WCT's Deposit and Usage Record Management in the Outdoor Equipment Rental Industry
In the outdoor equipment rental sector, issues such as high deposits occupying user funds and difficulties in determining liability for equipment damage are prominent. WCT replaces traditional deposits, allowing users to pledge WCT of equivalent value to rent equipment. Wear and tear records during usage are recorded on-chain in real time, and upon return, loss costs are calculated based on on-chain records, with the remaining WCT refunded instantly. After a certain outdoor equipment rental platform adopted WCT, deposit disputes decreased by 90%, user rental willingness increased by 50%, and equipment recycling rate improved by 40%, making outdoor adventures easier.