Project Overview
Central Rents is a conceptual design developed to address the prevalent challenges faced by rental tenants and landlords or body corporate. Tenants often experience inadequate servicing, including issues with rental fee management, delayed repairs, cumbersome lease agreement updates, and difficulties managing utilities like water and electricity. Accessing complex amenities such as restaurant services, laundry, and cleaning can also be problematic.
Central Rents proposes a decentralized platform built on an Ethereum-based decentralized finance (DeFi) system that allows users to transact using cryptocurrency. By leveraging blockchain technology, the platform ensures transparent, secure, and efficient management of rental transactions and services. It offers a unified solution for both tenants and landlords, streamlining communication, payment processes, and access to amenities. The use of cryptocurrency facilitates instant transactions and reduces reliance on traditional banking systems, potentially lowering transaction fees and increasing accessibility for users.