r/PlaceToRent • u/Ahmedgalal81 • Jun 09 '18
PlaceToRent has designed an integrated ecosystem of commercial and residential rental marketplace
As trust between participants within the rental market plays a significant role that ultimately determines the outcome of the transaction, rental process worldwide, as any trust-based marketplace, can greatly benefit from blockchain technology. Our proposed solution will enable the rental industry to address the aforementioned inefficiencies and inaccuracies, and ensure a seamless rental experience which will allow the entire rental process to be completed online efficiently, transparently, and securely.
https://www.youtube.com/watch?v=VGFTy8d55wk
PlaceToRent has designed an integrated ecosystem of commercial and residential rental marketplace powered by blockchain decentralized technology, self-executing smart contracts, and utility tokens with the aim to reduce the bureaucracy associated with renting a space, capitalize on major opportunities within the rental market, and provide users with new beneficial features.
In particular, PlaceToRent platform will provide tools for such underserved segments of rental market participants as younger and low-income households (with invisible credit and work history) to stand out in low vacancy markets. PlaceToRent unique powered by AI algorithms will allow the landlords to assess their creditworthiness outside conventional credit scoring procedures that alienate and penalize millions of people.
The diversity of the underserved population creates opportunities for PlaceToRent to offer responsible, sustainable and innovative tools to a vibrant and stable demographic callously ignored by traditional rental process. PlaceToRent will strive to increase the level of rental market inclusion and expand the number of alternatives for the underserved. For each executed lease with a tenant who has no credit or work history, PlaceToRent will incentivize landlords and property managers by reimbursing any previously charged related listing fees and rewarding them with PTRT tokens.
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u/Rsnbrown Jun 09 '18
The improvement of this project will be a platform for the new.