Truecontract

Over het initiatief / About the initiative

Truecontract

In welke fase zit jouw initiatief? / In what stage is your initiative?

Startupfase

Heb je jouw initiatief al gevalideerd? / Did you validate your initiative?

Yes

Meer informatie over jouw initiatief / More info about your initiative

Truecontract is a Web3 platform for executing legally binding rental and service agreements, enhanced by third-party financial guarantees (including non-bank institutions) to ensure timely payment—such as through factoring. The platform targets the C2C and B2C segments in real estate rental, car rental, and household services (e.g., nannies, technicians, etc.). The platform’s core objective is to provide a convenient, secure, and transparent mechanism for deal-making with automatic guarantees for fulfilling financial obligations.

The key value proposition of Truecontract includes:

• Full automation and transparency of contract creation and execution processes.
• Minimization of fraud and non-payment risks through automated payment management via smart contracts.
• The ability for any entity to act as a financial guarantor in a transaction, without relying on the banking system.
• High legal validity of transactions ensured by digital signatures and full transparency on the blockchain.

Target Audience and Markets

Truecontract is aimed at broad C2C (consumer-to-consumer) and B2C (business-to-consumer) segments, including:

• Residential and real estate rentals.
• Car and other vehicle rentals.
• Personal services (nannies, tutors, repair professionals, etc.).

The European market has been selected as the initial launch territory, as it currently features high fragmentation and insufficient transaction transparency. Additional high-potential regions include the United States and Asia, where there is a similar demand for secure and reliable digital transactions.

Wat is er anders/nieuw aan jouw idee/oplossing t.o.v. bestaande oplossingen? / What is different/new about your idea/solution compared to existing solutions??

A competitive analysis has shown that current market solutions are either limited to specific verticals (e.g., housing rental only) or rely on centralized financial intermediaries (banks, insurance companies). Examples of such competitors include platforms like Nash21 (Spain), REZI and Rentberry (USA), Unkle (France), and Averspace (Singapore).

Truecontract significantly differentiates itself from the competition through:

• The use of decentralized financial solutions (DeFi), eliminating dependence on traditional banking infrastructure.
• The inclusion of any third party as a financial guarantor, capable of providing advance payments or guarantees of timely payments.
• A unified platform supporting multiple types of transactions, enabling scalability and network effects.

Unique Competitive Advantages of Truecontract

Complete Independence from Banking Infrastructure

As a native Web3 platform, Truecontract enables transactions in digital currencies (including stablecoins) and stores all agreements directly on the blockchain. This eliminates traditional banking fees, delays, and geographic limitations. Inspired by platforms like Rentberry, which bypass banking for deposits, Truecontract extends this model further: all transactions—rent, deposits, guarantees—can flow through a smart contract acting as an autonomous escrow.

Truecontract does not rely on banks for processing or guarantees, making it particularly valuable in international contexts (e.g., cross-border rentals, foreign tenants, or service payments between jurisdictions). This structural advantage positions Truecontract as a scalable, borderless infrastructure play.

Decentralized Payment Guarantee Mechanism

The platform’s standout feature is its open participation design: any third party—a factoring company, an investment fund, or even a community-backed liquidity pool—can act as a financial guarantor. Unlike competitors such as Nash21 (which relies on its own fund) or Unkle (which uses insurance partners), Truecontract allows the creation of a marketplace for guarantees.

Here, third parties can offer to underwrite a contract (fully or partially) in exchange for compensation (e.g., a premium or a discount). The smart contract coordinates the payment flows: guarantor receives a premium, service provider or landlord gets upfront payment, and the client benefits from pay-later convenience. This expands liquidity by inviting any investor to back trusted contracts—making it a hybrid between fintech, DeFi, and a B2C marketplace.

The principle is somewhat echoed in Rentberry’s crowd-backed deposit model, but Truecontract applies it across the entire contract lifecycle, turning each agreement into a financial asset. This vision aligns with emerging trends in Real World Assets (RWA) on-chain.

Comprehensive Scope Across Multiple Segments

Truecontract is not limited to real estate. It is designed to support rental contracts for housing, mobility (e.g., vehicles), and household/professional services—all on a unified platform. Typically, these are siloed: PropTech for real estate, AutoTech for cars, task platforms like Upwork for services. Truecontract bridges them with a single smart contract infrastructure.

Legally binding contracts are secured via cryptographic signatures and compliant with emerging regulations. The EU’s 2023/2854 Data Act, for example, recognizes smart contracts and mandates secure design features. Truecontract is built with these legal standards in mind, while many competitors remain nationally focused or legally fragmented.

This allows for cross-service and cross-border network effects: a user renting an apartment today might lease a car tomorrow or hire a plumber next week—all within the same trust-enabled ecosystem.

Transparency and Automation That Builds Trust

Truecontract’s blockchain core ensures every contract term, payment schedule, and security deposit is open, immutable, and tamper-proof. As seen with Averspace in Singapore, blockchain contracts reduce disputes and fraud risk by requiring mutual consent for changes and logging every transaction.

Moreover, payment automation via smart contracts ensures no delays. Like Chaintech Network, which automatically transfers rent on due dates, Truecontract ensures timely payments by design. With added financial guarantees, the risk of non-payment is eliminated for providers, making this platform uniquely trust-centric. This “code-as-trust” paradigm is something traditional platforms cannot offer at scale.

