Smart Contract functionality gives Tenants and Landlords a portal to interact with each other remotely but in a more verifiable manner. Smart contracts, in this case, can handle transactions like rent, bills, and security deposits. This makes the agreements clearer, as the conditions surrounding these are recorded on the blockchain ledger.
- Run autonomously with 100% transparency using Smart Contract and transparency
- Data must be stored on the Blockchain: Sensitive & Immutable Data like transactions, identities, reviews, core property information.
- Use Cryptographic Token for access, network supports & contributions
--> Fees, No Control, Trust, Loyalty: No intermediaries taking fees & commissions; Control & rewards will be given back to the network supporters (Owners & Guests).
- Paying for bookings & deposits – direct to the host’s wallet
- Rewarding Guests for making bookings (loyalty points)
- Rewarding Guests & Hosts to leave reviews
- Rewarding Hosts for getting good reviews
- Rewarding Hosts for creating good property profiles
- Rewarding network supporters for maintaining the system