The Rental Blockchain Explained

Reshaping the way we share and trust. How blockchain technology makes the age-old practice of lending and renting more secure, transparent, and efficient.

1. Upload Your Offer

With the ivault app, you can easily make some extra cash in an eco-friendly way. Simply add an item, choose some pictures, and post it to the ivault marketplace.

2. Receive Requests

Soon, someone will find your offer and send a request. Users can send a message and request a specific price and renting period. Then, the negotiation begins.

3. Seal The deal

You can discuss all the details directly through ivault’s private messenger. Once everything is clear and both of you agree, you hit “Accept” to make it official.

4. The Rental Contract

Now, blockchain technology provides the perfect basis for mutual trust between complete strangers:

As a fully unbiased and neutral contract-maker (as compared to a human being), it creates a timestamped record with the exact details you agreed upon. This contract cannot be changed or manipulated as it is stored on a distributed ledger.

5. Hand Over The Item

When the renter collects the item, our system logs the transition into the existing blockchain record and updates the item’s status, marking it as “borrowed.” And it always tracks in whose hands your item is.

6. Transparent Documentation

The record on the blockchain is a transparent documentation that is visible for both you and the renter:

The renter can prove you agreed to them renting your item. The blockchain always registers who are currently in control of your item. Thanks to KYC, our system always knows who’s the person with your item. And you can always prove that you are the actual owner.

7. The Final Transaction

As the return date approaches, both of you will be reminded to prepare for the item’s return. Once the item is back our system initiates the frictionless payment. Collect your rewards and keep it going!

💡 Our blockchain-based rental platform is designed as a preventive anti-theft system. No one can steal your rental property and you will always get your money.

So, what are you waiting for?

Download the ivault App today and join the new sharing economy!