WO2018228252A1

WO2018228252A1 - A system for facilitating a renting of an object

Info

Publication number: WO2018228252A1
Application number: PCT/CN2018/090102
Authority: WO
Inventors: Kin Wang Chau
Original assignee: Imusic Things Limited
Priority date: 2017-06-16
Filing date: 2018-06-06
Publication date: 2018-12-20

Abstract

A system and method for facilitating renting of an object comprising a rental server connecting a renter and a contributor, one or more objects for rent by a renter and provided by a contributor, the rental server receiving a rent request to rent an object from the one or more objects, from a renter device associated with a renter, wherein the renter device is configured for two way communication with the rental server and wherein the renter device is a client, the rental server processing the rent request and providing a rent response to the renter device for viewing by the renter, the rent response including a confirmation or denial of renting the object, and wherein the one or more objects are all owned by one or more contributors and the system facilitating renting of the object by one or more renters.

Description

A SYSTEM FOR FACILITATING A RENTING OF AN OBJECT

TECHNICAL FIELD

The present disclosure relates to a system for facilitating renting an object. In particular the present disclosure relates to a system that provides a platform that connects renters and contributors to facilitate renting of an object. More specifically but not exclusively the present disclosure relates to a platform that facilitates renting of a bicycle and provides a platform connecting renters and contributors to facilitate renting of a bicycle.

BACKGROUND

Various objects are commonly rented by renters from a rentee. Renting or leasing objects is common place in the modern world. Renting or leasing has become an ingrained part of the modern economic system. One particular example is renting bicycles by renters as a means of transportation.

With an ever urban road congestion and thus an increasing urban pollution level there is increased interest in using bicycles. Further due to an increasing sedentary nature of jobs in the modern workforce there is an increasing interest in the bicycle as a transportation means that reduces urban congestion, is environmentally friendly and provides some physical benefits and exercise. Commonly the only way to access a bicycle is by purchasing a bicycle for personal use. Bicycle rental is another form of accessing and using bicycles. However current or traditional rental businesses (e.g. a rental company) purchases a fleet of bicycles and rents out the bicycles. Bicycle rental companies and other rental companies own and maintain the bicycles and rent them out.

Some problems associated with the traditional bicycle (or any object) rental model is the large capital expenditure required by the owner (i.e. rentee) of the bicycles to purchase the bicycles. Another problem can be accessing customers. Customers awareness may be generally increased using traditional marketing channels and platforms. A further issue that can arise in the traditional rental model is tracking rental information. Tracking rental information can be difficult to do regularly and accurately thereby providing the owner of the bicycles (or other objects) with reduced visibility regarding the efficacy or usage of their bicycles (or other objects) .

SUMMARY OF THE PRESENT INVENTION

It is an object of the present invention to a system for facilitating renting of an object, such as for example a bicycle, which will overcome or substantially ameliorate at least some of the deficiencies of the disclosed prior art, or at least provide a useful alternative.

According to a first aspect the present disclosure relates to system for facilitating renting of an object comprising;

a rental server connecting a renter and a contributor,

one or more objects for rent by a renter and provided by a contributor,

the rental server receiving a rent request to rent an object from the one or more objects, from a renter device associated with a renter, wherein the renter device is configured for two way communication with the rental server and wherein the renter device is a client,

the rental server processing the rent request and providing a rent response to the renter device for viewing by the renter, the rent response including a confirmation or denial of renting the object,

and wherein the one or more objects are all owned by one or more contributors and the system facilitating renting of the object by one or more renters.

In an embodiment the one or more objects are bicycles, one or more contributors own the one or more bicycles and provide them for renting by one or more renters or other contributors, and the renters or other contributors rent the one or more bicycles provided by the one or more contributors.

In an embodiment each object of the one or more objects includes a code presented thereon, each object of the one or more objects includes a unique code presented thereon.

In an embodiment the code is presented in a visible location on each object of the one or more objects, the code is interactable with the renter device,

the renter device generating a view request when the renter interacts with the code via the renter device, the rental server receiving and processing the view request and providing details of the bicycle to the renter device for viewing by the renter, in response to the view request, and wherein the details including one or more of:

the availability of the bicycle,

specifications of the bicycles

restrictions stipulated by the contributor of the bicycle,

rental rate.

In an embodiment the code is a two dimensional code that can be scanned by a renter device, and interaction with the code comprises the renter scanning the code using a renter device.

