Rently is a decentralized platform for landlords and tenants to manage rent payments and contracts securely.
Rently allows landlords to set rent details, including amounts, due dates, and penalties, while tenants can pay rent through blockchain-based smart contracts. It ensures transparency, security, and efficiency in rental transactions, eliminating manual processes and disputes. The platform utilizes Ethereum smart contracts to automate the rent payment process, ensuring timely payments and penalty enforcement.
During the hackathon, significant progress was made in developing the core features, including the ability to set rent amounts, due dates, and penalties, as well as facilitate rent payments through the blockchain. The project is now ready for further testing and deployment.