Decentralized Vehicle Rental Marketplace Based On the Blockchain Technology


The future is sharing economy, where people are able to utilize the resources to its full potential. The cars, The Homes and the time are all part of sharing economy. In the World guided by the digital technologies, it is imperative to utilize the advantages of the technology in our favor. The market for private vehicle rental is estimated to reach 20 Billion dollars by 2020.
The current challenges in the industry are difficult to be solved, such as enormous transaction fees on the platform and lack of diversity and choice. What do you think about the implementation of the blockchain technology in the rental market?
Solution offered
HIREGO is the decentralized marketplace for the private vehicle rentals. It provides users unlimited choice in a secure and trustless environment. Based on the Ethereum blockchain, directories of the vehicle registered on the platform are available to the users for their usage. Vehicle owners can add their vehicles to the platform. Payment on the platform is made using the cryptocurrency.
Insurance packages are also provided to the users of the platform. Three kinds of smart contracts are deployed on the platform; HGO Token, Vehicle non –fungible token and rental contract. HIREGO resolution team works tirelessly in times of dispute between parties on the platform. The Dapp can be used for the registration on the platform. Private and business are two different kinds of categories available on the platform for the usage of the vehicles.
ICO INFORMATION AND TEAM
100,000,000 HGO Tokens are issued for the project in which 60% are reserved for the ICO. Token pre-sale is currently live on the platform until 1st June 2018. The funds from the ICO will be utilized for the development and marketing of the platform. The team working on the project is experienced in the fields of blockchain technology and web development.
Conclusion
Airbnb and Uber are the two of the prime examples of the modern sharing economy success. They have managed to connect millions of people through their application. They are providing a platform for the people to share their resources and earn on it. The decentralization of these platforms can be the only solution for solving these challenges.
Blockchain technology has already made significant changes in many other businesses. The future of the shared economy looks promising as many applications supporting it are launched in the market. The only way forward is the integration of the blockchain technology into the businesses. Are we ready for decentralized car rentals?

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