EN

RikoRent

Scope of works
Blockchain platform for renting machinery and production equipment among business partners.
Area
Information technology
Other
Year
2023

Noteworthy

The project's objective is the development of a platform that, utilizing modern solutions and blockchain technology, digitizes the process of renting machinery posted by registered users on the platform. The system proves particularly beneficial in leasing larger equipment, where the added value of security in renting outweighs the costs of recording on the blockchain platform.

The platform's uniqueness lies in a novel business model based on the actual usage of rented assets (pay per use). This model is facilitated by an innovative solution architecture grounded in the blockchain platform, where data related to device usage is immutably recorded. Such recording ensures a secure, transparent, and unalterable record, establishing a trust system between the tenant and the user, thereby enabling seamless invoicing for rental services.