In an embodiment the code is a QR code that is disposed on a visible location of the bicycle frame.

In an embodiment the system comprises an object database that stores a record of each bicycle that can be rented, a record each of a code associated with each bicycle and a record of each contributor that owns each bicycle.

In an embodiment rental server is configured to track the a) location of the bicycle, b) the time duration of use, c) total rental income generated, once the renter has rented the bicycle.

In an embodiment the rental server communicates with a GPS beacon of the renter device and communicates with a positioning system to track the location of the renter and determine the time of duration of use.

In an embodiment each bicycle comprises a location beacon that is communication with the rental server and a positioning system, the beacon providing the rental server with a location of the bicycle.

In an embodiment the system comprises a contributor device associated with a contributor, the contributor device is configured for two way communication with the rental server and wherein the renter device is a client,

the code is interactable by the contributor device,

the contributor device generating and transmitting a bicycle details request to the rental server,

the rental server processing the bicycle details request and providing one or more bicycle details to the contributor device for view by the contributor.

In an embodiment the bicycle details comprises one or more of:

income generated by the bicycle,

the bicycle’s current location,

the frequency of rentals.

In an embodiment the contributor device or renter device generating a bicycle ownership status request to the rental server, the rental server processing the ownership status request and providing an ownership status to the contributor or renter.

In an embodiment the ownership status includes the current owner name and contact and the ownership status further includes sale information.

In an embodiment the contributor can provide a purchase request for a specific bicycle by scanning the code on the bicycle and sending a purchase request to the rental server, wherein the purchase request includes a purchase price offered by the contributor to purchase the bicycle.

In an embodiment the rental server processes the purchase request to identify the contributor that owns the bicycle associated with the purchase request, the rental server providing a purchase offer message to the contributor device associated with the owner of the bicycle including the purchase price offered.

In an embodiment the rental server receiving a sell request from a contributor that owns a bicycle associated with a purchase request,

the rental server providing financial account details associated with the contributor that owns the bicycle to the contributor that wants to purchase the bicycle,

the rental server providing a connection to a payment gateway to the contributor device that provided the purchase request to facilitate a funds transfer from the contributor device wanting to purchase to the bicycle to the contributor who owns the bicycle,

the rental server receiving a confirmation of successful funds transfer from a financial institution computing device,

the rental server updating the object database with the new bicycle ownership details.

In an embodiment rental server identifying if a renter that provides a rent request to rent a bicycle is a contributor and if the renter owns one or more bicycles, and

if the renter also owns one or more bicycles then the bicycle is provided for rent free for a predetermined period of time or the bicycle is provided for a discounted rental price.

In an embodiment the rental server determines a geographic location of the renter following receipt of a rental request, and the rental server providing free rental if the renter is also identified as a contributor, and if the renter’s geographic location is different to a normal geographic location of the renter.

In an embodiment the rental server configured to determine if a renter is also a contributor in response to a rent request, and if so the rental server providing a benefit to the renter, wherein the benefit comprises any one or more of:

cheaper bicycle rental,

free bicycle rental,

longer bicycle rental,

less stipulations that apply to the rented bicycle,

free bicycle rental in different or predetermined geographic locations.

In an embodiment the rental server is configured to track the location and use of the bicycle by a renter based on a GPS beacon on the bicycle or a GPS beacon in the renter device,

the rental server configured to present modified rental charges if the bicycle is used outside the restrictions stipulated by the contributor.

In an embodiment the rental server is configured to charge rental charges based on one or more models, the models being stored in the object server, the charging models being associated with a specific bicycle, and the models relating to one or more restrictions stipulated by the contributor.

In an embodiment the system comprises a contributor database, the contributor database in electronic communication with the rental server, and the contributor database storing a record of the contributor, the record including any one or more of a) name of the contributor, b) contact details of the contributor, c) the one or more bicycles owned by the contributor.

In an embodiment the system comprises a renter database, the renter database in electronic communication with the rental server, and the renter database storing a record of the renter including any one or more of a) a name of the renter, b) rent history associated with the renter.

In an embodiment a contributor uploading a renter review of a renter following a rental period of the bicycle, the rental server receiving the review, the rental server associating the review with the renter and storing the rental review in the renter database, and;

a renter uploading a contributor review following a rental period of the bicycle, the rental server receiving contributor review, the rental server associating the contributor review with a contributor of the bicycle that was rented, and the rental server storing the contributor review on the contributor database.

