Rento: The First Global Sharing Economy
Humans are living things which have the highest level among other living things such as animals and plants. What makes humans higher is because humans are given reason, mind, and desire to act in accordance with the norms and rules that applied in society. Reason and mind are also used to control the desire so that they still understand the boundaries.
As beings who are endowed with desire, humans have a tendency to fulfill each of their need. Therefore, humans are also often referred as economic beings. Humans as moral economic beings have several characteristics including rational actions, fulfilling needs for their own first, making decisions in accordance with their goals, wanting to get more, and doing things tend to personal preferences.
In order to meet their needs, humans always try to improve the quality of their needs and begin to follow their desire. One case is to buy goods that are actually not too urgent to buy. The item is purchased only to fulfill their desires. Have you ever done that? Then what do you do with the goods you buy? Or have you ever borrowed the items you need from friends, relatives or neighbors?
Humans as social beings have been destined to live side by side and need one another to achieve goals. In the social interactions that occur with each other, it also creates a sense of sympathy and empathy whenever each of them needs some help. For example, it is normal for you to borrow goods to your next door if you need something and vice versa. Same thing also happen with friends and relatives.
Have you ever thought that if borrowing habits of goods in everyday life are made more global, which means they have a wider range and scope? Sometimes, items that you thought are not important or less useful can be the items that are needed the most for others. If everyone can help each other to borrow items from each other as needed, then everyone can reduce spending money to buy goods that are only temporary used.
At present, there is the first global sharing platform that provides a place for people to borrow goods or assets they need. The application is called Rento. By using Rento, you can lend goods or assets that are not too useful to you to other people who need these items. And conversely, if you need an item or service, you can look for what you want in Rento because they try to reach various industries, not just household appliances. Rento comes to provide solutions to people who are hindered by time, space, and money to own an item, service, or product. With Rento you can also reduce your household costs for things that are only temporary.
Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0
Website: https://rento-app.io/
White paper: https://rento-app.io/assets/whitepaper.pdf
Introducing The Global Sharing Platform
Rento is the first global sharing economy application that allows you to lease assets or products quickly and easily. Besides, the application also provides various kinds of goods or services that will be offered to customers. With the presence of Rento, you can save money, space and time. You do not need to buy items that are only temporary. No need to linger spending the time to get the goods or services that you want because only by using the fingertips, the items that what you need will be quickly available.
Rento, which is a global sharing platform, offers a convenience for people to borrow from underutilized goods or assets that can be needed by others. In this platform, what will be leased is any item that feels less useful rather than just focusing on certain goods or assets such as cars and apartments. Rento is supported by blockchain technology that allows for the implementation of trusted economy through smart contracts that will ensure that the rental process is secure and both parties can be relied on with each other. The goods or assets will be received and returned according to the contract that has been carried out.
As already stated, borrowing or leasing goods can reduce unnecessary expenditure and reduce economic waste. This is also the concern of Rento in establishing this platform. With the presence of Rento, it allows everyone to enjoy every service and product without having to pay more and ownership fees for each item.
Rento comes as a solution for the community by creating a software platform that can be used by individuals or businesses to share services and items needed to buy. Rento's establishment is also based on the market's increasing desire for "sharing economy". However, Rento offers different things where they not only focus on vertical matters but also smart contracts and services to borrow or rent anything for anyone. Loan and leasing solutions are available in full on the platform.
For some people, online transactions have a negative perception because they are prone to fraud and lack of responsibility from one party. But for Rento, you don't need to worry because Rento use and utilize block chain technology that has guaranteed security and trust. In addition, through smart contracts, all loan processes will be guaranteed and trusted throughout the system.
Rento allows individuals or businesses to register assets or products that are perceived as less useful or unused into their software. After the asset is registered, it will be followed by several important aspects such as the stipulated rental price, the schedule of the availability of assets, original pictures or videos of the assets to be leased, specifications, and specific terms and conditions for renting the assets.
The objectives of Rento in making this platform is that they want to maximize the use of economic resources. Therefore, Rento wants to provide services and products with several segments. The initial focus is on businesses and service providers and to fill the platform with the availability of large products and services so as to attract consumer interest and have a large selection of products and services. The segment that is to be launched is the main listing segment consisting of daily household products such as washing machines, lawn mowers, or snow blowers. Later, Rento will also provide other more attractive offers such as shared offices, conference facilities, construction equipment, parking lots, as well as underutilized human resources. In addtion, it is more likely to also build at least one store for brick and mortar rentals as proof of the concept for a sharing ecosystem.
