RentChain: A Blockchain-Based Property Rental Management System

Objective:

To develop a decentralized platform that streamlines property rentals by automating contracts, ensuring transparency, and reducing fraud through blockchain technology.

Key Features:

Smart Rental Agreements: Digitally signed, self-executing contracts.

Tenant & Landlord Profiles: Verified identities and reputation system.

Secure Payment System: Rent payments via cryptocurrency or tokenized assets.

Automated Dispute Resolution: Predefined conditions handled by smart contracts.

Booking & Listing System: Owners can list properties; renters can search and book.

Immutable Records: All rental history stored on-chain.

Technologies Used:

Blockchain (Ethereum, Polygon): To store and manage transactions.

Smart Contracts (Solidity): Automates agreements and payments.

Web3.js / Ethers.js: Connects the frontend to the blockchain.

React.js / Angular: For frontend interface.

Node.js / Express: Backend server logic and API handling.

IPFS / Filecoin: For decentralized storage of property documents and images.

Wallet Integration (MetaMask, WalletConnect): For secure login and payments.

How It Works:

Registration & Verification: Landlords and tenants create accounts and verify identity.

Property Listing: Landlords list properties with rent terms and deposit requirements.

Smart Contract Creation: Once a tenant applies and is approved, a smart contract is deployed.

Rental Period: Rent is paid automatically through the contract at intervals.

Review & Ratings: After contract completion, both parties can rate each other.

Dispute Handling: Disputes are settled by predefined rules or external arbitration via smart contracts.

Benefits:

Transparency: All agreements and payments are recorded on the blockchain.

Security: Reduces fraud and tampering of contracts or rental terms.

Automation: Reduces need for intermediaries like agents.

Cost-Effective: Minimizes transaction fees and legal overhead.

Trust-Building: Verified reviews and transparent history improve reliability.