In an embodiment the renter uploading a bicycle review of the bicycle that was rented, the rental server configured to store the bicycle review in the object database and associate the review with the bicycle that was rented in the object database.

The term “comprising” (and its grammatical variations) as used herein are used in the inclusive sense of “having” or “including” and not in the sense of “consisting only of” .

As used herein, the term "and/or" includes any and all possible combinations or one or more of the associated listed items, as well as the lack of combinations when interpreted in the alternative ( "or" ) .

BRIEF DESCRIPTION OF THE DRAWINGS

Embodiments of the system and method for facilitating renting of an object will now be described, by way of example, with reference to the accompanying drawings. In the current exemplary embodiments the object described will be a bicycle but the current embodiments of the system may apply to other objects.

Figure 1 shows an exemplary embodiment of a system for facilitating renting of an object.

Figure 2a shows a schematic view of an interaction between the rental server and the renter device.

Figure 2b shows a schematic view of an interaction between the rental server and the contributor device.

Figure 3 shows an embodiment of the internal components of the rental server of Figure 1.

Figure 4 shows a home screen webpage that is provided to the renter device.

Figure 5 shows an exemplary renter sign up screen.

Figure 6 shows a login screen presented to renters that have signed up to use the system.

Figure 7 shows a map interface screen with the locations of bicycles for rent.

Figure 8 shows a view of a portion of a bicycle with an interactable code presented on a frame of the bicycle.

Figure 8a shows a view of a list of bicycles relevant to a contributor and operator for locking, unlocking and other interactions with the bicycles.

Figure 8b shows an example bicycle with examples of electronic devices arranged for manipulation by a user, operator or contributor.

Figure 9 shows a screen illustrating the rental details of a bicycle as presented to a renter.

Figure 10 shows a rental history of a bicycle as presented to renter.

Figure 11 shows an exemplary profile of a renter.

Figure 12 shows a homepage screen presented to a contributor of the system shown in Figure 1.

Figure 13 shows an exemplary login screen as presented to a contributor.

Figure 14 shows a sign up screen as presented to a contributor.

Figure 15 shows an exemplary display of a map interface with the locations of the contributors bicycles on the map interface.

Figure 16 shows an exemplary bicycle details screen of a selected bicycle, as presented to a contributor.

Figure 17 shows an example screen for uploading a new bicycle onto the system, as presented to a contributor.

Figure 18 shows an exemplary history of rentals for a particular contributor owned bicycle.

Figure 19 shows an example flow diagram of the cash and benefits shared by contributors, users and platform owners in one example operation of the platform.

DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENT

The current disclosure relates to a system for facilitating renting an object. In particular the present disclosure relates to a system that provides a platform that connects renters and contributors to facilitate renting of an object. More specifically but not exclusively the present disclosure relates to a platform that facilitates renting of a bicycle and provides a platform connecting renters and contributors to facilitate renting of a bicycle. The system for facilitating renting of an object provides a platform for users of the platform to rent objects to each other (i.e. between other platform users) . The present disclosure will be described with respect to bicycles i.e. wherein the object is a bicycle. However it should be understood the present system and method as described herein can be applied to other objects such for example including personal items, vehicles (e.g. cars) , cellphones, cellphone data, commodities and other services. The present system allows users to become contributors and contribute a bicycle that can be rented by other users e.g. renters. The renters themselves may be contributors. The system provides a platform that acts as an open market because individuals can freely contribute or invest in the bike rental system for financial gains.

The accompanying figures illustrate some exemplary embodiments of the system and exemplary embodiments of the user interfaces that can be presented to users of the system (i.e. contributors and renters) . Figure 1 shows an exemplary embodiment of a system 100 for facilitating renting of an object. The object in the present system is a bicycle and the system 100 will be described with respect to a bicycle. The system 100 comprises a rental server 102 configured to connect a renter and a contributor. The rental server 102 further includes resources or information that can be communicated to a renter device 104 and a communicator device 106 to allow intercommunication and facilitate renting of an object e.g. a bicycle. The system further comprises one or more objects 108 e.g. bicycles for rent by a renter 122 and provided by a contributor 126. The system 100 may further comprise a renter device 120 associated with a renter 122 and a contributor device 124 associated with a contributor 126. The system 100 further comprises a network 130 for example the internet or any other suitable communications network that acts as a communication link between the user devices (renter device 120, contributor device 124) and the rental server 102. The network 130 is preferably a mobile telecommunications network such as for example 4G or 5G. The rental server 102 manages resources and communications between the renter 122 and contributor 126. The renter device 120 and the contributor device 124 are client devices and are arranged in a client-server relationship with the rental server 102.

