fraud

EFT

Nov 15 2019

Beneficial Stuff Easy Feedback Token

Along with the development of technology, the results of the current digital currency system can develop in various fields. The progress was felt when a crowdfunding system emerged, which was held by several companies or platforms, one of which was an accessible feedback token.

The use of digital currency or cryptocurrency is now starting to dominate the trade and service markets. Almost all factors in every line of life are already equipped with payment systems using digital currencies. Behind it, there are hundreds of company names that serve as benchmarks for the operation of a cryptocurrency, one of which is the Easy Feedback Token.

Companies like Easy Feedback Token are engaged in the exchange. Although the medium they use is limited to an online platform, this company is sufficient to have more competence in their fields by offering tremendous benefits and employing experts and professionals in operating the system.

Some things we know are the existence and operating system of a cryptocurrency using a moderately complicated mechanism. Since its first publication in the past few years with the advent of bitcoin with its blockchain system, which is quite making significant changes in the area of ​​business economy and banking.

After the emergence and distribution of bitcoin as a pioneer of cryptocurrencies, until now, there have been recorded more than hundreds of official digital currencies circulating legally on the money market. The need for this currency is very influential in the world of trading, as well as those who work using the stock as the main scale.

Then the development of the blockchain system was applied to various fields. So far, what we know is that this type of digital currency can only be used in economics, and banking is a big mistake. We have all become indirect users of this cryptocurrency.

Currently, start-up companies and platforms that are just being built and are pioneering are the results of the modified production system of the blockchain mechanism. Their way of building a new start-up or platform is to use crowdfunding mechanisms provided by several companies, one of which is secure feedback tokens.

By using a blockchain system as a crowdfunding activity medium, it produces a variety of benefits that can be utilized by several parties at once because this blockchain system utilizes a network that builds from the ability of coding and mining skills that is quite capable so that the interface that is produced is a quality network.

In add startup quality network, because the system used to build a blockchain network is quite complicated, it can be concluded that this crowdfunding system will have excellent competence because it is filled with experts and professionals as the main actors.

EFT or Easy Feedback Token provides several offers that can be followed by investors or business entities that are in the process of development or in the stage of startup publications that require extensive networking.

Then in the progression and procedural cooperation, this Easy Feedback Token uses the Initial Exchange Offering pattern as its main program. This program is a development of the previous plan that allows various parties to join to do an extensive network.

However, as the system develops, it does not work effectively because the more people who are not known to participate in activities, the higher the level of potential undesirable things such as crime and fraud cases.

The IEO system imposes rules for every participant who will join and join the crowdfunding program that is available must first register with some reasonably strict steps. With the implementation of the system, each participant and member will be more awake in privacy and security.

Besides, the implementation of the IEO system will further tighten security and minimize the occurrence of frauds that occur. Therefore, the Easy Feedback Token as an organizer has thought carefully about it so that everyone who participates in this crowdfunding activity gets its benefits.

Then by using the multi-language system used on the platform, it is possible for this Easy Feedback Token to be compatible for use in any part of the world without exception.

The Advantages of Using the Easy Feedback Token Platform

Crowdfunding provider platforms are already available in a variety of types that have been spread and have legal certification to operate. But not all of these crowdfunding service provider platforms offer various benefits and benefits that can be felt by startup companies or investors who will build a new network in terms of the blockchain.

1. A higher level of security

By applying the IEO or Initial Exchange Offering system in its crowdfunding mechanism, the blockchain network that builds will be stronger. With a stronger and more adequate security system, this platform is believed to have excellent performance and has tremendous benefits in the field of trading and business.

2. Feedback is a benefit

Some people still doubt the rewards and feedback that will be provided by companies on a small or massive scale. But this form of cooperation is still needed. Asset tokens that are well managed with an operating system that is done by pros and experts.

3. More secure prevention

Using the Initial Exchange Offering system in its crowdfunding program will also make the privacy of each account, member, and participant more secure. With confidentiality maintained but still has a good policy, transparency will build the trust entwined in the order more closely.

4. Legitimate and legal

The security guaranteed by Easy Feeback Token is the existence of a legal advice service that was launched in March 2019. Working closely with legal entities that have official authority will increasingly make this platform secure in jurisdiction and legality.

