Introduction
Rento is proposing a global sharing platform for businesses and individuals that allows the renting of underutilized assets. Unlike competitors in the market, Rento will rent any item to any individual rather than focusing simply on one market (cars, apartment share). Furthermore, Rento leverages blockchain technology to implement a trusted economy through smart contracts that ensure rental conditions are met and that the parties can count on one another to deliver and return the product or service. Rento aims to introduce the sharing economy in the daily lives of people everywhere, reducing waste in the economy and allowing more people to enjoy a variety of services and products without having to shoulder the cost of owning every type of item they use.
MISSION
Enabling people to become a part of the global sharing economy and share their unutilized assets easily.
THE INDUSTRY: THE SHARING ECONOMY
The concept of sharing economy has been in practice for centuries, both at a person-to-person level and at a higher operative scale. Time-shares, farming collectives, and informal arrangements allow a group of people to share one expensive resource among them. With the spread of the internet, the sharing economy model has seen immense growth because of the ability to share with people you have never met through centralized organizations that ensure trust. Over
the past decade, the world has witnessed small startups turn into multibillion-dollar businesses (Uber, Airbnb). Despite the success of sharing-based businesses around the globe, the sharing economy model hasn’t reached its potential and has multiple risks associated with its mass adoption.
RENTO: TAKING THE SHARING ECONOMY TO P2P
Rento aims to develop a sharing ecosystem that dramatically increases the reach of the sharing economy beyond the existing industries, such as transportation or hospitality.
Rento plans to develop a platform that makes the sharing of everyday products and services easier, as well as implementing sharing across different industries.
Additionally, Rento utilizes blockchain technology to secure international transactions and smart contracts to facilitate security deposits.
The key components of Rento’s ecosystem are:
● Rento App
● Rento Blockchain
● Rento Model Store
Rento App
The Rento App aims to expand the sharing economy beyond the transportation, real estate, and hospitality industries. It allows users to rent everyday items such as real estate, office space, hardware tools, electrical equipment, construction equipment, cameras, and everything that one may require or want to rent on the Platform.
Features for platform users:
● Listing page: The listing page lists all the available services and products for renting on the Platform. It supports multiple categories, search filters, and geo-filters to show relevant results.
● Search engine: The Rento App comes with a built-in search functionality that allows users to search products using multiple filters and sorting capabilities.
● Renting calendar: Every product and service listed on the Rento App reflects its availability through a renting calendar. Users can access a product depending on its listed openings. Rento plans to introduce a “Book -in-advance” feature after the launch.
● Feedback: Rento has a built-in feedback system that allows users to rate the product or services depending on their
experience.
The Rento App utilizes blockchain technology tolimit feedback manipulation practices on its Platform.
I believe that this project will be very successful & have something unique till now.
For more information kindly visit their website & Social media pages mentioned below:
Website: https://rento-app.io
FaceBook: https://web.facebook.com/rentoapp/
E-mail: media@rento-app.com