The renter device 122 is arranged in two way communication with the rental server 102. The contributor device 124 is also arranged in two way communication with the rental server 102. The renter device 120 may be any suitable mobile device such as for example a smartphone or tablet. The contributor device 124 may be any suitable mobile device such as for example a smartphone or tablet. The renter device 120 and the contributor device 124 both preferably comprise a processor, a memory unit and a communication module that allows connectivity and communication with the rental server 102.

The system 100 may further include additional databases or memory units to receive and store information related to an object (e.g. bicycle 108) , renter 122 or contributor 124. The memory units are preferably hardware memory units and the databases may reside on an internal or external memory unit associated with the rental server 102.

Each object (i.e. bicycle in the illustrated example) may include a location beacon 190 disposed thereon, or a code or other identifier which facilitate a communication via a separate electronic device such as a smart phone. The location beacon is in communication with the rental server 102 and a positioning system. The rental server 102 can communicate with a positioning system to determine the location of the bicycle 108 based on the location of the location beacon. The location beacon may be a GPS beacon that can communicate its position to the rental server 102 via a positioning system. The GPS beacon 190 is configured to communicate via a network 130.

Figure 2a shows a schematic view of an interaction between the rental server 102 and the renter device 120. Referring to figure 2a, the rental server 102 is configured to receive a rent request 140 to rent an object (e.g. the bicycle 108) . The rental server 102 is configured to process the rent request 140 and provide a rent response 142 to the renter device 122 for viewing by the renter 120. The rent response 142 includes a confirmation or denial of renting the object (e.g. the bicycle) . The rent request 140 as sent by the renter, via the renter device 120, identifies a bicycle 108 of interest and identifies the length of the rental (i.e. rental time) . Optionally the rent request may also include the rental budget the renter 122 is willing to pay. The rent response includes a confirmation or denial regarding if the bicycle 108 is available for rent. If there is confirmation the bicycle 108 is available the rental server 102 is further configured to record the bicycle as rented in an object database 150.

The object database 150 may be any suitable database format such as a table, a spreadsheet, object orientated database or a relational database. The object database 150 is stored on a memory unit either internal to the rental server 102 or, external but electrically connected, to the rental server 102. The object database 150 stores information or a record of each bicycle 108 that can be rented, a record each of a code associated with each bicycle and a record of each contributor that owns each bicycle 108. The records in the object database 150 may be updated by the rental server 102 as any information changes. The object database 150 may also store a rating associated with each object, wherein the rating is based on the use by a renter.

In one exemplary embodiment the rental server 102 may function as a search engine. The rental server 102 may be configured to receive a rent request 140 that includes a plurality of search criteria such as a type of bicycle, a rental duration and a rental budget. The rental server 102 maybe further configured to process the rent request 140 to identify the search criteria and search the object database 150 to locate a list of suitable bicycles that best match the search criteria in the rent request 140. The rent response 142, in this example, may include the best search results from the rental server 102 search in the object database. The renter 122 can select, via the renter device 120, the bicycle for renting and rental server 102 may book the selected bicycle for the renter 122 to rent.

Figure 2b shows a schematic view of an interaction between the rental server 102 and the contributor device 126. The rental server 102 is configured to receive a bicycle details request from the contributor device 126. The rental server 102 is configured to process the bicycle details request and provide one or more bicycle details. The bicycle details can be one or more of a) an income generated by the bicycle, b) the bicycle’s current location, c) frequency of rentals. Other details are also contemplated. The rental server 102 is configured to update the object database 150 in real time and the contributor database 160 in real time if there are changes. Further the contributor device 126 may be further configured to upload additional bicycles to the rental server 102 and details to the object database 150 if the contributor purchases additional bicycles to be added to the system 100.

The rental server 102 is configured to track the location and use of the bicycle by a renter based on a GPS beacon 190 on the bicycle or a GPS beacon in the renter device 120. The rental server is configured to present modified rental charges if the bicycle is used outside the restrictions stipulated by the contributor. The contributor can define a basic set of charges and additional charges depending on the type of use, length of use, terrain of use, geographical areas of use. The rental server 102 is configured to charge rental charges based on one or more models, the charging models being stored in the object server 150, and the models relating to one or more restrictions stipulated by the contributor. Alternatively the charging models may be stored on either the contributor database 160 or the renter database 170 and is accessible by the rental server 102.

