Rento — Rent, Share and Profit

Blockchain technology provides opportunities in the sharing economy due to its immutable records, transparency, and smart contracts.

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 without limiting the scope of items being offered. 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 striving to make possible. Rento proposes a mobile application (supplemented by web platform) that allows users to list their unused assets for renting or sharing on the platform. Every listing on Rento includes the key aspects of the asset or resource such as its rental cost, availability calendar, images of the actual item, specification, and terms of rental specific to the asset.

Rento offers variety of services concerning listing items and services with initial focus on businesses and service providers to populate the platform with a broad variety 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 conference 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.

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, ensur-ing 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

The key components of Rento’s ecosystem are:

1. Rento App
2. Rento Blockchain
3. Rento Model Store

Features for platform users

• Listing page: the listing page shows all the products and services available for rent on the platform. It’s designed in a way that user can quickly scroll through different listings and find interesting content.
• Search engine: Rento app comes with a advanced search functionality that allows users to browse multiple categories, filter results based on different criteria or search by location to show relevant results.
• Booking calendar: every listing of a product or a service in Rento includes booking calendar which is constantly updated according to users activity in the app. Users can request booking of a listing depending on its current availability.
• Feedback: Rento has a complex feedback system which allows users to rate the listings and users depending on their experience. These reviews later reflect users ratings. Rento utilizes blockchain technology to limit feedback manipulation on its platform.

Features for listing owners:

• Active listings: listing owners can find all their listings in a single location. Additionally, they can manage the history of all rental transactions they receive and view the booking calendar for their listings which updates as other users make bookings.
• Listing/Advertisement packages: users who want to list their things or services can buy RentoPoints which are used to purchase listing display in the app. Every new user will receive a complimentary RentoPoints gift after completing the registration. Rento plans to introduce a variety of premium listing options and unobtrusive advertising after 2020.
• Customer insights: Rento plans to introduce customer insights feature for listing owners, allowing them to understand customer behavior, renting preferences and other relevant parameters to grow their business.

Rento Blockchain

The chain for Rento will be used specifically for the sharing economy. Because it is an independent blockchain, Rento is able to develop the chain specifically for the implementation of this business model, ensuring that it is the best database customized specifically for the needs of the Rento ecosystem.

• Custom smart contract facility: The Rento Platform requires specific smart contract customizations that are not available in the present blockchain platforms. Additionally, the Rento Platform needs the flexibility to develop new functionalities to address any op-erational/technical challenges in the future.
• Handle dispute resolution: Rento requires complete control over its blockchain to han-dle disputes, which is not possible when using third-party blockchains. Having its own blockchain will allow Rento to address disputes in accordance with local regulations.

The Rento ecosystem features a Proof of Authority (PoA) blockchain to be used for transactions inside the Rento App, particularly for payments, security deposits, and transaction history, thereby ensuring full transparency.

Founders

Mariusz Bułka: Experienced entrepreneur with a solid track record in real estate and distribution of consumer goods across Europe, North America and Asia.
Andrzej Laszczuk: Lawyer and new technologies enthusiast. Before dedicating his time to RENTO Andrzej has led successful web design and branding agency.

Experts

Ilya Panashchenko: Marketing Consultant & Cryptocurrency | ICO Advisor| Social Media Management Specialist
Jaroslaw Dziedziol: Blockchain DLT modeling Advisor
Artur Hofman: Marketing Expert
Juliusz Czakon: Product Development Advisor and Marketing Specialist
Adrian Łojek: Blockchain Strategy Expert

Roadmap

Rento Ecosystem

Distribution of Funds

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