Technological evolution has led to the disruption of multiple sectors in recent years. The rental industry has remained stagnant due to the cost-prohibitive processes involved in a trustless environment where none of the “actors” have genuine credibility. There has not yet been technological disruption significant enough to usher in a new—and better—way to rent. Here at Rentything, we aim to change that.
Using Rentything, people in countries across the globe will have the opportunity to enjoy a fully transparent and universally applicable platform for renting. The platform will allow assessment of renters and owners by letting them submit reviews and ratings of each other, and will also allow both parties to reference an immutable audit of rental activity. This information will be analyzed and then used in Rentything’s proprietary scoring technology. It will be more advanced, decentralized, secure/immutable and intuitive than vertically-focused solutions that over only one aspect of a renter’s history. The scores can be used internationally and are part of the renter and owner profiles. Additionally, by building this solution on the blockchain, all personal data (rental history, credit rating, references and reviews) will be secured immutably on the blockchain. The data will be wholly owned and controlled by the renter and only made visible to the owner when the renter makes a rental application using their private key / wallet on their mobile and/or web app; this would enable the renter’s private key to sign the data / application and grant permission to the owner to assess the offer and history.
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