Please describe your proposed solution
We perceive the problem as a lack of a global, decentralized platform where individuals can easily rent out their unused physical storage space and others can find nearby storage solutions. Traditional storage services are often costly, inefficient, inconvenient, and centralized, which limits transparency and access.
We approach this by following the proven models of Airbnb and Uber, where users provide resources (in this case, storage space) to others in a peer-to-peer network. By leveraging smart contracts on Cardano, we ensure trust, transparency, and lower transaction costs. This decentralized approach removes the need for a central authority, which typically increases costs and limits flexibility.
Our project will engage people who have excess storage space, such as homeowners or businesses, and those who need temporary or affordable storage solutions. This creates an economic opportunity for storage providers and gives renters more affordable and accessible storage options.
We will measure our impact through platform adoption metrics such as the number of registered users, the volume of storage space rented, transaction frequency, and user satisfaction. This data will show how the platform addresses issues of high storage costs and limited availability.
Our solution is unique because it applies the decentralized, peer-to-peer model to the physical storage industry, a field traditionally dominated by centralized corporations. Those who will benefit are individuals needing temporary or affordable storage and those with extra space they can rent out. This project is important to Cardano as it showcases a practical real-world use case for decentralized applications, demonstrating the power of blockchain for secure, transparent, and scalable solutions in industries beyond finance.