RENTO: TRANSFORMING THE SHARING ECONOMY VIA BLOCKCHAIN TECHNOLOGY.

nedbee (46)in #rento • 5 years ago (edited)

The advent of blockchain technology and the use of cryptocurrency have attracted so many sectors of the global economy due to the unique characteristics of the technology. Using the blockchain in financial transactions and other aspect of the economy guarantees transparency, safety, security, trust, decentralization as well as immutability.

However, the sharing economy is one sector that desires the use of a disruptive technology like the blockchain in order to enhance effective, efficient, transparent and secured transactions within the sharing economy thereby solving the problems that have hitherto hindered the growth and success of the sharing economy.

THE CREATION OF RENTO
Due to the need to transform the sharing economy and add value to live s, Rento has designed a decentralized platform using the blockchain technology where users can confidently and comfortably share or exchange virtually everything with other users of the platform. With the disruptive technology of the blockchain Rento is created to provide a platform for a secure transactions and to allow users to make profits from everything including sharing unused properties thereby reducing consumption.

BENEFITS OF USING RENTO
Rento sharing platform comes with a lot of benefits to every category of users.

for business owners: Rento will provide a new customer base and promote the sharing business.
Revenue generation: Rento is designed to help users generate revenue by sharing and exchanging every unused property.
On demand access to manpower and hardware: with the Rento sharing platform users will be able to rent hardware when the need arises. With the Rento App, generation of revenue will be very easy as the App will serve industrial users as well as retail customers.
Building of reputation: since Rento is a decentralized sharing platform where trust is not an issue, and every user gets used to each other as well as recognizes each other’s attitude when it come to landing and borrowing, it becomes easy to build a trusted reputation.
Transparency in payment: On Rento platform, there is transparency in making of payment, therefore every user is guaranteed of receiving his or her payment and on time.

OUTSTANDING FEATURES OF RENTO

Rento is designed with some unique features that make it outstanding, some of which are:

Security: on the Rento platform, security is considered as a major aspect of the platform and tools have been put in place to ensure adequate security and safety of users and their assets.
The blockchain technology: Rento will carry out every transaction using a cutting edge technology of the blockchain and cryptocurrecncy. With this technology fast and secure business transactions are guaranteed.
A unique Business environment: Rento sharing platform is designed to offer users a unique business environment where sharing of goods and services is done effectively.
Reduction of consumption and waste: On Rento platform, users are able to minimize waste and consumption by renting out or exchanging properties that are no more in used or is not needed at that time.
Freedom of choice: on Rento sharing platform, users have the option of choosing exactly what the need to exchange, users are not restricted to a particular country or borders since Rento is a global sharing platform

RENTO APPLICATION

Rento sharing economy has designed an App which is meant to bring together clients, business owner’s users as well as rental services for the purpose of sharing and exchanging goods and services. With Rento App, users will be able to share or exchange anything including properties that are not in used and transactions completed in just a click of a few buttons.
THE RENTO TOKEN
Rento has created Rento token which will serve as the main driver of the Rento ecosystem.
BENEFITSS OF HOLDING RENTO TOKENS

Holders of Rento will become owners of model store franchise
Holders of Rento token will enjoy the benefits of low transaction fees on the Rento blockchain .
Holders of Rento tokens will enjoy a cheaper deposit on the Model store franchise.
Holders of Rento token will contribute to the growth of the sharing economy, as they will be able to contribute their ideas as share holders of the platform.
By holding Rento token, you become a share holder who may benefit from Rento dividend when the security token is issued.

RENTO BLOCKCHAIN

Rento has planned to create its own blockchain with features that will enhance their sharing economy , and this blockchain will be designed and used only for the sharing economy since there are a lot about the sharing economy that cannot be achieved using the shared blockchain .

The Rento blockchain will be designed for rento customized sharing platform with features such as:

Custom smart contract facility: Rento requires a unique smart contract to execute its transaction effectively, thus the need for a personal blockchain.
Handling of dispute resolutions: Handling of Dispute on Rento platform can only be done successfully using the Rento customized blockchain.
Creation of renting agreement: Rento needs a special blockchain to create agreement between users on the sharing platform and this cannot be done on a shared blockchain.
Management of security deposit: with the Rento blockchain they will be able to adequately manage the security deposit between users.

TOKEN DETAILS:
Token name: Rento
Token symbol: RTO
Total supply: 600million RTO
Token standard: ERC20

CONCLUSION
The idea behind the creation of Rento sharing platform is a unique and innovative idea. The customized Rento blockchain is a great achievement that will not only enhance a huge success of the Rento sharing economy will also transform the blockchain technology and the global economy as a whole. The ICO has ended, but you can be a part of the community by joining the social media and getting more updates on how to be a share holder of this innovative platform.

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