The time-consuming, costly and unnerving process of finding an apartment made us question the efciency of the traditional long-term rental process. With our founders having lived and worked on two diferent continents and having seed round investors from 11 diferent countries, we know firsthand that the same problems with long-term rentals exist not just in the U.S. but at an international level. Promotions of long-term rental properties ofer no real value to users other than pictures and descriptions of the properties. Rentberry, however, is working on a technology that will unite tenants and landlords and simplify the rental process with a more complete online property management solution built on the blockchain.
WHAT IS RENT BERRY?
Rentberry is a decentralized long-term rental ecosystem that will use blockchain technology to make the rental process less costly and more convenient and secure. The transparent ecosystem with verified information on renters and landlords fosters trust between the parties. Rentberry’s proprietary auctioning technology reduces traditional frustrations, scam rates, time delays, and friction points in the rental process to benefit both tenants and landlords. Also, the Rentberry ecosystem will ofer the ability for community members to help back quality tenants, unfreezing millions of dollars tied up rental security deposits in the process.
Our Mission
We are convinced that long-term rental space is the next industry to be disrupted by technologies, and our entire team believes that blockchain and smart contracts are the inherent part of the upcoming innovation. Here at Rentberry, our goal is to make both landlords and tenants enjoy a fully decentralized rental experience that includes open and transparent application process, crowdsourced security deposit network, instant rent payments, internationally valid tenant and landlord scores, to name a few.
ABOUT RENT BERRY
Despite so many other industries having been successfully disrupted in recent years (retail, social media, transportation), the long-term property rental space remains mired in tradition and lacks comparable innovation. The process of long-term rentals still results in frustration and lost time for both the owners of rental properties who are looking for additional income and potential tenants who are looking for a place to call home. There has not yet been technological disruption significant enough to usher in a new—and better—way to rent. Here at Rentberry, we aim to change that.
Rentberry plans to streamline the entire long-term rental process using blockchain and smart contract technology and eliminate the need for a middleman, making it possible for tenants and landlords to complete all rental tasks in one place.
As Rentberry evolves, the platform will allow tenants and landlords to rate each other by submitting reviews, and will also allow both parties to assess each other by reference to those reviews and an immutable record of rental activity stored on the blockchain. This information, coupled with publicly available data (e.g., credit reports, background checks, etc.), will be analyzed and processed by Rentberry’s proprietary scoring technology. The Rentberry methodology will be more advanced, decentralized, secure/immutable and intuitive than vertically-focused solutions that analyze only one aspect of a renter’s history (such as Experian credit reports in the U.S.). In addition, since the Rentberry scores are part of the tenant and landlord profiles on the Rentberry platform, they can be used internationally. This will open a number of new possibilities, including by allowing:
- Landlords, in addition to the actual tenant application data, to use the Rentberry scoring system to choose the best tenant for the property;
- Members of the Rentberry community to use the Rentberry scoring system to identify quality tenants they want to back by helping them fund their rental security deposits, in return for certain rewards;
- Tenants to use the landlord scores in addition to open-house visits to find the properties with the best landlord.
BLOCKCHAIN TECHNOLOGY
The blockchain provides a mechanism for securing and transferring funds, and supporting the complex multi-party agreements that drive those fund transfers through the use of smart contracts. The fact that the data remains saved in an immutable distributed data store means that users can rest assured that their data cannot be tampered with, payment flows can be optimized, identity can be managed securely, and ultimately the overall rental experience can be improved. All users of Rentberry application(s) will be required to use an identity wallet to prove that they provided the data or that they initiated or approved the underlying activity. Landlords and tenants will be able to specify their own terms and conditions in their rental agreement smart contracts. Third party services are likely to be used to validate identity on the platform.
Initially, BERRY tokens will be issued on the Ethereum blockchain under either the ERC-20 or ERC-223 token standard. It is anticipated that Rentberry smart contracts will be written in Ethereum Solidity. In general, the solution will be built in a blockchain platform agnostic manner, to future proof for evolving and emerging blockchain technology innovations.
FEATURES OF THE PLATFORM
Rentberry’s team members have extensive experience developing a number of smart contract based applications. Using smart contracts to drive token movement automates the process, and removes the need to trust a single party with the funds. Blockchain and smart contracts together will manage and implement features on our platform involving: Each party will have their own identity private key / wallet, stored in their mobile device and secured using biometrics, and any user activity that is driven through the smart contract will be initiated / approved using the identity wallet as immutable proof of consent.
For example, a rental process that is fully processed on the Ethereum public blockchain might flow as follows: • Identity of user (tenant / landlord);
- Know Your Customer / Anti-Money Laundering;
- Reputation; • Proof of biometric authentication (NOT storage of biometric data);
- All activity that modifies the smart contract based identity profile;
- All agreements by parties; and
- All activity that drives token movement;
ABOUT TOKEN AND ICO
- What is
Rentberry Token
Rentberry Token is our proprietary cryptocurrency designed to facilitate a standardized global approach to the long-term rental process, with all transactions kept in a secure manner. - Name
BERRY - Fixed Limit
30,000,000 USD - Soft Cap
3,000,000 USD - Exchange
1 ETH = 2,500 BERRY - Currency
ETH, BTC - Min Purchase
0.1 ETH / 250 BERRY - Starts
December 5 (9:00 AM, New York, EST) - Ends
February 28 (11:59 PM, New York, EST) - Restrictions
United States of America,
People's Republic of China (except for Hong Kong, Macau and Taiwan), South Korea, Cuba, Iran, North Korea, Syria, Crimea Region
For more information visit the links below
Website: https://rentberry.cryptonomos.com/
Whitepaper: https://rentberry.cryptonomos.com/#whitepaper
Facebook: https://www.facebook.com/RentberryInc/
Twitter: https://twitter.com/rentberry_
Telegram: https://t.me/joinchat/E6YjkQ2yQwBk9WaP0q-zMQ
Author: https://bitcointalk.org/index.php?action=profile;u=1017518
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