The problem Quick Ride - Vehicle Leasing solves

We took into consideration the problems faced by current car leasing applications in India and attempted to solve them through a Blockchain-based app. The process of renting a car is highly centralized, where the car rental company being the main point
of contact for the driver to rent cars. Car rental companies need to maintain a fleet of cars, as well as car stations and staff to efficiently run their operations, which makes up for bulk of their operating costs. Car rental companies cover these costs from (high) rental rates charged to their customers.

Our application solves these problems and in conclusion, it is-

• Secure, Scalable, Simple and saves time
• Charges a relatively lesser fee. ( Our business model aims to get revenue through the
  gas of each transaction).
• Enforces accountability by taking an upfront fee
• Doesn’t require an intermediary and is decentralized.
• Gives user ratings which reflect upon the credibility of a user

Challenges I ran into

The notion that Blockchain is risky is a huge hurdle to get through in order to get our product to the market.