Ishwar Acharya – Bitsrent News

Journey of Bitsrent

Ishwar Acharya — Tue, 02 Jul 2019 04:33:31 +0000

Bitsrent is newly created company with USA roots, headquartered in Costa Rica. Bitsrent token, core token of the Bitsrent Limitada, is created to ease the renting process and now emerging as one of the potentially grown fuel token. As the researchers at Bitsrent are on this for more than a year now, they came up with the new idea to implement the token payment and will give the discount for those who pay for the travel with the token. Since the crypto market is world wide, the idea obviously always had a huge potential. The bitsrent token is ERC-20 based on ethereum blockchain. At recent, bitsrent is thinking globally and has been collaborating with different international team to tie up.
Bitsrent is probably the first smart contract platform which is global and powered by ethereum network. The main aim of the bitsrent is to ensure the earnings of the drivers with the simultaneous lowering costs for our riders. The bitsrent team is committed to provide the different options for accepting payment for the users. Using bitsrent will allow users to exchange their cypto tokens to other preferred crypto currencies of their convenience and availability. The mission of the team at bitsrent is to make sure of low cost of communication at global stage with easy recipient services through bitsrent token and Blockchain Technology. For this purpose the team has been developing the highly efficient and effective database for storing and executing information. Summing up our aim is to provide on-time, safe and convenient ride sharing services leveraging the booming blockchain technology.

Bitsrent will function as a platform where BTR works as fuel.

Ishwar Acharya — Wed, 08 May 2019 23:52:37 +0000

Bitsrent is a frictionless peer-to-peer ECR20 token providing the consumers with the revolutionary platform to pay the incentives in digitized fashion for the benefit of all. Users can flexibly pay based on their respective needs in no time with our user friendly and secure interface.
We decided to build bitsrent not only because leasing tokens is a vital function for the health of the Bitsrent ecosystem, but it’s also squarely aligned with the values that bring many of us together to build decentralized networks. Also it overcomes the tiresome paper-based transaction to the new era of blockchain network.Simply put, Bitsrent facilitates peer-to-peer transactions to empower individuals to use their assets without a middle man influencing the process or taking a cut.
Bitsrent is being deployed with highly functional and responsive interface for the better experience of the user. Using bitsrent is really simple and easy. When you need to pay for any renting and leasing services, you just need to authenticate the transaction.
We are making Bitsrent grow as the Ride Sharing token creating the new incentives for both the drivers and ride sharing clients. It is important to ensure that we might not be the one and only way to dissect the problem but we have been working hard to create the platform that would deliver a lot of immediate practical advantages to our community.
Unlike Uber and other ride sharing application, we want to make clear that we are the platform of payment for those type of application along with the ride sharing facility. Our ecosystem will not constrain the drivers where they perform the ride. Any person with the perspective entrepreneurial spirit can use our Dapp and cover up some parking expenses and gas.
We are aware that the industry of cab and leasing is not a easy cup of tea and many practical concerns may arise. We are always aware with our domain expert to find the specific and exact solution to each of the matter. We want to provide the hassle-less environment for the service provider and consumer and knit them closer by letting them interact and get things done quickly. We also invite the inquisitive minds to explore the various powers of peer-to-peer ride sharing economy and how these powers can be amplified by using and cooperating with the bitsrent community.

The Roadmap of Bitsrent

Ishwar Acharya — Thu, 13 Sep 2018 10:25:25 +0000

2016

November to February

While tackling a rental problem, the pitfalls and drawbacks of the rental and leasing industries were
realized. Thus, the Bitsrent owners spent significant time to come up with a solution. With the world
moving towards decentralization and Blockchain, the owners finally found an inspiration. Hence, the
idea for decentralizing the traditional rental and leasing industry was conceived.
Subsequently, thorough research followed where the owners visited several cities around the world to
get a holistic view of the global industry. After understanding all the issues and problems, initial
development began.

2017

February to October

Market research and a proposed solution was not enough. It was soon realized that the project needed
a team that boasted of the most esteemed and talented research, IT, marketing, management, and
financial professionals who can utilize their years of experience and knowledge to revitalize the out-
dated rental and leasing industry.
After the compilation of a successful team, the software development department came up with a
complete architecture for the platform.
Subsequently, presentations and proposals were designed as part of a marketing strategy for the
project’s acquisition to potential investors.

