M5 Rental Platform

M5 Rental Platform is a decentralized application (dApp) for renting items, with a focus on snowboard rentals. It utilizes smart contracts on the Ethereum blockchain to facilitate secure and transparent rental transactions.

Smart Contract

The smart contract component of the M5 Rental Platform consists of two main contracts:

1. M5RentalContractFactory: This contract is responsible for creating individual rental contracts for each item listed on the platform.

2. M5RentalContract: This contract manages the rental process for a specific item, including renting, returning, and handling payments.

Rental Process Flow

The following sequence diagram illustrates the snowboard rental process:

[Insert the sequence diagram here]

Frontend

The frontend of the M5 Rental Platform is built using Next.js, providing a user-friendly interface for interacting with the smart contracts. Key features include:

• Listing items for rent
• Browsing available rental items
• Initiating and managing rental transactions
• Handling payments and collateral

Snowboard Rental Process

Verifier (Future Implementation)

The Verifier is a crucial component of our decentralized ecosystem, designed to enhance trust and security within the M5 Rental Platform. It's a WebAssembly (WASM) project that runs on Layer, marking one of the first steps towards a fully decentralized solution.

Key features of the Verifier:

• Utilizes the Lay3rLabs / avs-toolkit CLI for development and deployment
• Implements email-based user verification in a decentralized manner
• Generates a social score for users, enhancing platform security
• Runs as a WASM module on Layer, ensuring efficient and secure execution
• Integrates seamlessly with the rental process for enhanced user trust

The Verifier represents a significant advancement in our decentralized architecture. By leveraging WASM technology and the Layer infrastructure, we're able to perform complex verification tasks off-chain while maintaining the security and transparency benefits of blockchain technology.

Future developments will focus on expanding the Verifier's capabilities, potentially including:

• Integration with decentralized identity solutions
• Enhanced fraud detection algorithms
• Cross-platform reputation systems

As we continue to develop the Verifier, we're moving closer to our goal of a fully decentralized, secure, and efficient rental platform.