There is still much other beneficial stuff that can be found in the Easy Feedback Token, ranging from a stable curve to feedback that will increasingly develop. Therefore the target of the global digital market is the wider community and start-up companies that produce their work. With such a cryptocurrency market, it will further facilitate network development if appropriately managed.

So far, crowdfunding management systems are still a scary aspect for some developing companies. The reason is building relationships, and collaboration with presentation systems like this always causes a variety of fraud, ranging from benefits that are not obtained to fraud that can happen immediately.

Therefore, the selection of token assets and crowdfunding activities in the blockchain circle must be considered. Because out there, cybercrime and other crimes will develop along with the development of technology.

Link nya:

Ann Thread: https://bitcointalk.org/index.php?topic=5155778

Website: https://www.easyfeedbacktoken.io/en

White Paper:  https://www.easyfeedbacktoken.io/wp-content/uploads/2019/06/Easy_Feedback_Token_EFT_WhitePaper_en.pdf

Social Media:

https://t.me/EasyFeedbackToken

https://www.facebook.com/EasyFeedbackToken

Posted by kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

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CMA IEO

Jun 8 2019

The Crypto Market Ads for The Better Advertising System with Blockchain Technology

The use of the internet requires that everyone around the world is connected quickly and easily. The purpose of the internet is now increasingly widespread with the availability of various digital platforms to facilitate human interests. All things now can be done quickly with a digital system. It is also offered at a very affordable cost. However, is it actually like that?

The development of various platforms with cryptocurrency since 2017 leaves multiple problems like a fraud. This is a challenge for digital platform developers to improve security. The use of cryptocurrencies is the application of technology to facilitate the payment system.

The development of the digital platform requires everyone who has the interest to use rules that are tailored to the platform. The role of digital platforms was developed to solve several problems that occur in traditional systems. All developments include improvements to the security system and user comfort. Every aspect of its development prioritizes the interests of users.

CryptoMarketAds is also developed as a digital platform to facilitate access in the digital advertising field. Some of the problems that often occur in the previous market are related to the high cost of applying crypto advertising. CryptoMarketAds platform will provide financing related solutions to Crypto advertising more efficiently. It will offer benefits to anyone who joins the ecosystem.

Some users also think that crypto marketing is overpriced. That may be controlled by several factors that can influence it. CryptoMarketAds will make crypto marketing with an extensive and costly network. The use of the platform can help everyone to reduce marketing costs for various things to be widely known. The current challenges are also related to the difficulty of finding influencers.

The use of digital platforms means that it can be accessed by anyone in the world. That also makes scamming increase uncontrollably. Some digital assets need to be maintained with a high level of security. The security system must also be updated to keep user assets safe. So, CryptoMarketAds brings challenges to the digital market to build new platforms as a solution to the problems that have occurred so far.

 

What solutions That CryptoMarketAds Provide for Better Transaction?

With various problems in the advertising market, CryptoMarketAds provides the best solution with democratic and decentralized crypto ads and marketplace. CryptoMarketAds will be a platform that is ready for every challenge given to the digital market. The platform can be used to bring crypto bounty hunters, influencers, and publishers together. CMA will be presented with various features that are adequate for the crypto world with a sound security system.

CMA offers features that support digital transactions such as forum signatures, social channels, website & ICO listings, Email Newsletters, Marketing services, Blockchain services, and Advisers. Every feature that exists will help you to get the best experience in the field of advertising. You will also get the speed of transactions with a platform built on blockchain technology. Full features are also added, such as advisers to help you in several action options.

CMA is built on market demand for crypto advertising and marketing. Currently, a significant exchange is needed to maintain a high volume of purchase orders. The developer realizes that user needs are essential and need to be fulfilled. Every step that the user needs to go through to be able to use the ecosystem will be facilitated. Exchange can be safely carried out on the blockchain.

Ann Thread: https://bitcointalk.org/index.php?topic=5123256.0

Website: https://www.cryptomarketads.com/

White Paper: https://www.cryptomarketads.com/CMA_whitepaper.pdf

 

What are the Benefits for Advertisers?

