The Rental Blockchain For Everyone

Renting out used goods is a great way to earn passive income. It may not be the most profitable, but one of the most sustainable and social ways, for sure. However, if you rent out your stuff to strangers online, you’d probably like some extra security.

Now, there is a rental blockchain platform that makes lending and renting more secure, transparent, efficient, accessible, and rewarding — for everyone. That’s why we built the ivault™️ sharing app.

So, here’s how it works.

Blockchain Meets Sharing Economy: The Rental Blockchain For Everyone — And Everything You Own.

The Rental Blockchain — How It Works

1. Choose An Item To Upload

With the easy-to-use ivault app, you can protect what you love by putting it on the blockchain. Think of ivault as a digital safe for your digitalized belongings. Only you can see what’s inside your personal private vault.

2. Generate A Permanent Record

Whenever you upload a new item in the ivault app, you create a digital version of that item. Our blockchain-based system generates a permanent record with a timestamp and unique ID. This record clearly states: “This item belongs to you.” It is stored on a distributed ledger, so it’s locked in forever, and no one can hack or manipulate your proof-of-ownership certificate.

With this tamper-proof record, you can always prove that you are the rightful owner of your item. In addition, with the ivault app, you can quickly report missing items when something gets lost or stolen.

Adding an item in the ivault app to generate a permanent record on the ivault blockchain equips you with clear proof-of-ownership for your belongings.

3. Publish Your Offer On The P2P Marketplace

So, your immutable proof-of-ownership adds an extra layer of protection for your item: This allows you to securely rent out items to people you don’t know on ivault’s fair and transparent P2P marketplace. Say what you will, but there is no other lending app or marketplace platform for everyday items to offer you that level of security—and privacy. Simply publish a post to offer your item for rent.

Publish your item on ivault’s fair and transparent peer-to-peer marketplace that will democratize sustainable consumption at a global scale.

4. Receive Requests And Seal The Deal

Soon, someone will find your offer and send a request. The negotiation begins. You can discuss all the details peer-to-peer in the private messenger. Once everything is clear, both of you need to hit “Accept” to make it official.

Peer-to-peer describes the direct negotiation between two parties that do not know each other. Thanks to blockchain technology they can trust each other without revealing their identity —AND without a middleman taking a large cut of their profits.

5. Create A Decentralized Rental Agreement

As a technology, blockchain is fully unbiased and neutral. It prefers neither owner nor renter, enabling trust between strangers. So, all transactions are safe and secure for both parties; they always happen exactly as you agreed upon — even without a middleman. Once you hit “Accept,” ivault’s system creates a decentralized rental contract for you.

Rental contracts on the blockchain. Nothing more to say.

6. Hand Over The Item

When the renter collects the item, our system logs the transition and temporary transfer of item responsibility into the record, marking the item as “borrowed.” In addition, the all-mighty blockchain always keeps an eye on your item and tracks in whose hands it is in real time. We call it item responsibility tracking.

7. Rely On Transparent Documentation

A blockchain-based platform is the best preventive anti-theft system for lending and renting. No one can steal your rental property unnoticed, and you will always get your money:

The detailed transaction record on the blockchain is fully transparent. Both the owner and the renter can access it at any given time. This helps both parties to resolve problems in case anything comes up:

1. The renter can prove you agreed to them borrowing your item.
2. The blockchain always registers the person responsible for bringing back your item safe and sound at any given time.
3. Thanks to KYC, our system always knows who’s the person in control of your item — even if you know little more than their username.
4. You can always prove that the item belongs to you.

Traditional local lending apps and marketplace platforms do not offer a comparable level of security, transparency, and trust. Enabled by utilizing blockchain technology.

8. Time to cash out

As the return date approaches, both of you will be reminded to prepare for the item’s return. Once the item is back, our system initiates the frictionless payment. Collect your rewards and keep it going!

Blockchain enables secure transactions and frictionless payments — as you all know.

Curious about what kind of rewards? Read more on our website and register for the token presale on our website: ivault.io

Short Summary With Benefits

ivault makes the age-old practice of lending and renting more secure, transparent, and efficient by using blockchain technology. Here are the clear benefits at a glance:

• proof of ownership,
• decentralized rental contracts,
• transparent documentation & conflict resolution,
• real-time item responsibility tracking,
• frictionless payment processing, and
• intrinsic fraud prevention properties.

Join The Community And Start Your Journey Today!

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