Rento is a Blockchain based startup that aims to revolutionize the sharing-economy through the use of smart contract on a brand new Blockchain.
Rento platform will enable users rent out unused devices and products on its
platform. The Blockchain Startup utilizes the transparent and immutable features of Blockchain to keep the platform secure, transparent and consumers friendly.
Data on traditional sharing economy space is mostly on centralized and non-transparent databases. Rento aims to change this with the deployment of its own blockchain,and the development of specialized tools to make the platform as user friendly as the traditional platforms.
It is interesting to note the Rento Blockchain will be based on a new concensus algorithm called Proof of Authority(PoA). It will also have a unique way of rewarding token holders
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One may wonder how Rento plans to deal with the limitations of Blockchain. The Startup promises to achieve this by completely reworking the Blockchain Architecture and integrate unique tools that will drastically advance its Platform.
Finally the sharing economy has seen a lot success , Uber in particular is based on the sharing model. Uber taxi drivers own their cars while Uber only provides the facilities from where it revenue is derived from. This sharing model has literally made Uber a multi billion dollar company overnight. Rento is aiming to be among the few companies to replicate the Uber success on blockchain.
For more info visit Rento Website: https://rento-app.io/