CMA was established by providing benefits for each party involved. Every user who joins the ecosystem will get the best experience in transactions. Now, launching an advertisement is a precious thing. Even the cost calculation is based on duration per second. That will undoubtedly make swelling when repeated impressions are needed for your ad.

Problems also occur when influencers are not in place. You will find it harder to expand your ad. At present, CMA comes with advertising and marketing services for any budget. It will happen more affordable so you can choose to advertise the products or services you have. The use of the platform also allows all crypto influencers and publishers to be in place.

CMA will facilitate advertisers by meeting you with all crypto influencers and publishers on one platform. That will make it easier for you with more economical costs. The CMA platform is also equipped with escrow and protection against fraud. Transactions that you do are very safe. You do not need to worry about the possibility of fraud and various harmful acts of fraud.

 

What Benefits Do Publishers Get?

The platform provides real benefits for publishers. It will be given the lowest cost ever. This feature is undoubtedly new to CMA. Costs being the main factor affecting the advertising market today will be handled with very low financing. This is the main feature that can make you switch to using CMA to publish your ad.

The payment system also affects the speed of transactions. CMA is built on a blockchain and will use cryptocurrency for every sale made on the ecosystem. That will undoubtedly support the fastest payment in this industry. You don’t need to use a third party to complete payment. The use of tokens will provide the quickest payment service for everything you do.

CMA will also present targeted crypto market advertisers that will make it easier for publishers. Every service that CMA offers will have a good impact on every user. Publishers will get the best experience on the platform developed by utilizing blockchain technology. Every available data is also guaranteed to be safe without fraud.

 

What are the Token Features of the CMA Ecosystem?

CMA tokens will be utility tokens that will be used as the only payment option on the market. This will make the token highly liquid. Token purchases can be made at ICO. You can visit the website to be able to participate in sales. As the only payment option for each service, you need to get it when you join in the ecosystem.

CMA token holders will also have unique access to every service they have. You can get several facilities in the ecosystem. Each token holder can also make transactions at any time in the ecosystem. It will help you make deals more comfortable and get exciting features offered by the CMA platform only for you. CMA tokens are also used by the advertiser to pay for advertisements and any services that exist in the ecosystem.

You need just one step to participate in the IEO. You can visit the website and send your email address. By clicking on the list, you will get complete information about the IEO.You can change 1 ETH for 22888 CMA. Your participation will help to engage in transactions actively. The use of ecosystems can save advertising costs and at the same time, provide benefits with various features offered.

https://youtu.be/0Ega0ReBqRc

 

How Does It Work?

You must be curious about how CMA works to provide the best service for everyone who participates. With blockchain technology, every data you enter into the ecosystem will be very safe. It can also help transactions quickly and reliably. Several steps are needed so you can participate in every service provided. Here are some steps you need to go through.

  1. The seller must register for himself on the blockchain of goods and services, along with the product or service that will be sold to the ecosystem
  2. The seller selects the marketplace that is desired to sell goods and services owned
  3. Before all this, the market must have parameters for every item and service received. This can also be used as a standard for validating every product or service that will be offered.
  4. Sellers of goods and services are syndicated into the chosen marketplace
  5. When a product or service is sold, markets will earn markup they have set for their native tokens or playing blockchain coins
  6. Payments will be made by the ecosystem by converting to tokens owned by the seller. When possible, it will become the leading blockchain cryptocurrency
  7. All payments to sellers are accepted as playing blockchain coin

It’s easy to participate in an ecosystem built on blockchain technology. The procedure is made simple so that anyone can participate easily. The platform also offers a high-security system because it is related to digital assets owned by users, both sellers, and buyers of goods and services. All of that can be obtained at the lowest cost so that you can avoid cost overruns.

 

The ICO Platform for Marketplaces

ICO is held to achieve the suitability of ecosystem development and its utilization for ease of transactions. When the CMA ICO hard stamp is reached, the ICO platform for the market will be built along with the market builder. This will undoubtedly provide an opportunity for users to create ICO on newly established markets and collect further development and marketing funds.

In the end, users will use the CryptoMarketsAds market for various purposes such as advertising, marketing, and various other services offered on the ecosystem. The ICO platform will provide all necessary information for rapid ICO manufacture and execution so that the issuance of tokens on the blockchain for sellers (goods and services) and the market can be resolved immediately.