Figure 1 further illustrates that the system 100 comprises a contributor database 160 and a renter database 170. Both databases are accessible by the rental server 102. The contributor database 160 and the renter database 170 may be stored on a hardware memory unit associated with the rental server 102. Alternatively both database may be stored on separate memory units in communication with the rental server 102. In a further alternative arrangement both

databases

160, 170 may be stored in a cloud architecture, and the rental server 102 is configured to communicate with a separate cloud server that can enable connection and communication between the rental server 102 and two

databases

160, 170. The contributor database 160 stores a record of the contributor, the record including one or more of a) name of the contributor, b) contact details of the contributor, c) one or more bicycles owned by the contributor or d) a contributor rating. The renter database 170 stores a renter record that includes one or more of a) name of a renter, b) rent history of the renter, c) number of bicycles rented, d) duration of rent or e) a renter rating.

A contributor 126 and a renter 122 are required to complete a sign up or sign in process to register as a contributor and/or a renter. Preferably in the present system 100 for facilitating renting of a bicycle the contributors can act as renters and rent bicycles. The system 100 allows contributors to contribute bicycles owned by the contributors for rent and allow contributors to rent other bicycles. The renters can also contribute a bicycle to the system and become contributors. The rental server 102 maintains a record of the renters and contributors and which persons are acting as both in the renter database 170 and the contributor database 160.

Figure 3 illustrates an embodiment of the internal components of the rental server 102. The rental server 102 comprises suitable components necessary to receive, store and execute appropriate computer instructions. The components may include a processing unit 202, read only memory (ROM) 204, random access memory (RAM) 206, and input/output devices such as disk drives 208, input devices 210 such as Ethernet ports, USB ports etc. The rental server 102 may optionally include a display 212 such an LCD screen or LED display or any other suitable screen. The rental server 102 comprises a communications link 214 or communication module that allows the rental server to communicate with

user devices

120, 124 via the network 130. At least one of a plurality of communications link may be connected to an external computing network through a telephone line or other type of communications link or a network e.g. network 130. The disk drive 208 may encompass solid state drives, hard disk drives, optical drives or magnetic tape drives. The server 102 may use a single disk drive or multiple disk drives. The server 102 may also comprise a suitable operating system such as Windows or Linux which resides on the disk drive or in ROM 204 of the server 100. The rental server 102 may further comprise or at least is in electronic communication with the object database 150, the contributor database 160 and the renter database 170.

The renter functionality will be described now with reference to figures 4 to 18. Figure 4 shows a home screen 300 webpage that is provided to the renter device 120. The rental server 102 may be a provide webpage information to the renter device 120 for display to the renter 122. In an embodiment the rental server 102 may include web server functionality. The home screen 300 comprises a logo of the rental service 302, a sign in button 304 or a login button 306. The buttons are preferably web based buttons that can be interacted with by clicking the

buttons

304, 306. The user signs up to the rental system and use of the rental system by using the sign up button. If this is selected the user is provided with a further screen 310. The screen 310 prompts to input a username, password and confirm password into the appropriate fields shown in figure 5. The information inputted by a new user as part of the sign up process is stored in the renter database 170. Figure 6 shows a screen 320 provided to registered users. The screen prompts a registered user to input their username and password that was already created. The username and password of each renter is stored in a relational manner in the renter database 170. The system 100 can only be used to rent bicycles by registered users.

Figure 7 shows a screen 330 that is provided to renters, on respective renter devices that illustrates locations of bicycles. In one example the bicycles 108 can be located anywhere within a geographical area. Alternatively the rental bicycles 108 may have predefined pick up and drop off locations. It is preferred the bicycles 108 have predefined pick up and drop off locations. In the illustrated example of figure 7, the predefined pick up and drop off locations are displayed on the map interface 340. The map interface 340 shows two pick up/drop off

locations

342, 344. The rental server 102 is further configured to communicate with a positioning beacon such as a GPS transponder in the renter device 120, thereby allowing the rental server 102 to determine and track the location of the renter based on the location of the renter device. map interface 340 shows a map of the local area. In one example the rental server 102 may be in communication with a positioning system such as GPS or Google Maps and can use the positioning system to display a local map. The rental server 102 may also be configured to determine a path to a selected bicycle location from a present location of a renter and this path may be plotted on the map interface 340. The map interface 340 further includes a search tool bar 346. The search tool bar 346 allows the renter to include to include a search query specifying a location the renter wants to reach. The renter interface 102 may include processing hardware and/or software to process the search query and provide the location, surrounding

rental bicycle locations

342, 344 and a path to the rental bicycle locations. The

locations

342, 344 may be shops or store fronts. Alternatively the

locations

342, 344 may be dedicated bicycle stands that may hold bicycles.

