Idea & token
The Rentberry ICO is a great example of an existing platform choosing to transform using blockchain-technologies. The platform, Rentberry, has been around since 2015. What it does is combine a plethora of long-term rental related functions in one place, allowing every step of the rental process to be done through it, both from the landlord’s side and from that of a tenant. Blockchain can be used for everything from recording agreements and ratings & reviews, to actually paying rent and utility bills.
As part of Rentberry’s “blockchain upgrade”, the BERRY tokens are released for use in the existing ecosystem. These tokens allow rent payments and third party services such as housekeeping or maintenance, it also allows multiple tenants to split the rent between them. Although Rentberry’s current audience is primarily USA, raised funds will be directed into subsequent development, including an international expansion of the platform.
CEO Alex Lubinsky brings experience from companies such as Cisco (where he worked as a financial analyst), Deloitte (consultant) as well as several investment firms. The project’s CTO Aleksey Perfilov holds primarily IT knowledge, having a degree in Management Science and Engineering from Stanford. He has worked as a software engineer at Phoenix Technologies, Hi5, Altera and Amazon Music.
This project is largely attractive due to the fact that blockchain truly does turn out massively useful to this platform’s growth and progress. As Rentberry develops, getting a blockchain upgrade can encourage international property owners to manage their property from any part of the world. Rentberry brings all functions to one place, while also cutting down the number of necessary middlemen and third parties. We can only support Rentberry’s decision to implement blockchain technologies into their service!