The CMA market will be used as ICO marketing. That means it will connect all decentralized applications to the primary blockchain internet ecosystem. The use of the platform can also be done for all users everywhere. You can participate easily and comfortably on a secure blockchain technology platform. The development of a decentralized platform will certainly make it easier for you to transact without worrying about various adverse things.

 

Turn Immediately To CMA For More Affordable Services

CMA provides solutions for better advertising in the future by utilizing blockchain technology. With the existing problems, CMA offers the best solution that benefits every party who joins. CMA considers all challenges to building crypto market platforms. That will help anyone with many goals, such as:

  • Promotion or offer marketing services

You can make your contribution with various products and services that you can make to assist with marketing. You can do that by joining the ecosystem and selling your services. Besides, buyers who need your facilities will also be facilitated by your presence in the ecosystem. Transactions can be made directly on the platform.

  • Provide consulting services

Consultation is required to service products or services related to advertising. In the ecosystem, you can provide consulting services so that it will help everyone about advertising and also help everyone to be able to make the best decisions. That will help users maximize services in the ecosystem.

  • Buy services related to existing crypto projects or new ICO

Purchasing products and services can be obtained easily. In addition to the services and products offered by the seller, you can also participate in the ecosystem to have the latest experience regarding participation in the ICO. It will also help you participate in developing ecosystems with blockchain technology for secure transactions.

CMA provides the best solution for a healthy and active safe market. That will help users to have a lot of income by taking advantage of opportunities in the crypto market. Everyone on the market will need income from every content they have, websites, forum activities, videos, webinars, email campaigns, and other services provided.

The use of utility tokens also encourages a secure and fast payment system. That will be used as an application of cryptocurrency for platforms that adopt blockchain technology. The technology ensures that every transaction you make is safe. The data you provide is also very safe, which will be stored in the block. Blockchain technology has been widely adopted for digital platforms because of its ability to handle transactions safely.

The CMA platform will be the safest platform to transact with a decentralized system based on the application of blockchain technology. You can get services at affordable prices. Besides, you can also participate as a seller of products or services with a safe and straightforward procedure. Immediately join the ecosystem to get the best experience in transacting on digital platforms.

Ann Thread: https://bitcointalk.org/index.php?topic=5123256.0

Website: https://www.cryptomarketads.com/

White Paper: https://www.cryptomarketads.com/CMA_whitepaper.pdf

Social Media:

https://twitter.com/cryptomarketads

https://www.facebook.com/cryptomarketads

http://t.me/CryptoMarketAdsOfficial

https://twitter.com/cryptomarketads

Posted by: kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

 

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Migranet_1

Jun 1 2019

Introducing Migranet As The New Method for Immigration with the Digital Platform That Uses Blockchain and AI

Migranet is one of the platforms developed to facilitate the immigration process for migrants throughout the world. This platform was designed with a mission to create a global community that is a place for migrants, travelers, and processing systems formed in a standardized, automated immigration ecosystem.

The Migranet platform will be a system that provides facilities for migrants to carry out the migration process. The system will ensure that every transaction carried out on the ecosystem is very safe and free of fraud, free of corruption, and the costs needed are very affordable for migration or traveling. The platform is also run transparently to increase the convenience of users.

For the system to materialize by its initial interests, Migranet tries to optimize every process needed in migration. It was realized by involving artificial intelligence, biometrics, and blockchain technology. The combination of these technologies will increase speed, accuracy, authenticity, and accountability for a global scale migration system.

Migranet uses utility tokens for each migration service available on the platform. It aims to reduce the involvement of third parties so that migrants do not need to have bank accounts. The application of blockchain technology is also expected that the platform can be run transparently and fairly in full for each service provided by the ecosystem.

Migrants will offer a transparent and automated migration system so that the current inefficiency of migration practices marginalizes no more immigrants. The traditional method that is currently being implemented is getting worse along with globalization, population, size, and the number of immigration that continues to increase.

In the end, Migranet will empower individuals to be able to use the right of every person from birth to explore the world safely and reliably. Everyone is born the same, but not all can explore themselves. The limitations of a comfortable place to live must be abolished to bring justice to every inhabitant of the earth.

