MUMBAI, India, Oct. 5 -- Intellectual Property India has published a patent application (202641115642 A) filed by R. M. K. College Of Engineering And Technology on September 27, 2026, for Blockrent: A Blockchain-Based Rental And Lease Management System.
Inventors include Anto Gracious L A; Shaik Mohammad Shareef; R Vignesh Reddy; and U Rushindra Kumar Reddy.
The application for the patent was published on October 02, 2026, under issue no. 40/2026.
Abstract: The present invention discloses a blockchain-based rental and lease management system that provides a secure, transparent, and automated platform for managing rental agreements between tenants and property owners. The system integrates tenant, owner, and administrator modules with blockchain technology to automate property listing, rental requests, digital agreement signing, payment processing, renewal, and contract termination. Agreement hashes, payment transactions, digital signatures, and contract lifecycle events are securely stored on the Ganache blockchain, ensuring immutability, transparency, traceability, and tamper-proof record management. The invention significantly reduces fraud, paperwork, disputes, and dependency on intermediaries while improving efficiency, trust, and security in property rental management.
Disclaimer: Curated by HT Syndication.