Every product or asset submitted in the listing, will be kept transparent in terms of financial value. In addition, it is important to maintain a reputation for maintaining the trust of consumers and asset owners, so it is important to keep all information in the right, safe and verified hands.
Therefore, Rento needs technology that can protect information to be safe and verified and remain transparent. Rento use blockchain technology to secure local and international transactions, use smart contracts for bail, ensure that reviews from borrowers, lenders, services and products are real and verified, reduce friction for transactions, then verify transactions themselves and ensure payments and compensations are carried out through a smart contract if a contract violation occurs.
Rento targets smartphone users as the target market of their platform. Rento application is available for Android and iOS. The application are able to try and you can make a number of settings including setting up your account, making an order, adding a list of your assets or products, looking for lists using the filter feature, and arranging a list of your assets and incoming booking requests.
Specifically, Rento targets smartphone users in Europe to become consumers of the platform. Smartphone users in Europe are the ideal demographic because of the high sales of smartphones in Europe.
In the market sharing economy itself, there have been several similar applications with Rento such as Airbnb and Turo. Airbnb is engaged in hotel rentals and real estate. Whereas Turo operates in the field of private car rental. Both can be said to be Rento's main competitors in the rental sector. But Rento has its own goal of becoming a global sharing platform that can expand to a variety of untouched industries.
When compared to its competitors, Rento has the advantage of having unlimited industry scope. Airbnb can only focus on lodging rentals while Turo is on a private car rental and not having too large operating area. In fact, many people need other products or assets to borrow, such as temporary office space, office equipment, and construction equipment, but there is no easy access to get all of that. Therefore, Rento is present in the hope that it can facilitate access to the rental of these products and assets.
Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0
Website: https://rento-app.io/
White paper: https://rento-app.io/assets/whitepaper.pdf
Sharing Economy Industry is Growing
Sharing economy is an industry that has been developed long before technology has advanced as it is today. In the past, sharing the industrial economy was carried out at the level of person to person to the highest level of operation. With the development of increasingly rapid technology, the sharing economy industry has become wider scale, assisted also by the existence of internet technology. The internet has made the sharing economy of the industry increasingly widespread and open opportunities to be able to share with the people who have never even been met before. One of the missions of the global sharing industry is to provide opportunities for people to be part of a global sharing economy and share products and assets that are not used easily and quickly.
In recent years, the world has witnessed how small sharing-based startup such as Uber and Airbnb are currently increasing to become a billion-dollar company. Even though it looks promising, in fact, the sharing-based business that is currently booming has a lot of risks and can be said to have not reached the desired target.
Uber is one of the sharing economy industries that is currently trending and a successful example. Uber offers taxi drivers and passengers to operate together through the platform. They have a market valuation of around $ 70 billion. Likewise with Airbnb, which is worth $ 31 billion. Some others which are also popular applications such as Uber and Airbnb are ShareGrid, BoatBound, Rent the runway, Ravgo, and Trringo.
If it is seen from the data above, Uber and Airbnb describe the benefits of the global sharing economy industry. One factor that plays a role in the development of technologies such as smartphones and the internet supporting the growth of sharing-based applications. Another factor that supports the development of sharing-based applications is the demographics of the users who are the millennium generation. But it should also be noted that overall application users also come from all ages and economic backgrounds. Based on the survey, there were 80% of sharing economy users who were ready to pay more if the assets or products they rented were of high quality and durable. Nowadays, ICO has USD 800.000. It means that sharing economy parties must really pay attention to the assets or products offered are of high quality, so that the borrowers are also satisfied.
As an industry that is currently developing, the global sharing economy such as Rento will certainly meet several challenges that must be faced. Following are the challenges faced by the global sharing economy industry:
Growth in the global sharing of a limited industrial economy and only for certain industries
Even though the global sharing economy has a promising future, their focus is only on certain industries. For example, the hospitality industry, real estate, rent car industry. The growth of the global sharing economy industry is also influenced by innovations that are lacking and limited despite having great potential and capabilities.The need to install various applications
In this digital era, almost everyone installs social media applications and applications that can provide convenience in their lives. Like Twitter, Instagram, Facebook and eBay or Amazon. Because of the large number of applications installed, it causes the users to maintain the only useful applications for them. It is also inconvenient for the customers because of the mobile computing resources of the users. In addition, people have the same function so that they can maintain other applications.
Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0
Website: https://rento-app.io/
White paper: https://rento-app.io/assets/whitepaper.pdf
Social Media:
https://twitter.com/Rento_app
https://www.facebook.com/rentoapp/
https://t.me/rentoapp
Posted by: kurniawan05