Ann Thread: https://bitcointalk.org/index.php?topic=5124821.0

Website: https://migranet.io/

White Paper: https://migranet.io/wp-content/uploads/2019/04/Migranet-Whitepaper-v.1.1.10.pdf

What services do migrants offer?

As the first platform in the world to provide smooth migration with Blockchain and AI technology, Migranet offers several service features that can be done. Migrant ability is undoubtedly supported by professionals who are experts in their respective fields. That will produce a platform with solutions to problems with migration. Following is the service there is a Migranet Platform.

  • Migranet will be present as a place of credentials by utilizing AI. An assessment will be carried out to provide options for immigrants where possible from an appropriate host country. A professional opinion can be obtained without costs.
  • When migrants successfully choose the country and agree to process the application using the Migranet platform, the fees for services are $ 500 for migration and $ 150 for applications. Payments can be made through MIG tokens with an amount equivalent to USD. After that, the form will be entered into the Visa office.
  • Migranet has selected law firm partners throughout the world who should process cases such as appeals, family class application asylum, and other situations that require legal intervention.
  • Biometric-based refugee IDs will be provided by the Migranet platform, which will then be stored on the blockchain so that the IDP’s identity will be safe, confidential, and cannot be fertilized. Identification on a biometric basis can also help host countries with resettlement residents.
  • The safety of refugees can also be ensured by maintaining a real identity. The given biometric ID will not include the official name, date of birth, and country of origin. Instead, it will only be an encrypted hash.
  • Verification by credentials can be realized with AI technology so that it can accelerate the resettlement of migrants in the host country.
  • Migranet is a value-oriented organization, so it will create a Migranet Charity Fund after the platform has become operational. Some of the benefits will be used to help migrants who experience difficulties during the migration process.
  • In the future, Migranet aims to build 75 offices worldwide to help migrants with applications, fiat currencies to MID conversions in online customer service. Currently, Migranet will start by creating an office in every major continent, namely North America, South America, Europe, Asia, Africa, and Australia. Migrants embassies on the six continents will also be built so that they need offices to operate with the embassy’s mandate.

So the goal of Migranet is to build facilities that are useful for migrants in obtaining safe housing. This solution also serves to reduce the crime that migrants often experience such as fraud. Migrants will become a trusted platform for organizing the migration process globally.

Why establish Migranet as a Migration Platform?

Developers realize that migration is a fundamental part of life throughout history in the world. Today, with globalization and increasing world links, immigration seems to be one of the characteristics that occur. For hundreds of years ago scholars and policymakers have studied the reasons behind and the effects of migration.

Some knowledge of migration illustrates the complexity, dynamism, and different relationships between development and migration. Immigration is essential for many households and individuals as well as a challenge for the economy. In 2017 migration was adapted from the UN sustainable development goals and the Global Compact on Migration on the first UN adopted in December 2018 before the Heads of State and Government of all UN member states.

According to data from the United Nations, there are around 258 million people who have migrated from their home countries and currently live in other countries. This amount is approximately 3.4% of the population globally. The number of tests has increased by 2.8% since 200 and is expected to continue to increase dramatically for the next few years.

There are several problems behind the benefits of globalization, such as immigration processing fees and different travel policies between countries. Policy makers also understand the importance of migration and realize that migration can produce development. But still, movement is not an easy thing to do.

The increased population continues to occur along with the prosperity of economists and welfare when people from other countries settle in a country. This gives two implications. Namely, migration is the key to reducing poverty, and on the other hand, immigration tends to have a stagnant economy. That is what causes movement to be still a topic that is misunderstood and provides several problems in various fields.

Initiatives for the integration of national migration policies have not even produced results. This is related to policies that make economic migrants such as tourists, international workers, and students and non-economic immigrants such as refugees to be harmed. They are exploited by a system of migration that is corrupt, fraudulent, and expensive.

Countries that are said to have good immigration policies also have some shortcomings in their systems. Some developed countries even have closed-door policies for immigrants with low skills. Some migrants who have successfully entered other countries are also often exploited and experience rights violations.

