Blockchain Helping Rento as Sharing Economy Platform

Blockchain Helping Rento as Sharing Economy Platform

Nowadays technology is growing rapidly from year to year. Almost in every aspect of life, there are technologies that can help human life. One of the goals of technology is to make it easy for humans to do their jobs. Every day, more and more creativity arises that gives new innovations in existing technologies.

The development of technology today is inseparable from the demands of living. Humans are required to carry out various kinds of activities by not using too much time, space and money. This is what makes humans turn to use modern tools. However, it still requires humans to operate it.

Smartphone is one of the technology that is very close to humans and help in everyday life. Nowadays smartphone has a very important role in human life. Although its function as a communication tool, smartphone also simplify the business and work affairs of its users. As the name implies, you can do business with only one finger. Things like making a letter, sending an email and even transferring money, all can be done on one cellphone. You don’t have to bother opening a laptop to send an email or going to a bank to send money because it has been helped by the presence of a smartphone.

One of the technologies that have created and brought major changes is blockchain technology. Blockchain was introduced in 2009 which also coincided with the introduction of bitcoin by Satoshi Nakamoto. The blockchain is a decentralized system where each transaction does not require an intermediary. To be simpler, at this time every time you make a transaction, you need a bank as an intermediary in sending or receiving money. Meanwhile for the blockchain, there is no intermediary on the transactions made so that it speeds up the process and can be accessed by anyone because the blockchain does not belong to a company or individual. Everyone can access if there is an internet.

The blockchain technology is actually created because of a centralized software work system. When it is compared to centralized systems, the blockchain has many advantages. The strength of the blockchain is that it faces strong attacks and hacked servers. The transaction activity will not stop because there is another server handling the transaction unlike the centralized system that will be cut off once the system is being hacked.

These advantages make blockchain technology adopted by several digital platforms. There is a statement that if the global sharing economy of the industry is combined with blockchain technology, it will change the state of the human economy. One of the example is Rento. Rento is a global sharing economy application that offers loans for underutilized products or assets. The Blockchain offers transparency that can be accessed by anyone and that also applies to Rento in running its platform.

Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0

Website: https://rento-app.io/

White paper: https://rento-app.io/assets/whitepaper.pdf

Blockchain changes the global sharing of the industrial economy

 

Using blockchain technology is the right choice for Rento because the blockchain has the advantages of transparency, smart contracts, and irreversible records. This certainly provides an opportunity for Rento to be able to change the industry of sharing economy to become more advanced and trusted. If you are curious about what can be done by blockchain technology to change the industry of sharing economy, here are the list:

  1. Blockchain introduces transparency

One of the advantages of the blockchain is the transparency that occurs in every transaction. You can see and access information and transactions that occur. Data that is accessed and available is not possible to be manipulated because every changes in the data must be in accordance with the actual transaction. That is what will be applied to the Rento platform.

The sharing economy can run well if you get trust not only from the borrower but also from the product or asset lender. The blockchain technology will provide all relevant information about the assets or products to be lent. The information can also be accessed by each party easily just by connecting to the internet. With the transparency of the sharing economy, it can also minimize interactions between potential borrowers and lenders to maintain transparency in the ecosystem.

  1. Low transaction costs

If you make a transaction through a bank, there is an additional fee if you transfer to different bank. Usually each bank has its own set of costs for each transaction. Likewise, if you do an overseas transaction, you will be charged a huge fee which will automatically be deducted from your balance. This is because banks also consider the conversion costs of foreign exchange, transfer fees, and the cost of sending money.

On the blockchain, the transaction fees charged are far lower than centralized systems like bank. You do not need to pay more when doing every transaction on the blockchain even the cost is cheaper than through the traditional bank. Besides being cheap, the transaction process is only a fraction of a second. Unlike traditional bank transactions that take a long time to be processed. The ease, speed, and transparency of this transaction can occur also because of the digital cash.

