Rento uses Blockchain Technology

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Rento is proposing a global sharing platform for businesses and individuals that allows renting of underutilised assets. Unlike competitors in the market, Rento provides rental of 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 smartcontracts 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.

Solution

Rento is creating a software solution for individuals and businesses to share items and services that, until now, needed to be purchased. The Rento solution is based on the increasing “sharing economy” market, but rather than focus on one vertical, Rento is providing a complete solution, including smartcontracts, for anyone to rent or borrow any item or service. In the same way that ecommerce sites such as eBay do not limit themselves to one type of item, Rento is providing the sharing economy marketplace. Rento is leveraging blockchain technology for the smartcontracts that ensure trust throughout the system.

The concept of sharing economy is built around the use of economic resources to their fullest potential and that is exactly what Rento is aiming to accomplish. Rento proposes a mobile application (and web platform) that allows users to list their unused assets for renting or sharing on its platform. Every listing on Rento includes the key aspects of the asset or resource such as its rental cost, availability schedule, images or video of the actual item, specifications, and terms and conditions specific to the asset.

Rento proposes multiple products and services segments, with its initial focus on businesses and service providers to populate the platform with a large stock of available resources, ensuring that the platform initially has enough inventory for consumers to find it appealing. Rento will be launching with primary listing segments such as household items like lawn mowers or snow blowers, through more commercial offerings such as shared offices and conferencing facilities, construction equipment, parking spaces, and even underutilized human resources. In addition to developing a sharing platform, Rento plans to set up at least one bricks-and-mortar rental store as a proof of concept for its sharing ecosystem.

To this effect, Rento plans to utilize blockchain technology to:

Secure international and local transactions
Utilise smart contracts for security deposits
Ensure that reviews of items lenders, borrowers, services and items are real and verified
Reduce friction for transactions
Verify the transactions themselves, and ensure payment for services as well as compensation through smartcontracts

Rento Main Features

Renting Everything you want just a click away

Sharing Millions of devices and products that are just lying around can be put to USE!

Comfortable All your needs can be met by one interactive, intuitive App.Profit from Rento Find out what are the benefits of being a Rento Token holder!Security We put security and safety of transactions above all else. That is why we are implementing blockchain into our system!Cutting edge All transactions will be done with cutting edge technology! Join us in a new era of renting and sharing.Environment for business We are creating a global network of business and clients. An ecosystem for the sharing economy.Think global ACT LOCAL! By developing possibilities for sharing, we are reducing consumption in the world. Rent out unused devices and make sure our globe is not being polluted!Diversification Enjoy the luxury of having options. Don't limit Yourself. Rento - freedom of choice

Benefits for Rento token holders

Lowest price for Rento token, which will be used as a fee on RentoBlockchain
Easier for ICO participants to become a Rento Model Store franchise owner
Cheapest deposit to participate in the Rento Model Store Franchise
Helping the growth of sharing economy
Possibility of being a RentoShare holder, after we receive a license
After issuing of the Security Token, shareholders will receive dividends from company profits

Rento Ecosystem

Rento is a global exchange platform for businesses and individuals that allows you to rent assets. Unlike competitors in the market, Rentoprovides rental of any object to any person, instead of just focusing on one market (cars, apartments). In addition, Rento uses blockchain technologyto introduce a robust economy through smartcontracts that enforce lease terms and that the parties can count on each other to deliver and return a product or service. Rentoseeks to embed the exchange economy in the daily lives of people around the world, reducing waste in the economy and allowing more people to use a variety of services and products without having to assume the cost of owning each type of item they use.

The concept of sharing economics is based on the full use of economic resources. And that is exactly what Rento is aiming for . Rento offers a mobile app (and a web platform) that allows users to list their unused assets for rent or share on their platform. Each Rento listing includes key aspects of an asset or resource, such as the rental price, availability schedule, image or video of the actual item, specifications and conditions specific to the asset.

The company Rento offers several segments of products and services, focusing primarily on enterprises and service providers to complete the platform a large supply of available resources to ensure that the platform will initially be enough resources for consumers to find her attractive. Rento will be launched with primary listing segments, such as household items, lawn mowers or snow blowers, at the expense of more commercial offers, such as joint offices and conference rooms, construction equipment, parking spaces and even human resources. In addition to developing an exchange platform, Rento plans to create at least one brick and mortar rental store as proof of the concept for sharing an ecosystem.

The purpose of Rentois to expand the sharing economy to untouched industries. She is likely to face stiff competition from established players. AirBnB, working in the field of rental / lease of real estate, and Turo, working in the field of renting a personal car, are among the main competitors. However, these competitors are limited both in their range and in the range of items offered. For example. AirBnB is only focused on renting space for recreation, while many people also need temporary office space. Turo is not valid in many geographic regions. In addition, none of them serves businesses. Throughout the business there are many types of equipment that can be shared between people but there is no way for people to access other people’s equipment, and there is no sure way to test the credibility of systems. From agriculture to construction to office equipment, the potential for an exchange economy is enormous.

Rento Token is intended for release on servers with cryptocurrencies. Although the initial Rento token is based on ERC 20, the company plans to move Rento to the Proof-of-Authority Blockchain . Although all transactions in the Rento application will be based on intelligent contracts, and it will be possible to make transactions and security deposits in all currencies (crypto and fiat), smart contracts and transactions will be charged only in Rento tokens .

There is currently no Rento token market , and it is possible that such a market may not arise or be sufficiently liquid in the future due to various circumstances, including, among other things, the limited ability to transfer the rights granted by the token. Accordingly, users will not be able to dispose of their Rento token or to exercise or dispose of any rights.

Project roadmap:

Conclusion

This company needs to be preserved and must get attention in order to obtain a balanced situation. there are so many benefits if you all join this company. if you do not pay attention to the balance of this company, you will lose an opportunity that you deserve. The positive impact of this company is to get a distinct advantage for your needs.

Closing

That is what I can say about the company that was discussed in this article, of course there are many shortcomings and weaknesses due to the limited knowledge about the lack of references or references that I have acquired in connection with this company. I personally hope many dear readers will criticize constructive suggestions for us and for the sake of the company's perfection. Hopefully this article can be useful for you as readers in particular. Thank you, hopefully it will be useful !!!

The project team:

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Project contact information:
Website: https://rento-app.io/
Whitepaper: https://rento-app.io/assets/whitepaper.pdf
Bounty BTT: https://bitcointalk.org/index.php?topic=5076209.0
ANN: https://bitcointalk.org/index.php?topic=5074644.
Twitter: https://twitter.com/Rento_app
Facebook: https://www.facebook.com/rentoapp/
Telegram: https://t.me/rentoapp
Instagram: https://www.instagram.com/rento.app/
Medium: https://medium.com/app-rento
Reddit: https://www.reddit.com/r/Rento/

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USERNAME : Turkaisih
PROFILE l : https://bitcointalk.org/index.php?action=profile;u=2119983
ETH : 0x32941adE83E118C0E4a64a5118aE8396C0bAd266