2018

March to June

By mid-2018, the BTR Phase 1 was completed. The development team came up with its own
Blockchain called Orbit Blockchain.

August to September

With confidence from the project’s initial development as well as backing from investors, the
team participated heavily into Blockchain conferences including the Blockchain Meetup in India
and USA.
Subsequently, meetings were arranged with the managements of various cryptocurrency
exchanges. The purpose of these meetings was to list the BTR token for the public.

September to October

After a series of successful meetings, cryptocurrency exchanges like KuCoin and HITBTC agreed
to list the tokens.
It was announced that the platform would participate in Blockchain exhibitions and visit a
number of cities in the USA for project marketing and discussions with industry’s heavy-weights.
The marketing campaign of the mobile application (iOS and Android) is also expected during
these months.

October to November

Meetings are scheduled with other popular cryptocurrency exchanges for the token listing.
The team is expected to make an appearance in the Blockchain expert meet-up and seminar.

2019

December to January

The application for the platform is expected to be available on Android and iOS app stores by the
beginning of 2019.

February to March

The first quarter of 2019 will be focused on receiving input and feedback of the industry’s experts
so if there are any flaws, they can be rectified and future development can be improved.
The project will further expand by its listing on major cryptocurrency exchanges.

March to April.

The P&M campaign is expected to be launched from North America.
The technical implementation of the project is expected to be completed.

May to June

The development team will integrate the BTR application with additional features and
functionalities.
After North America, Europe will be the next destination for P&M campaign.

August to September

The team will be involved in the P&M campaign in New Zealand and Australia.

October to November

The last P&M development will be initiated in Asia.

2020

January to February

Work will be done to strengthen the BTR Management Device System and enhance its quality.
Partnerships will be sought with various industry brands for acquisition purposes.

March to April

Phase 2 of BTR will be initiated and the technical development will commence.

July to August

The project will be finally implemented on a global scale with the approval of rental and leasing
businesses.

Challenges in Rental and Leasing Industry and How Bitsrent Is Successful to Overcome These Challenges

Ishwar Acharya — Thu, 13 Sep 2018 06:56:38 +0000

Bitsrent is a rental and leasing next generation token that aims to solve certain problems and provides
effective solutions to modernize the global rental and leasing industry. These problems and their proposed
solutions are the following.

Problem #1: Transparency

The traditional rental and leasing industry is based on a centralized model where business practices are
either dependent on the pen and paper model or out-dated rental management systems. In either case,
fraudulent activities plague the industry, and it is difficult to trace the actual owner of a property.
Similarly, often the stakeholders struggle with negotiations and agreements because there is no system
that can identify the truthfulness of either party.

Solution

Bitsrent truly adopts decentralization through its Orbit Blockchain and Ethereum Network. All the rental
and leasing agreements, details of the parties, payment information, and other relevant information is
stored on the Blockchain while smart contracts ensure proper compliance of terms and conditions. Hence,
Bitsrent achieves maximum transparency where fraudulent activities and misunderstandings are instantly
reduced and provides a platform that can truly accommodate the global rental and leasing stakeholders.

Problem #2: Inaccuracy with Customer Records and Billings

Sometimes, customer records are lost in a natural disaster, like a storm or fire. As a result, crucial
agreements and ownership documents are lost. Similarly, records are not managed properly and updating
consumes significant time. Additionally, the charges and payment figures are also a huge reason behind
quarrels and fights between landlords and tenants.

Solution

Bitsrent comes with a Blockchain that can ensure trustable storage and processing of customer data. Data
will be continuously updated with each transaction, and Blockchain’s immutability will dismantle any
doubts regarding the authenticity of the data. Similarly, due to Ethereum’s smart contracts, customers will
be charged accurately without any possibility of additional or inaccurate fees.

Problem #3: Privacy of Customer Information

In the traditional rental and leasing industry, often personal information, like the address of a resident, can
be misused. Often paper documentation is accessed and stolen easily and crimes like identity thefts can
occur as a result. Similarly, in online rental management systems, DDoS attacks, ransomware attacks, and
other cyber attacks continuously lurk, resulting in data breaches and data loss.

Solution

All the private, personal, and financial information of landlords and tenants is now stored in the Orbit
Blockchain. Orbit Blockchain’s security protocols ensure the protection of data against any cyberattack or
theft.