  1. Fraud is less likely to happen

A transparent blockchain system makes all people who access can see all the relevant informations. So the possibility of crime and fraud is getting lower. The openness of the blockchain structure also complicates the movement of fraudsters to commit crimes. In addition, with the validation methodology, it will ensure the authenticity of each feedback provided. Therefore, there is little possibility of fraud on a transparent blockchain structure and every information is validated.

  1. Risk protection facilities with smart contracts

The smart contract exists with the aim of creating a binding agreement or agreement consisting of several parties. The smart contract was first conceived by a cryptographer named Nick Szabo. If you usually store the information in the form of documents, then in the blockchain smart contract takes the form of a code. Contracts that occur later are of a permanent nature that cannot be changed again.

Smart contracts are actually made to overcome trust problems that usually arise if people make a transaction or borrow goods or products. With the existence of a smart contract, payments and transactions will be guaranteed and deposits will also be saved when the goods are being lent. It certainly provides protection against financial risks that may occur when goods are lent. The smart contract also offers efficient risk priority mechanisms.

Rento was created to provide convenience and speed in borrowing goods. But besides that, Rento also wants to grow the sharing of the economic ecosystem more broadly than the existing industry. Like hotels and transportation that have already run the industry. Therefore, Rento wants to cover other fields that have potential in this sharing economy industry. One of them is daily products or services. The platform is created to facilitate all lending and borrowing activities using blockchain technology. The technology also will ensure international transactions run safely and smart contracts that facilitate goods collateral.

Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0

Website: https://rento-app.io/

White paper: https://rento-app.io/assets/whitepaper.pdf

The Key Components of Rento Ecosystems

 

As previously explained, Rento wants to expand its ecosystem to exceed the existing industry. To be able to run it all, of course, it requires the consistency and development of the main components of Rento so that the desired ideals are achieved. Therefore there are three key components of the Rento ecosystem. The three are:

  1. Rento Application

The application is one of the key of Rento Ecosystem. The aims of Rento is to share the industrial economy in a larger scope. So it will not only focus on transportation, real estate, and hospitality industries but also other industry which also is useful for people. Such as daily use items, office rooms, meeting rooms, equipment tools, hardware devices, construction tools, cameras, and other items, goods, or service that will likely be useful and needed. There are features available on the platform in order to make the rentals getting easier. Those are the feature for the users or the borrower:

a) The listing page

Listing page is one of the important feature available in the platform. In this section, there is a list of all the available products and services ready for being rented by the borrower. It also supports many classifications such as searching filter and geo-filters that will help you in searching relevant items needed.

b) Search Engine

This feature will help the customers to search what the product or service that they need. In addition, It also has the filter and sorting capabilities to make the customer easier searching product.

c) The Renting calendar

The calendar feature in the Rento application is used to see whether the product and service they need is available or not. Every product and service its availability can be seen in this feature. In addition, later Rento will launch its new feature called “Book-in-advanced” once the platform is launched. Users can also approach a product based on their listed opening.

d) Feedback

Rento provides feedback features where borrowers can give their ratings and feedback after renting the product or service that they need based on the experience that they get while using it. In this case, blockchain technology is very helpful in preventing and minimizing the feedback manipulative provided on the platform.

After knowing the feature of the users, there are also features available for the listing owner. The feature available helps the listing owner to monitor its active product or service which is being rent. Therefore, it is different from the users. These are the features for listing owners:

a) Active Listing

This feature will help the listing owner or the lenders to find its active listings in one location. The listing owners can also see the renting schedule for its product or services on the active listing page.

b) Listing and Advertising package details

For listing owners, they can access the details package on the dashboard. In addition, Rento will provide points to service providers or businesses if they have finished registering. Later, Rento will also introduce ad positions and premium listings after 2020.

c) Customer Insight

Customer insight feature is available for listing owners so they understand how the customers behaviour. In addition, this feature can also provide rental preferences and some parameters so that the business can develop better.

