Innovative Edge of PlaceToRent

But, the blockchain benefits aside, what is the competitive edge that sets PlaceToRent apart from myriad of other emerging projects?

For starters, PlaceToRent is the first cryptographic real estate rental platform to leverage artificial intelligence and machine learning to assist households with invisible credit or work history in gaining access to rental opportunities and affordability. PlaceToRent strives to expand the number of alternatives for the underserved, especially younger renters who have no credit or work history, by utilizing hybrid forecasting. Our innovative algorithms powered by Artificial Intelligence will allow landlords to assess creditworthiness outside conventional credit checks and work verifications and will help a vibrant and stable demographic qualify for a rental opportunity. We believe our unique proprietary analysis powered by Artificial Intelligence will provide the landlord with a deeper recommendation for prospective tenants (as opposed to just a credit score or work history) and empower tenants to stand out when applying in low vacancy markets.

Secondly, to improve experience on our platform and provide our users with more usable and reliable data to aid in more efficient and smarter decision making, PlaceToRent will utilize a rating system calculating the relative performance level of its users, akin to social credit system. The platform will enable tenants, landlords, and third-party providers to rate each other by submitting reviews for each transaction, an immutable and verifiable record of which will be stored in the applicable user’s profile on the decentralized blockchain. Our innovative user performance/reputation rating system will become an official recognition of all the data on the PlaceToRent users (collected and circulating) and will impact them in a multitude of ways. Anything that influences our users points will be backed by official documents and immutable transactions recorded on the blockchain.

In addition, to provide tenants and landlords with improved and fairer experience on our platform, PlaceToRent will allow prospective tenants an option to tender a custom best rate offer along with their rental application. The offers will be “sealed” (i.e. not visible to competing tenants to help avoid bidding wars and prevent upheaval in rental rates as opposed to platforms that are enticing rent-bidding and charging the difference between the landlord’s base price and the winning bid). We believe our innovative strategy will give the tenants additional tools to negotiate directly with the landlord, ensure optimal rental rates in the corresponding geographies, and will work best for the listings that are in dire need of an alternative when an apartment has been lingering on the market for some time.

We will also use machine learning to give our platform users the best advice possible. For example, we will implement bio-inspired computation and Swarm Intelligence to predict accurate rental rates across different geographical locations. The bio-inspired feature will become a self-evolving tool capable of generating the “best rental rate” solution. We will also implement Distribute Sparse Learning as a second layer to handle high-dimensional data. This innovative approach will provide great insights to the platform users by identifying the best offers in the rental market, thus minimizing costs to tenants and maximizing profits to landlords.

Last but not least, to keep abreast of popular practices and provide financial flexibility for renters by enabling them to finance their move-in, security deposit or rental expenses and pay them back in smaller installments over time, our decentralized and tokenized platform will provide our community users with the incentivized benefit of participating in crowdlending for qualified tenants. We believe this innovative option of alternative financing will be particularly useful for those PlaceToRent users just entering the rental marketplace who do not yet have established credit or employment history. In the future, PlaceToRent also plans on partnering up with providers offering alternative financial services to the underserved segments of population including younger and lower income households to help pay their upfront move-in and rental costs.

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