Current frustrating situation:
When moving out, landlords always find various reasons to withhold your deposit—"there are scratches on the wall" "the light bulb is broken"... In the end, getting back 1000 out of 3000 yuan is already good!
How does @OpenledgerHQ solve this?
Take photos of the room and put them on the blockchain
Use the @OpenledgerHQ App to take pictures of every corner of the room, and the photos are directly stored on the blockchain. When moving out, compare the records on the chain; if the landlord wants to cheat? No way!
Smart contracts automatically refund the deposit
On the day the contract expires, as long as there are no significant damages, the deposit is automatically refunded to your wallet. A tenant in Shanghai tried this, and it arrived in 3 minutes!
Real benefits:
✔️ Greedy landlords can no longer find excuses
✔️ Disputes reduced by 90% (because the evidence is solid)
✔️ Some tenants have reclaimed 2000 yuan that was wrongfully deducted based on chain records
How else can it be used in the future?
Rent can be automatically paid monthly, no need to urge landlords for invoices
When subletting, the transfer can be done directly on the chain, and intermediaries can no longer make easy money
#OpenledgerHQ #Cookie @KaitoAI
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