RxEAL is a new blockchain solution for rental markets that provides a platform for safe security deposit storage. Using the opportunities offered by blockchain-based smart contract technology, RxEAL aims to reduce the high rate of disputes about security deposits that often arise at the end of a rental period. This is not a project that will disrupt rental markets, instead – RxEAL applies new technology to existing real world uses, adding value to service providers and their customers. Currently, the main focus of RxEAL is on real estate and automotive markets, but the solution can be applied to other rental
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RxEAL is a platform for secure rental deposit storage that utilizes blockchain technology to solve long-standing problems faced by rental markets. One of the most pressing challenges in rental transactions is the high rate of security deposit disputes – globally, almost half of all security deposits are subject to disputes. RxEAL aims to solve this problem by employing blockchain technology and smart contracts to improve rental security deposit storage and dispute resolution. Disclosure: This is a Sponsored Article The Problem The majority of security deposit disputes are raised on the basis that funds have not been returned or the amount
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RxEAL, a new platform for secure rental deposit storage on the Ethereum blockchain, is about to launch its token public presale. RxEAL aims to solve the problem of the growing number of security deposit disputes by providing a simple way to create smart contracts and offering decentralised dispute resolution. Currently, the company’s main focus is on real estate and automotive rental markets. Dmitrijs Orlovs, co-founder and the head of business strategy at RxEAL, answers a few questions about his upcoming ICO and the problems RxEAL plans to solve. Disclosure: This is a Sponsored Article Why is your main focus
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