking.com will verify if he/she is, in fact, the owner of the property.
2. After the Host is verified successfully the Potential Tenant will receive an e-mail with his verification instructions (transfer a deposit (1 month of rent + 3 months security deposit) to a blocked account.
3. If the Potential Tenant verification is completed successfully Booking.com will guarantee the Tenant to the Host and to all Hosts or Property managers that use Booking.com

This is the first time I heard about it so I am not sure if it exists or not.

Has anyone ever used this service of booking.com?

Thanks

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