Rento:Taking The Sharing Economy To P2P

Rento aims to increase a sharing ecosystem that dramatically will increase the reach of the sharing economic system past the existing industries, consisting of transportation or hospitality. Rento plans to broaden a platform that makes the sharing of regular products and services less complicated, in addition to implementing sharing throughout special industries. moreover, Rento utilizes blockchain era to relaxed worldwide transactions and clever contracts to facilitate security deposits.

The key components of Rento’s ecosystem are:

● Rento App
● Rento Blockchain
● Rento model shop
The Rento App ambitions to increase the sharing financial system beyond the transportation, actual estate, and hospitality industries. It allows users to lease normal items including actual estate, workplace space, hardware equipment, electrical device, construction device, cameras, and the whole thing that one can also require or want to lease on the Platform.

Features for platform users:

●Listing web page: The listing web page lists all the to be had services and products for renting at the Platform. It helps multiple categories, seek filters, and geo-filters to reveal relevant results.
●Search engine:The Rento App comes with a built-in seek functionality that lets in customers to go looking merchandise the use of multiple filters and sorting abilities.
● Renting calendar: every product and carrier indexed on the Rento App reflects its availability via a renting calendar. users can get entry to a product relying on its listed openings. Rento plans to introduce a “e book -in-develop” function after the release.
●Comments: Rento has a built-in feedback device that allows customers to charge the product or services relying on their experience. The Rento App makes use of blockchain era to restrict feedback manipulation practices on its Platform.

Features for list owners:

● Active listings: The listing proprietors can locate all in their energetic listings in a single region. additionally, they could view the renting agenda of any item or carrier at the active list web page itself.

●List/commercial package deal information:The listing owners can get entry to listing bundle information or advertisement subscriptions at the dashboard. every commercial enterprise/provider provider will acquire a complimentary listing point package deal after completing the registration. Rento plans to introduce premium advertising and marketing and listing positions after 2020.

● Client insights: Rento plans to introduce a patron insights feature for listing owners, permitting them to recognize purchaser conduct, renting preferences, and different applicable parameters to grow their business.

Rento Blockchain

Rento is creating a proprietary blockchain with precise functions which are essential for the sharing economy. The chain for Rento can be used specifically for the sharing financial system. due to the fact it is an unbiased blockchain, Rento is able to broaden the chain mainly for the implementation of this enterprise model, making sure that it's miles the exceptional database customized especially for the wishes of the Rento ecosystem.

● Custom clever contract facility: The Rento Platform requires unique clever contract customizations that aren't to be had in the gift blockchain structures. additionally, the Rento Platform wishes the ability to increase new functionalities to deal with any operational/technical challenges in the destiny.

●Handle dispute decision: Rento calls for entire manipulate over its blockchain to address disputes, which is not feasible whilst the usage of third-birthday celebration blockchains. Having its personal blockchain will permit Rento to address disputes in accordance with neighborhood regulations.

The Rento surroundings features a proof of Authority (PoA) blockchain for use for transactions in the Rento App, especially for payments, safety deposits, and transaction history, thereby ensuring full transparency.

Key Functionalities of Rento Blockchain

●Creation of renting agreements: Platform users can use the Rento Blockchain to create renting agreements through smart contracts.

● Manage protection deposits: The Rento Blockchain will control security deposits between the owner and customer. The purchaser will verify the go back of the item, and the proprietor will affirm that the object isn't damaged in any way and that the proprietor has received fee. once both confirmations are obtained, the security deposit may be transferred back to the client.

● Fee safety/blockading: The Rento Blockchain will restriction get entry to to finances till the consumer confirms the receipt of the item.

● Computerized price:The Rento Blockchain permits the purchaser and owner to apply a part of the safety deposit as price. moreover, they are able to offer their crypto pockets details to system the price robotically.

● Transaction records control:The Rento Blockchain will manage the records ofevery transaction, as a way to prevent comments manipulation within its environment.

● Dispute resolution: The Rento Blockchain will use 0.33-celebration dispute decision servicesto cope with disputes on its Platform. a number of the capability carrier vendors are:
listing a carrier/Product for apartment.

Product for Rental

● Down load the Rento App and sign up an account. Log in to the App.
● Select the “upload provide” choice.
● Create the offer via adding relevant statistics, consisting of photographs, product/service description, price, and the region.
● Activate the listing.

Renting a service/Product

● Log in to the Rento App.
● Search for a favored product/service listed at the Platform. users can set seek filters to streamline the results.
● Contact the owner/list agent of the preferred carrier thru the built-in chat.

Blockchain Transaction smart contract

As soon as the listing owner and user have reached an settlement, they are able to move ahead with developing a smart contract for the transaction with a one-click on characteristic.

● The list proprietor units up the transaction details thru Rento’s intuitive interface. these details include the length of rental, fee, safety deposit, and commonplace forex.
● The consumer has the same opinion to the specified terms and makes the security deposit, which is refundable once the transaction is entire.
● as soon as the rental duration is over and the product is back, the listing owner confirms the receipt of the product.
● The clever settlement returns the security deposit to the user after deducting the condo value. (If the safety deposit became $1,000 and cost $200, the lower back amount can be $800.)

Direct Transactions between users

● The consumer and product proprietor agree on the phrases of the transaction.
● They set up the transaction without delay the use of cash, regular bank switch, and different techniques.
● The transaction concludes outside the Rento App, and the App serves as a medium to discover/lease the favored product/provider.

These four key specs of Rento will definitely make this assignment on top of the blockchain enterprise.RENTO APP, RENTO BLOCKCHAIN, RENTO model save, RENTO APP TRANSACTION WORKFLOW . We see a great future in Rento and i am positive that it's going to reach its sharing economy marketplace length in 2025 that is $335 bn. We can not predict of the future and if this undertaking will be successful you will regret if you have no longer been a part of it. The Rento Platform has blockchain generation at its core. Rento will create its very own blockchain to facilitate custom designed technology implementations and authority.

RoadMap

More Info

Website: http://rento-app.io/
WP: https://rento-app.io/assets/whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=5074644.0
Twitter: https://twitter.com/Rento_app
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Reddit: https://www.reddit.com/r/Rento/
Medium: https://medium.com/app-rento

Author

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