For more than a thousand of year’s community are sharing assets like a fishing boat, house, or cooking utensils. Sharing economy is something unknowingly cultured to us, it exists from a long time deep into our roots. Sharing economy bring new industry, we might heard it to someone we know buying a house just to use it for Airbnb or buy a car just to join Uber. Thanks to the internet it is easier for individuals to share or to rent assets. For car owners there is UBER, for house owners, there is Airbnb, for talent sharing there is UpWork, for reselling there is eBay there are tons to choose from anything we need. It gives extra income for unutilized asset and new opportunities for anyone who has a creative idea. It rises for a better community because of the user's reviews, owners will do its best just to get the best review.
Knowing what is sharing economy I found a project that enhances the experience of sharing economy introducing Rento the global sharing and renting economy. Unlike other services which focus on specified service Rento is all in one application which any unutilized can be rent or services to help others, they will make it easily available worldwide. One advantage of Rento is it will use blockchain technologies like smart contracts for the fast, transparent, and reliable transfer of payment.
- Rento app: feature listing page on which the user can see the available product and services of the platform. A built-in search engine for searching jobs, product, and services in the app. Feedbacks to check reviews of the customer this will give the service provider better service to avoid bad feedbacks. Renting a calendar for services available only in a certain period or schedule of services
- Rento model store: design as a rental store on which users can rent items or machines they need such as bicycles, cars, lawn mower, fishing boat and many more.
- The blockchain uses of Rento: Thanks to the blockchain technology disputes will be handle systematically using smart contracts. The smart contracts also ensure fast and accurate payment for the services. Using smart contracts security deposit will be possible, a security deposit can be used to store transfer funds waiting for approval from one or both parties.
Advantages of Rento - Transparency: unlike other asset sharing applications Rento used of blockchain technology makes it easier for an ordinary individual to audit and check transfers, this will make also falsified feedback almost impossible. A dispute can be easily solved due to thanks to blockchain technology, while Rento still developing its own blockchain it will use third-party blockchain solutions for dispute. Some of the potential partners for solving dispute are Sagewise, Jurisproject, and kleros.
- Benefits for token holders: sharing economy is one of the hottest trends today in terms of success and mass adoption this kind of project is something practical and anybody will use. If the license is ready Rento will implement “Rento Shares” for Rento token holders or participants which they will get dividends.
For more information on the project visit:
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Author:gawer33
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