RENTO Blockchain Technology

Description
RENTO is a global platform for individual businesses and individual organizations that enable leasing of underutilized assets. This platform will rent any items to individuals in the form of cars, apartment shares. In addition, Rento utilizes blockchain technology to implement a trusted economy through smart contracts that ensure rental conditions are met and that parties can rely on each other to provide and return products or services.
Rento creates software solutions for individuals and businesses to share items and services that, until now, need to be purchased. Rento solutions are based on an increasingly "economic sharing" market, but instead of focusing on one vertical, Rento provides complete solutions, including smart contracts, for anyone to rent or borrow any goods or services. This platform builds the concept of economic sharing built on the maximum use of economic resources.
In addition, Rento develops a sharing ecosystem that dramatically increases the economic reach of sharing outside existing industries, such as transportation or hospitality. Rento plans to develop a platform that makes sharing products and services everyday easier, and implements sharing in various industries. In addition, Rento uses blockchain technology to secure international transactions and smart contracts to facilitate collateral.

Blockchain Rento Technology
Rento creates a proprietary blockchain with specific features that are important for sharing economics. The chain for Rento will be used specifically for sharing economics. Because this is an independent blockchain, Rento is able to develop a special chain for implementing this business model, ensuring that it is the best database tailored specifically to the needs of the Rento ecosystem.

Special smart contract facilities: The Rento platform requires certain smart contract customizations that are not available on the current blockchain platform. In addition, the Rento Platform requires flexibility to develop new functionalities to overcome any operational / technical challenges in the future.
Deal with dispute resolution: Rento requires full control of the blockchain to handle disputes, which is not possible when using third party blockchains. Having the blockchain itself will allow Rento to resolve disputes in accordance with local regulations.
The Main Function of Rento Blockchain

Making rental agreements: Platform users can use Rento Blockchain to make rental agreements through smart contracts.
Manage security deposits: Blocko Rento will manage security deposits between owners and clients. The client will confirm the return of the object, and the owner will confirm that the object is not damaged in any way and that the owner has received payment. After both confirmations are received, the security deposit will be transferred back to the client.
Protection / blocking of payments: Rento Blockchain will restrict access to funds until the client confirms receipt of the object.
Automatic payments: Rento Blockchain allows clients and owners to use part of the deposit as payment. In addition, they can provide their crypto wallet details to process payments automatically.
Transaction history management: Blockchain Rento will manage the history of each transaction, which will prevent feedback manipulation in its ecosystem.
Dispute resolution: Rento Blockchain will use third party dispute resolution services to handle disputes on its Platform.

Conclusion
Rento provides complete solutions, including smart contracts, for anyone to rent or borrow any goods or services. In the same way that e-commerce sites like eBay don't limit themselves to one type of item, Rento provides an economic market share. Rento utilizes blockchain technology for smart contracts that ensures trust throughout the system.

For detailed information visit www.rento.app.io
Management Team