I recently released an article overviewing and reviewing PlaceToRent, which is a decentralised global peer-to-peer platform with the vision of modernizing the outdated rental industry by utilising blockchain technology. Specifically, PlaceToRent are able to offer a more efficient, more transparent and more useful platform for many aspects of the rental experience.
This is all achieved where their blockchain technology is actually utilised- through the innovative PlaceToRent platform itself, which deserves more of an in-depth explanation and review.
Platform Benefits & Features
The PlaceToRent platform itself brings a plethora of benefits itself over traditional solutions. Do you hate the rigidity of current options in attaining rates? I know I certainly do, rental rates are usually strictly fixed and I love to haggle where possible, especially if it is clear that I am more suitable for a product/service that many others (in this case, say you are a couple with no pets and who do not smoke, well in many cases the landlord may see you as a more desirable tenant set than a family of smokers and pet owners). PlaceToRent users will have the opportunity to negotiate rental rates, by submitting a sealed Best Offer.
A second hugely notable benefit of their platform is that users will have the opportunity to finance move-in, security deposit or rental expenses through crowdlending. One of PlaceToRent's aims is to financially empower more people in order to increase rental market inclusion and provide opportunities to those who would not previously been able to participate. This aspect alone will do much to achieve that goal; through collateralised crowdlending users of the platform can financially rely on community outreach to unlock better opportunities.
Further, users of the PlaceToRent platform will have the ability to filter users by performance. By utilising a system which monitors user performance, positive behaviour within the platform is incentivised and users can be notified of any actors who are less desirable to interact with. Have you ever had experiences with those tenants who slowly trash a property without batting an eyelid? Or those landlords who play dirty and try their luck by attempting to over-charge for costs? Well, individuals who engage in that sort of behaviour can now be more easily identified and avoided if desired, thanks to the PlaceToRent platform.
The platform will also include a suggested rental rate feature meaning that users can identify optimal rental offers. These are just a few of the many innovative features of the PlaceToRent platform and service which are making a once tiresome and stressful experience more enjoyable, efficient and fair.
Summary
PlaceToRent’s utilisation of blockchain and smart contract technology is the type of innovation that the rental industry has been waiting for, and what’s needed to finally bring the global market into the 21st century. This next-gen solution allows for a streamlined, simplified, more efficient process for everyone involved- satisfying the overall vision of blockchain, applied specifically to the rental market.
In a climate in which it is progressively more difficult for young people to attain a rental property, I particularly appreciate PlateToRent's explicit aim of financially empowering more people in order to increase rental market inclusion, which they are able to actually achieve through a build-in crowdlending mechanism. In this way people will be helping each other to become more financially able through communal support and made possible by blockchain technology; a noble vision indeed.
Be sure to follow the team’s progress and get ready for the token sale if you intent to contribute!
Find out more about PlaceToRent at their Telegram: https://t.me/placetorentico and their BitcoinTalk Announcement Thread: https://bitcointalk.org/index.php?topic=4266539.msg38532439#msg38532439