Rento: Share, Rent, Profit Everything You Want
Rento is a global sharing platform that is developed for individuals and businesses. It allows renting of underutilized assets. Rather than focusing simply on one market, it provides rental of any item to any individual. Not only that, but it also leverages blockchain technology in order to implement a trusted economy through smart contracts. This ensures rental conditions are met and that the parties can count on one another to deliver and return the product or service.
Rento mainly aims to introduce the sharing economy in the daily lives of people everywhere by reducing waste in the economy and also by allowing more people to enjoy a variety of services and products without having to bear the cost of owning every type of item they use.
Why Rento?
Rento is known to create a software solution for both individuals and businesses to share items and services that, until now, needed to be purchased. This particular solution is based on the increasing sharing economy market. The platform is trying to provide a complete solution which includes smart contracts, for anyone to rent or borrow any item or service.
The platform is also known to leverage blockchain technology for smart contracts. This will ensure trust throughout the system. The concept of sharing economy is mainly built around the use of economic resources to their fullest potential. Well, this is exactly what Rento is aiming to accomplish. Rento also proposes a mobile app 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.
How does it work?
Rento is known to propose multiple products and services segments, with its main focus on businesses and service providers. The company aims to populate the platform with a large stock of available resources and thus, ensuring that the platform has enough inventory for consumers who find it appealing.
Rento will be launching with primary listing segments such as household items like lawn mowers or snow blowers, though 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 onebricks-and-mortar rental store as a proof of concept for its sharing ecosystem.
Tokenization
The Rento Token is designed for release on crypto currency exchanges. The Rento Token is based on ERC 20. However, the company is planning to transfer Rento onto a PoA Blockchain. All transactions within the Rento App will be based on smart contracts. Not only that, but it will also be possible to make transactions and security deposits in all currencies including crypto and fiat. The fee for smart contracts and transactions will be payable in Rento Tokens only.
Conclusion
Thus, from the above discussion, it is clear that Rento is one of the unique platforms that is developed to share everything. You can read more about the company in its whitepaper.
Links
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