  1. Rento Blockchain

The advantages of blockchain technology seem to be suitable for the application of the global sharing economy. Rento is one of those who has used the technology on its platform. Rento creates an ownership blockchain that has different features for sharing the global economy. In addition, Rento made the chain specifically for the global sharing economy. Making sure that it is the best database needed for Rento ecosystem.

a) Custom Smart Contract Facility

At present, Rento requires a special smart contract that has the flexibility to be able to expand the functionality to face challenges in the future. It is because on the blockchain platform there are currently no special smart contracts that Rento needs.

b) Handle dispute resolution

When disputes between borrowers and lenders occur, Rento must have full control of the blockchain system. So it needs its own blockchain so that problems can be resolved in accordance with local regulations. This cannot happen if Rento uses a blockchain from a third party.

  1. Store Model Store

As the name implies, Rento Model Store is a rental shop that will provide various rental products such as household appliances, lawn tractors, and scooters. All rental transactions remain through the Rento platform. The presence of Rento Model Store can also strengthen credibility and promote the vision of sharing economy directly. Another advantage gained from using this service is that feedback will be immediately heard by Rento from the customer after they use the product or asset they rent.

The Rento Model Store service also opens up the possibility of becoming a franchise brand where if there are people who are interested in operating the Rento Model Store under the Rento franchise, they must achieve a number of conditions in accordance with the franchise agreement.

Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0

Website: https://rento-app.io/

White paper: https://rento-app.io/assets/whitepaper.pdf

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Posted by: kurniawan05

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What are the Mesh Wi-Fi Systems? Should You Buy One?

What are the Mesh Wi-Fi Systems? Should You Buy One?

In today’s digital world, one can’t spend a day without using the Internet. If your Wi-Fi router is not reaching to different points of your home, then you should get it replaced with a new Wi-Fi system. If you are searching for a reliable Wi-Fi router and the whole network system, then we recommend you to go with the Mesh WiFi Systems. The Mesh WiFi systems are more reliable and advanced systems to enhance the Wireless connectivity experience in your home and other places.

What are the Mesh Wi-Fi Systems?

The Mesh Wi-Fi Systems is nothing but a system to enhance the network’s compatibility of the routers. They can manage the entire Wireless connection of your home and offers good connectivity by covering the different points.

The Mesh Wi-Fi System includes multiple Wireless Routers to provide maximum wireless connectivity to different places of your home. The system has two or more routers which work simultaneously. Of course, there’s an alternative to this system and that is the second router for your home. However, they are not reliable and hard to setup.

What makes the Mesh Wi-Fi System unique and more reliable is they are very easy to setup. You don’t need to set up two different routers and keep different names of them, the Mesh System holds your connectivity requirements and gives you the best and super-fast connectivity.

How to setup the Mesh Wi-Fi Systems?

The setup process for the Mesh Wi-Fi System is pretty easy and can be used by anyone. You don’t need to be a technical person in order to setup the Mesh Wi-Fi system at your home or office or any other place. The system requires you to plug it into the power source and follow the simple steps to start working with the router.

Moreover, the management of this system is also very decent and it comes with simple and easy to use controls. The system doesn’t come with any complicated features and you can use them freely on your system. The whole set of features are easy to access and use by the beginners.

If you are searching for a compatible and advanced Mesh Wi-Fi systems for your home, then Tenda Nova MW6 is the best option available for you in the market. You can get more information about this popular system by reading the full product review.

If you are confused on whether you should buy a new Mesh Wi-Fi system or not, then here’s your answer.

The advantages of the Mesh Wi-Fi System?

In addition to create a strong and reliable Internet network within the home to reach out to hard-to-reach areas, the Mesh Wi-Fi System is the perfect option for you. The systems have a lot of benefits which are enlisted below.

