sep The Rental Market on the Blockchain

The Rental Market on the Blockchain

January 22, 2018 – 6:11 pm

In 1994, the now infamous video of the “Today Show” asked the question, “What is the Internet Anyway?”

It was a good question, considering at that time there were only about 10 to 20 million internet users. The New York Times even doubted this number. We all know how the whole Internet thing turned out.

Well, today we are in 1994 for Blockchain and Cryptocurrencies. This is inning #1 in a double header. You may have heard of the first ever cryptocurrency called Bitcoin. We won’t dive into that but you can view the live bitcoin price chart here to see how the price has been fluctuating over the last month and year. More importantly however, is the Blockchain, the underling technology similar to how the internet has provided the platform for a whole new level of wealth creation.

What is the Blockchain? TiltRx says the Blockchain is a distributed and decentralized ledger or database of economic transactions that can be programmed to record everything of value.

Below is an infographic to help explain this a bit more:

Now, imagine a rental world where every transaction from searching, marketing, showing, signing, living, operating and maintaining a rental property is recorded on the blockchain. Image all of the middlemen and service fees replaced by a decentralized platform?

Rentberry has thought a lot about the blockchain and is even currently running an ICO (Initial Coin Offering) to raise money to make this dream a reality.  We don’t know if that will be successful but we do know that the blockchain, just like the Internet in 1994 will prove to be essential in all aspects of our lives.

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