Problem #4: Slow and Expensive Fees

Rental and leasing agreements often incur significant charges whether you have to pay to the bank or
engage with a centralized service. Likewise, despite these heavy charges, they are unable to process
payments quickly. As a result, valuable time is lost and a potential business may receive significant losses
due to their inability to relocate in an office space in due time.

Solution

Bistrent promises negligible fees. Whether a tenant has to pay monthly rent to the landlord or an
individual needs to rent a car on an urgent-basis, immediate processing of payments is provided with
extremely low fees. Therefore, along with trustable transactions, Bitsrent also ensures quick and
inexpensive transactions.

Bitsrent (BTR) Revolutionizes Everyday Rental & Leasing Experience Using Blockchain Technology

Ishwar Acharya — Mon, 27 Aug 2018 10:05:22 +0000

The Blockchain technology has reinvented industries, government institutions and even basic routine
tasks like grocery shopping. It has applications in a wide range of industries that include finance,
banking, supply chain industry, and automotive, as more and more sectors have been adopting the
Blockchain platform.
Recently, a new Blockchain-powered platform, Bitsrent has emerged as a game-changer in the rental
and leasing industry.

The Problem
Traditionally, home and business owners undergo a great deal of difficulty dealing with their properties
due to the complex rental policies and leasing agreements. Often the lack of transparency leads to
problems for both the tenants and landlords. Sometimes, a party engages in fraudulent practices by
tampering with the property documents and gets away undetected and unpunished.
Often these issues lead to legal cases, and what may seem like a small misunderstanding culminates into
damages of greater proportions for all the stakeholders involved.

The Answer
So the question that arises from the above-mentioned predicament is how is it possible to increase
transparency in the rental and leasing industry?
Well, the answer lies with Blockchain technology which can be used by a trustworthy cryptocurrency
platform to ease the daily worries of all the stakeholders involved in the rental and leasing industry. This
application is provided by the Bitsrent.
Bitsrent has used the transparency of the Blockchain to ensure valid and reliable transactions. Since,
Blockchain is immutable; hence it is not possible to tamper with its data.
Bitsrent helps by:
Decentralization – Unlike other tokens, Bitsrent does not use the term ‘decentralization’ half-
heartedly. Instead, its own premise of facilitating users depends on the decentralization of the
rental and leasing processes and preventing its users’ loss of time and money from the
traditional centralized authorities.

i) Smart Contracts – Bitsrent uses the most popular feature of Ethereum known as Smart Contracts
in tandem with the Blockchain to maximize its potential. With Smart Contracts, leasing
agreements can be improved greatly as Smart Contracts run independently and executes tasks
based on terms and conditions that are agreed upon by both the parties.
ii) Negotiation – This means that clients will not have to meet their landlords and real estate agents
face-to-face and can easily use Bitsrent’s platform to negotiate a fair price for the rent.
iii) Global Reach – Whether you are moving abroad for your studies or you want to expand your
business, you do not need to indulge yourself in the complexities of the traditional rental
procedures and can be equipped with a global tool through the Bitsrent platform. Bitsrent helps
clients pay from anywhere at any time.
iv) Automation – Standard and mundane activities and tasks that are required in the leasing
industry expect individuals to travel a great deal for the provision simple details regarding their
personal, residential and financial matters. Bitsrent aims to rescue individuals from these time-
consuming activities and helps automate the submission of these details easily through its
platform.

Final Thoughts
Bitsrent is not the first cryptocurrency in the real estate industry, nor will it be the last. However, its
applications and execution so far seem promising. With the support of strong partners like Uber, Hertz
as well as a vastly experienced team behind its back, Bitsrent has the potential to change the rental and
leasing processes for the better. The official pre-ICO of the token is expected to be launched in
September 2018.

Rental and Leasing Industry’s Research & How Bitsrent Proves Its Service’s Worth

Ishwar Acharya — Mon, 27 Aug 2018 09:49:13 +0000

The global real estate industry is flourishing rapidly. According to research, 2017 saw the global office
leasing industry grow and reaching a new apex. The research noticed that the industry received its
highest leased volume in the last 10 years as more than 11 million square meters of office spaces were
leased. For 2017 alone, the volumes touched 40.7 million square meters, which was an improvement
over 2016 by 4 percent.
For offices, the rents increased by 4 percent in 2017, twice as much as the research predicted in the
early 2017. For residential homes, the report observed that the fresh supply exceeded the demand.
Rental growth was seen to be decreasing year-wise but an increase was recorded in the national
vacancy figures.
The report opined that the rental and leasing industry is expected to perform well in 2018, especially for
commercial markets. However, the global rental and leasing markets cannot yield maximum results
without the introduction of Blockchain in the scene.
Traditional business processes are slowing the progress in the industry as many hurdles discourage the
investment in the industry. With the transparency of Blockchain and through the emergence of Bitsrent,
investors, realtors and the common man can now rely on a service that is posed to deliver fair
transactions for the stakeholders from any location in the world.

