Problems:
Intermediaries between the guest and the host due to which the price is high, many different hidden commissions, and the opacity of interaction and calculations. Poor scalability and the focus of centralized companies on their interests.
Solution:
To resolve the issues, we have transformed the traditional car rental business process and implemented blockchain technology on the Rentality platform, which ensured transparency of interactions and calculations, a lower price for the guest, and more earnings for the host.
Our solution provides dynamic scalability and makes the community the owner of their goals and benefits.
The most challenging aspect of this project is correctly transforming the car rental business processes from web2 to web3. This is highly relevant to our experience. Therefore, we believe that we will successfully develop this platform, as evidenced by the prototype already published on rentality.xyz.
We aim to take a step forward and create a car rental service that combines decentralization, artificial intelligence, and the Internet of Things. It is important that it is not copying the car rental service from web2 but the transformation of all business processes into new ones that can be used to transform other traditional businesses into web3. The web3 community lacks quality services, which are usual for web2. Rentality is a project from the direction of RWA (Real World Assets), which offers car rental and tokenization services. At web2, we are a golden partner of SAP (a German company that developed SAP ERP, enterprise resource management, and business process transformation used by leading global companies). Our experience allows us to build a new trend in web3 - the transformation of RWS (Real Word Services) services, which will later become a benchmark for the entire web3 direction. The entire web3 community gets access to the convenient services they are used to using web2, thereby bringing web3 closer to mass adoption.
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