  • Easy to setup system for the entire home’s connectivity
  • Reliable management features to manage the network’s connectivity and basic requirements
  • Provides streamlined connections to multiple devices
  • Comes with good security support
  • Stylish design and compact size
  • Provides strong connection to all the spots of your home
  • These are the benefits of setting up the Mesh Wi-Fi System at your home.

Why you should buy it?

Traditional Wi-Fi routers won’t cover large areas and they require an additional Wi-Fi extender. On the other hand, the Mess Wi-Fi systems comes with easy setup and management process. They also cover the large areas and provide better connectivity to different places of your home. This makes them the best Wireless Routers and Systems in the current market. You don’t have to deal with poor connectivity and interrupted connections in your home, just go with the Mess Wi-Fi system and make your Internet life better.

Online Movie Streaming: A Starter Guide to Cutting the Cord

We have seen a drastic change in the Television Industry over the past few years. If we talk about the current period, we have a huge number of Television Manufacturers with Smart features. The way how we used to entertain ourselves using the Television and Cable networks have been changed. The technology has put the scissor on the Cables and now we have plenty of online TV streaming services available to cut the cord of cables.

By the passing of time, we have been presented with a lot of advanced gadgets and devices to make our lives much simpler. The Online Movie Streaming has been increasing popular nowadays, thanks to different types of free movie apps which are available for both, Android and iOS mobile platforms. We can now stream all types of movies and TV Shows right from a smartphone by using such online TV streaming apps. You can actually live a hassle-free and cord-free life with these applications.

To cut the actual cord, you need to be well-prepared first. If you have decided to become a cord-free user for streaming movies and TV shows on your phones and Television screens, then you should follow a few below-listed points first.

Things to consider before going cord-free

Before you choose any of the available online TV Streaming services or movie watching apps for your smartphone, the first thing you need to consider is the Speed of the Internet. The cord-free devices require high-speed Internet connection and you have to use the network which comes with high-speed and good performance with uninterrupted Internet connection.

Netflix, Amazon Prime Video and many other popular TV Streaming services which are web-based and to operate and explore their services, you must be equipped with high-speed Internet. Without the proper Internet connectivity, you will not be able to use their services.

Apart from this, you should also check the available plans to subscribe with. Most online TV Streaming services offer numerous plans for their subscribers. Depending upon your basic requirements, you can pick the right subscription plan which is affordable for you and suits your basic entertainment demands.

What are the best Online streaming Devices and Services available?

In this competitive digital world, we have plenty of Online TV Streamers available with physical devices and with their web-based services. If you don’t have a smart Television at your home, you can simply plug in the device to the USB port of your Television and can start streaming your favorite Movies, TV Shows, TV Channels and much more on a big Television screen smoothly. Here, we have enlisted the best TV Streaming Devices and services for you.

The Best TV Streaming Devices and Web-based Services

Streaming Devices

  • Amazon Fire TV Cubs from Amazon
  • Roku Streaming Stick+
  • Apple TV 4K from Apple
  • Chromecast Ultra from Google

Streaming Services

  • Netflix
  • Amazon Prime Instant Video
  • Hulu
  • Crackle
  • HBO Now
  • Showtime

Web-TV Services

  • Sling TV
  • PlayStation Vue
  • DirectTV Now
  • Hulu with Live TV
  • YouTube TV

These are all the different types of TV Streaming Devices and web-based services and applications available in the market for different types of consumers and their demands. Apart from this, you can also find numerous mobile apps which let you explore your favorite movies and TV shows for free.

There are hundreds of such apps available in the market which are absolutely for free and they don’t ask for any specific subscriptions or fees. You can simply get your favorite movies and TV shows explored and downloaded on the devices.

Conclusion:

The cord-cutting experience makes your life simpler as you don’t need to work with the cables and other devices. The TV Streaming devices come with compact size and can even fits in your pocket. You can watch anything at any time using the web-based services and other online streaming applications on your Smartphones and Tablets. You should switch to cord-free operations now!