RENTO – The new way to partake in the Global Renting Economy

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A global sharing app for all. A promising project to the people who are positive on the cryptospace for the developing dapps out there. This project has a solid team with people who are knowledgeable and professional on there own respective fields.

They aim to create a global sharing ecosystem that connects unused physical resources/assets with those who are in need of these resources but do not necessarily want to buy and prefer renting instead.

Considering that the assets to be proposed for listing vary in financial value, maintaining transparency is of utmost importance. Also, in the sharing economy, reputation is key, and it�s essential that all information is verified and secure.
To this effect, Rento plans to utilize blockchain technology to:
� Secure international and local transactions
� Utilize 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 smart contracts for any breaches of the contract

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 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 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 to limit feedback manipulation practices on its Platform.

Rento will provision the use of point packages for product/service listings on its Platform for businesses and service providers. At the time of registration, Rento will add a complimentary point package to all the user accounts, providing affordable listing services to businesses. Rento will introduce premium advertising and listing positions after 2020. The number of points required for posting under different categories will vary.


Created by Neekel

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