RENTO - The Global Sharing Application
Renting marketplace is notoriously controversial. It is uneven and fragmented. In a nutshell, it consists of a multitude of niche markets with different rules. The state laws can significantly vary, while different municipalities impose additional regulations and policies. Renting is a fertile ground for fraud, since there is no uniform database and data have to be transferred between different systems. There is no clear mechanism for determining the property ownership since county registries operate under archaic guidelines. Reporting a delinquent tenant or borrower can be burdensome, and only a few big landlords or owners do that on a regular basis. Security deposits is also a significant problem for the industry. It put considerable weight on the tenant or borrower, while the money remains frozen on the bank account for the duration of the lease. All those issues can be effectively solved through the implementation of the blockchain-based technologies. The idea of sharing ec...