How Bitsrent Proves Its Service?

The team at Bitsrent realizes the limitations of the current rental and leasing industry. Thus, Bitsrent has
been developed with the objective to modernize the leasing industry and transform it into a futuristic
solution where anyone can partake easily without any hurdles.
Bitsrent is decentralized. Decentralized platforms and applications are the key component of the
Blockchain technology. Decentralized means that no central authority (like banks) can serve as a
middleman and the industry will be supported and backed by its real community consisting of realtors,
investors, potential buyers and other relevant stakeholders. Through the backing of the community,
Bitsrent can flourish and advance by incorporating the best practices and features into its platform.
Thus, the client satisfaction can be expected to reach previously unforeseen heights.
Interestingly, Bitsrent has not only utilized the best of the Blockchain, the platform has also integrated
Ethereum’s Smart Contracts in order to make the best of the widely popular and reliable Ethereum
Network. Bitsrent token can act as a currency, share, rewarding mechanism as well as a token for proof
of the ownership for a commercial or resident property.

Additionally, before its crowd sale, the project has finished exemplary work. After the ICO launch in
September, the token is expected to be listed on international exchanges like KuCoin. The much-awaited
application for Android and iOS is expected to be launched on the Android and iOS app stores by the
year’s end. With the arrival of 2019, Bitsrent aspires to achieve bigger goals with the listing of its token
on a greater number of exchanges with March and April being highly important for the platform. The
Blockchain-powered platform has finalized these months for the technical implementation of Bitsrent.

How Does Blockchain Technology Change the World and Bitsrent Aims to Digitize Rental & Leasing Business

Ishwar Acharya — Mon, 27 Aug 2018 08:41:06 +0000

In the 1990s, an organization had to face issues with the tampering of its documents. To combat the situation, the management came up with the idea of a technology where data could be stored with the help of ‘blocks’. These blocks were linked together and hence were given the name ‘Blockchain’. The data records on this technology were immutable which meant they could not be modified by any third party. Using this secure technology, the organization was able to solve its pressing conundrum.

However, the technology was forgotten over the last two decades until Satoshi Nakamoto utilized it to power the first cryptocurrency of the world, Bitcoin. As a result, other cryptocurrency projects were unleashed that continued to center their platform on the foundations of the Blockchain network. This ensured trustworthy, quick, affordable and reliable transactions.

Today, the world is rampant with trust issues. In order to conduct even a simple transaction like purchasing a grocery item, customers cannot verify the manufacturing data of the product or get their hands on the relevant details by tracking the product from its manufacturing to the retail sector.

These problems can be countered through Blockchain. In Blockchain, there is no central authority or business that controls or owns the system. The system runs on the back of several computers that form the backbone of the system. Additionally, it is distributed in such a way that a single or a group of computers cannot take control of the system. Moreover, Blockchain uses cryptographic algorithms for the encryption and protection of the data so any malicious third party cannot exploit the contents of the network.

How Bitsrent Uses Blockchain to Deliver a Digitized Solution for Rental and Leasing Businesses ?

Bitsrent has realized that the rental and leasing industry is filled with uncertainty. Like other traditional industries, the lack of trust factor has made it difficult for the tenants, renters and other stakeholders in the industry to engage in secure transactions.

However, with the arrival of the Bitsrent platform, stakeholders are offered a digitized solution that can make their processes quicker and remove any chances of fraudulent transactions and activities. Bitsrent provides transparency in the rental and leasing processes with Blockchain and Ethereum’s network. Customers can formulate their leasing agreements on Smart Contracts, which can help to initiate and terminate a lease after the agreed period of time.

For instance, a retailer requires a space for 12 months. The retailer will create conditions along with the owner and the conditions will be recorded on the Smart Contract. Afterwards, the Smart Contracts will ensure that both the owner and the retailer are observing the agreed terms and reprimand them accordingly. After the end of 12 months, the Smart Contract will terminate the lease and both the involved parties will have easily met their goals without any disturbance.