Rento: Blockchain Powered Sharing Economy for Underutilized Assets

We live in a generation where resources are hard to find most especially in the underdeveloped nations but nevertheless, people still spend money on things they barely use and tend not to get optimal value for acquired products and services. Take, for example, Researchers working on a project might acquire equipment for the purpose of the research work but at the end of this research, this equipment either gets locked up from the reach of other researchers who might have a temporary need for such equipment or sold off at a ridiculous price. Imagine you are in dire need of a heater and you have a next door neighbor who has long left town, leaving his house heaters lying to waste. A lot of human assets lie underutilized due to the lack of a sharing economy. Individuals are not the only one suffering from the lack of an efficient sharing mechanism, lack of trust and a poor network of businesses has made it almost impossible for modern business owners of today to share assets/resources amongst themselves. Technological advancement has brought about remarkable sharing economies in the ridesharing and hospitality sector but nevertheless a complete package to facilitate the sharing of goods, services and assets are unavailable leading to the use of multiple apps which is unfavorable.

Rento is a one of a kind platform that seeks to provide an efficient economy for the sharing of all sorts of underutilized assets. Rento seeks to establish a one-stop solution for rental and sharing service for both business and individuals alike. In order to provide superior performance, the Rento platform incorporates blockchain technology and this gives room for increased transparency and ease of verification of transactions, security of both local and international payments on the platform, lower transaction charges, and autonomous execution of agreement between transacting parties by the use of smart contracts. Rento is focused on giving the growing population of smartphone users a hub to generate revue from their underutilized assets and easily rent out or share any item on the go. Commercial enterprises are not left out, asides from the opportunity to generate revenue from underutilized assets, Rento gives these businesses: access to a customer base on the platform and improved reputation, and easy acquisition of hardware and manpower.
Core features of Rento

1. Rento app: Just as the smartphone population is growing so also is the use of mobile apps, Rento wishes to populate the sharing economy by its mobile application and web platform which will allow users share/rent everyday items such as hardware, office space, cameras, real estate property, electrical equipment e.t.c. The rento app makes room for listing products and services, a search engine for quick search, categorization of products and services on the platform, feedback system to rate products and services, and advertising packages.
2. Rento Blockchain: Rento is creating an independent blockchain for the sharing economy and this blockchain will be bolstered with custom smart contract functionality and dispute resolution mechanism. This feature will enable automated payments, the establishment of renting agreements via smart contract, management of security deposits, protection of payment, improved transaction transparency and sublime dispute resolution.
3. Rento Model store: Rento proposes a physical rental store which will help bolster credibility and give room for brand building and franchising. With this in place, interested participants can operate a Rento Model Store by satisfying some franchise agreement and purchasing a quantity of Rento Tokens. The Rento Model store gives room for acquiring feedback and increasing physical outreach of the platform.
4. Rento token (RTO): The Rento platform seeks to raise funds via an Initial Coin offering in which participants of the ICO will get rewarded via RTO tokens. The RTO token will initially be issued as an erc-20 based token on the ethereum blockchain with a maximum supply of 600 million tokens. The Rento platform seeks to swap the erc-20 RTO token for RTO built on the custom made Proof of Authority (PoA) Rento blockchain in the nearest future. RTO will be responsible for paying fees for smart contracts and transactions on the Rento Platform. RTO holders will in the future be able to get Rentoshare (depending on the Rento Platform acquisition of a license for security token) which will guarantee a portion of the Rento platform revenue. As at the time of this publication the RTO initial coin offering (ICO) is currently ongoing and scheduled to end on the 28th of February 2019.
   

Conclusion
The Rento platform seeks to establish a unique ecosystem for the global sharing economy where all underutilized asset and service can be turned into revenue without losing complete ownership. The incorporation of blockchain on the platform will ensure superior performance compared to its competitors and the Rento platform will definitely be in high demand in the nearest future.
To learn more about Rento please check out the following channels
Website : http://rento-app.io/
BTT ANN: https://bitcointalk.org/index.php?topic=5074644.0
Whitepaper : https://rento-app.io/assets/whitepaper.pdf
Twitter: https://twitter.com/Rento_app
Facebook: https://www.facebook.com/rentoapp/
Telegram: https://t.me/rentoapp
Instagram: https://www.instagram.com/rento.app/
Reddit: https://www.reddit.com/r/Rento/
Medium: https://medium.com/app-rento

Authors Details
Bitcointalk username: Mrsparks
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary
Eth Address: 0x2B2D5B79229606c8BEe35A08c63265369FAD79Db