The ivault app registers and verifies items using our patented blockchain-based technology. This technology is critical to ivault, providing immutable time-stamped proof of ownership that’s impossible to hack or manipulate.
This opens the door to a genuine sharing economy, where users can rent, borrow or lend items within the ivault peer-to-peer community. The more they use the app – through sharing or selling, lending a hand in their community, or taking part in quizzes and games – the more they earn, in cash, reward points, or tokens.
The potential is enormous. Any individual can earn extra income from their belongings. Imagine renting your e-bike for a few weeks to help pay for it, testing a lawnmower before investing in one of your own, or simply borrowing those outdoor party lights for a once-a-year event?
Using ivault is inherently more sustainable than buying new. It bypasses today’s inflationary pressures and strengthens neighborliness – while helping to cut the carbon pressure that comes from manufacturing unnecessary “stuff”.
And with the spiraling cost of living, ivault is cheaper than buying new, too. Users pay a low publishing cost, not sky high transaction costs.
Trust principles are built into every transaction on ivault, thanks to the blockchain. The user has a private key, so they’re in control of their data. Unlike web 2.0, their information cannot be sold, and only they can access the items stored in their personal “vault”.
Every user is registered, so they’re genuinely who they claim to be. And we have all the features you’d expect of a marketplace and social platform, with the ability to leave feedback and ratings for users.
We use protocols, but our focus is on building trust through a community that cares about each other. That’s why ivault has neighborly features like community boards and a rewards system for helping each other out. It also encourages users to connect and share within their local area.
