Systems and methods for managing rental reservations with blockchain
Abstract:
Systems and methods discussed herein are related to a rental ecosystem that implements cryptographically linked blockchain technology to provide a less costly, more convenient, and more secure rental process. A transparent ecosystem is described that verifies information about renters and landlords, thereby fostering trust between parties to a rental agreement. Auctioning technology is also described that reduces traditional frustrations, scam rates, time delays, and friction points in the rental process to benefit both tenants and landlords. Further, ecosystems described within this application offer the ability for community members to assist quality tenants by funding rental costs, potentially unfreezing millions of dollars tied up in rental deposits in the process.
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