Blockchain based rental markets
- ICO start: 12. Mar 2018
- ICO end: 11. May 2018
Technology: Ethereum blockchain
RxEAL ICO Short Review
RxEAL is a platform for trustless and safe security deposit storage on the Ethereum blockchain providing a decentralized dispute resolution with the main focus on real estate and automotive rental markets valued hundreds of billions USD combined. RxEAL will also be available for other industries that demand trustless fund storage and fair dispute resolution. RxEAL is a solution for eliminating a growing number of fraud cases in rental transactions associated with unfair withholding of funds from the security deposit at the end of the rental agreement by providing an interface to engage in these activities using smart contracts requiring no technical knowledge. Not only does RxEAL solve the aforementioned problem, it also provides much faster deposit return rates and cost effectiveness compared to current off-chain solutions.