Regulatory Readiness and Standardization Potential

Operating in the EU, Truecontract benefits from a progressive legal environment. With laws like the EU Data Act 2023, smart contracts now require formal standards (including mandatory “kill switch” safety features). This means Truecontract can be first to market with fully compliant, legally enforceable smart agreements across multiple EU countries.

By contrast, legacy platforms may require retrofitting to meet evolving standards. Truecontract’s architecture anticipates these needs from the start—giving it a first-mover advantage in legal Web3 infrastructure.

A Distinctive Web3 Infrastructure Layer

Truecontract integrates marketplace logic, decentralized finance, and smart contract governance into a single cohesive platform. It stands apart from narrow, monolithic solutions by:

• Eliminating bank dependency
• Opening a new liquidity market for financial guarantors
• Applying blockchain only where it directly improves UX and reduces risk
• Delivering legally compliant automation across verticals

This makes Truecontract not just a product—but a Web3-native transaction layer for the rental and service economy.

Wat zijn jouw volgende stappen om het verder te ontwikkelen? / What are your next steps to develop the initiative?

Development of the version 1 (ext. MVP) product will incorporate the following modern technologies:

• Ethereum or compatible Layer 2 networks (such as Polygon and zkSync) to ensure scalability, lower transaction fees, and robust decentralization.

• IPFS/Filecoin for reliable, transparent, and decentralized document storage and retrieval.

• Decentralized Identifiers (DIDs) and Multi-Factor Authentication (MFA) to safeguard user identities and secure all data and transactions.

• Artificial Intelligence tools (including OpenAI and LangChain) for intelligent contract validation and detection of potentially contentious or risky clauses.

Efforts will also focus on attracting early participants and users from all stakeholder groups, ensuring active engagement from developers, legal experts, clients, and ecosystem partners.

Phase 1: Preparation (Months 1–3)

• Market and legal analysis (EU-focused)
• MVP development: core Web3 platform
• Initial partner talks (guarantors, DeFi platforms)

Phase 2: MVP Launch & Pilot (Months 4–6)

• Smart contract testing with early users
• Pilot rental contracts in 1–2 EU countries
• Feedback loop: UX/UI improvements and bug fixes

Phase 3: Marketing & User Acquisition (Months 7–12)

• Digital marketing campaigns
• Integration with listing sites and marketplaces
• Expand guarantor network (banks, DeFi, factoring)
• Reach breakeven (~10,000 active users)

Phase 4: EU Scaling (Months 13–24)

• Full launch in key markets (Spain, Germany, France, Italy)
• Localized legal and financial compliance
• Premium subscriptions and advanced B2B services

Wat heb je nodig om (nog meer) impact te maken met dit initiatief? / What do you need to make (more) impact with this initiative?

We are building not just a product, but the legal and financial backbone of a new trust economy. To scale that vision, we need partners, proof points, and capital to lead the market before it catches up.

1. Capital for Go-to-Market Execution and Pan-EU Scaling

Truecontract need a clearly defined budget for ext.MVP (€826K) and commercial rollout (€2.78M), totaling €3.606M in funding needs. This capital is required not only for technical deployment but also for:

• Localized legal adaptation across the EU (as per Phase 4 of the roadmap)

• Strategic partnerships with classifieds, marketplaces, and factoring firms

• Hiring in marketing, legal, and compliance, as user onboarding requires trust

Without full capitalization, even the best architecture won’t achieve market traction.

2. Institutional Partnerships (DeFi Funds, Factoring Firms, KYC Providers)

Truecontract’s open financial guarantee marketplace only reaches full potential if populated with a wide range of liquidity providers—from DeFi pools to traditional factoring firms. To scale that:

• Bilateral integrations must be set up with selected EU banks and risk funds

• DeFi/TradFi cooperation agreements are required to generate trust and liquidity

Additionally, identity verification partners (e.g., Onfido, Veriff) are necessary for robust KYC.

3. Trust Infrastructure: Legal + Educational Framework

Even though the EU legal climate is supportive (e.g., EU Data Act 2023), users need education to trust and understand smart contracts, especially in high-stakes cases (e.g., €10,000+ annual rent contracts).

You need:

• Legal frameworks per country: pre-built, template-compliant contracts localized to each EU jurisdiction

• Educational content for C2C/B2C users: “How to create a secure Web3 contract” modules

• Trust-building UX features: visual compliance checks, AI-generated clause explanations, third-party trust scores

4. Continued AI Enhancement for Contracts

The core differentiator—AI-powered clause detection and validation—can evolve further through:

• Model fine-tuning on actual contracts (using custom-trained TensorFlow/PyTorch models, as proposed)

• Natural language contract builders with guided flow

• Risk scoring models to offer smart guarantees dynamically (i.e., lower premium for low-risk deals)

This requires more dataset input, labeling effort, and possibly partnerships with law firms for feedback loops.

5. Strategic Pilots & Success Stories

To attract investors and users alike, the platform should secure 2–3 strategic pilots in specific verticals and regions, such as:

• Property managers in Spain or Italy (tenant protection)

• Cross-border freelancers between Germany and France (guaranteed payment with escrow)

• Peer car rental trials in urban Belgium or the Netherlands

Even one success story—e.g., 500 active users in one city with €200K monthly volume—can dramatically validate the model.

Summary: What Truecontract Needs for Greater Impact