Global demand that continues to experience changes in labor is also supported by academic, corporate, or professional development, terror, and war. The world government must be able to divert their resources and attention to assist refugees who bear the most significant burden.

This requires better methods to provide disadvantaged populations with health care, quality education, and decent living. The world must work together to achieve the goals for the welfare of all people in the world by carrying out four pillars, which include migration, investment, trade, and information flow.

There are The Benefits of the Migrants Platform for The Future Immigration

Migration has a two-sided effect on the global and national economy. Migranet is developed with the same belief as to the SDGs that state that the benefits of movement far outweigh the disadvantages. Besides, every person who migrates usually has the opportunity to seek excellence or get a better life. Here are some benefits of migration.

  • Migration can increase the host’s economy as a start. This can be done by supporting the calm of the host work to encourage investment and growth.
  • Migration can also help overcome challenges caused by an increase in an aging population in developed countries.
  • Migration can also have the potential for inter-country money transfer transactions. When someone works abroad, they will send money to their home country so they can contribute to the economy.
  • When human populations experience growth, it is also comparable to market growth. Migration is a global market that can provide benefits for the country.

The Migranet platform understands that migration has a good impact on the country. This makes Migrants provide facilities to facilitate the process of migration between countries globally. The application of blockchain technology and AI can support the accuracy of decision making for immigrants to choose a country to visit or make a place to live. Of course, this service requires a fee, but the amount spent is far more affordable than the traditional migration process.

 

What are the Costs to be Paid for Getting Services on the Platform Migranet?

You need to know that every transaction on the Migranet platform requires you to use MIG Tokens. Each service will have a related transaction fee. The fees provided by immigrants will be direct income for Migrants. The service costs pegged are far lower than the prices required to pay for financial institutions at this time.

Low costing makes migrants reduce costs and increase profits. Migrants will be able to benefit from the distribution characteristics using a safe, fair, and efficient blockchain. The use of architecture from smart contracts will also make transactions can be done more quickly.

The cost of using the Migranet platform for 0.5% of our transactions includes automating the traditional migration process and the consequences of monetary transactions throughout the world. The following are the costs needed for processing immigration through Migranet:

$500 for permanent residency

$150 for visit, work, and student permits

$250 per person for assessment of refugee credentials, Blockchain IDs and Bio-metrics (where the government, UN, or NGOs are clients)

You can receive services through the Migranet agent, which is available 24 hours a day, seven days a week. The best services will be provided by the Migranet Platform to provide convenience in the migration process. The purpose of eliminating the complicated and full-fledged migration process can be reduced by utilizing a transparent blockchain technology platform.

How to connect with the Migranet platform?

You can do this only in a secure way. First, when you are interested, you can join the Initial Token Offering (ITO) which will end on August 15, 2019. You can get detailed information through web pages or social media from Migranet. That will make you connect to the platform as the Token holder. As you know, tokens become cryptocurrency for each service contained in the ecosystem.

You can register when you want to migrate through the official Migranet webpage. That might require some of your data. But you can calmly give it because every data you provide will be safely stored on the blockchain technology platform. The information you provide will also be encrypted in the form of a hash, and that is also confidential.

After you enter your data and other details, then let the AI work. It will give recommendations on which country you are suitable. Certain conditions can also let you enter the country you want, and then an assessment will be made. When you are ready to use the platform, you need to make payments for services.

After you choose what services you need and make payments, you will get the application. Leave the rest on the platform to manage your migration documents. That can be resolved immediately. You do not need to use traditional methods that may take a lot of time and costs. An easy way is now available with the use of blockchain and AI technology.

The Result

The Migranet Platform comes to complete problems related to migration globally by realizing the positive impact of immigration for the country. Utilization of blockchain and AI technology is intended to provide the best service to improve transaction security and accuracy for recommendations on destination countries for immigrants. The platform provides very affordable service costs and is much cheaper than the expenses required for traditional services.

Social Media:

https://twitter.com/migranet1

https://www.facebook.com/migranet888/

https://t.me//migranet

Posted by: kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741
ETH address: 0x3946bc29197BF793CB796243109b39b019c3fC00

By • • Tags: , , , , , , , , ,

Rento_1

Feb 25 2019

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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