Each object includes a code presented thereon and each object includes a unique code presented thereon. The code is presented in a visible location on each object, and the code is interactable with a renter device 120. The renter device 120 generates a view request when the renter device interacts with the code via the renter device 120. The rental server 102 receiving and processing the view request and provides details of the bicycle to the renter device 120 for viewing by the renter, in response to the view request, and wherein the details including one or more :

i) the availability of the bicycle,

ii) specifications of the bicycles

iii) restrictions stipulated by the contributor of the bicycle,

iv) rental rate.

Figure 8 shows an example of a code 400 that is presented on a bicycle 108. The code 400 is preferably an optical code that embodies information or an action. The code 400 is preferably a two-dimensional code that can be scanned by a renter device 120 and the interaction with the code (i.e. scanning the code) comprises the renter scanning the code 400 using a renter device 120. The code 400 is preferably a QR code but other optical codes are also contemplated such as for example barcodes or other optical codes that can be scanned. The QR code 400 is presented on a portion of the frame of the bicycle 108. Figure 8 shows a view of the renter device 120 camera focusing on the code 400.

In one embodiment, which is not shown, a separate or integrated locking device can be used to lock the bike or object so as to prevent it from access or usage. This lock may be a locking device which has a GPS receiver and other communication ports, such as Bluetooth or WiFi and thus allow it to communicate with a user’s smart phone or other electronic device so as to access the bike or other object. Preferably, the locking device can have a QR code or other forms of identification code printed thereon and thus allow a user to scan the code on their phone or electronic device. In turn, the user can access a server via their phone with this QR code so as to know which bike or object the user wishes to lock or unlock and this QR code can be authenticated on a central server to obtain another code that can be transmitted to the locking device via Bluetooth, WiFi or other forms of communication methods to disable the lock or to lock to bike or object.

The GPS unit that may be integrated within the lock can also provide additional functionality, such as locking the bike or object when the bike or object is in a specific location. The GPS can also record the location of the bike or object when it is unlocked or locked by a user via the user’s smart phone, either directly or via a cloud based computer server. This in turn can allow for validation and authentication with the user’s smart phone’s GPS to authenticate the access by the user. Given the inclusion of the location capabilities of the GPS unit, additional functionalities can be provided to the system for facilitating renting an object that may be location related. For example:

1 –Tracking the location of a bike or object, and determining if the bike or object has been hired or returned to a specific location (bike parking bay) , and adjust the rental charge accordingly;

2 –Tracking the location of the bike or object and determining if the usage of the bike or object is in accordance with predetermined rules of usage, and adjust the rental charge accordingly;

3 –Assist in tracking the location of the bike or object to determine movement of the user for the purposes of a race or rally or other sporting events;

4 -Assist in tracking the location of the bike or object to determine movement of the user for the purposes of marketing, crowd behavior, crowd control or swarm tracking.

As shown in Figure 8A, a contributor or an operator of the system for facilitating renting an object may be able to access a computer interface, such as a smartphone interface, to identify and track the bikes which are relevant to the contributor or the operator. A list 802 showing the bikes relevant to the contributor or operator is retrieved from a database and presented on the interface. The list 802 then show the status of each bike (or object) such as whether the bike is currently being “occupied” or in use by a renter, as well as its tracked location. In these examples, the contributor or operator can interact with the lock by selecting the lock/unlock button 804 so as to lock or unlock the bike, effectively allowing and disallowing the bike to be used depending on their user preference. The contributor or operator may also select each bike on the list 802 and (not shown) access additional status, information and user commands for each bike.

In some examples, this lock can have an internal battery and can be charged by solar power, wired charging or wireless charging, or it may also be able to obtain electrical power from the motion of the bike. As shown in Figure 8B, the lock 806 may be of a friction type lock which includes a moveable arm that is able to apply substantial friction to the rear wheel or tire, or to lock the spokes of the wheels to render the bike inoperable. This type of lock is particularly advantageous in that there is no need to attach the bike to another fixture to lock the bike, but can nevertheless prevent the bike from being used. Whilst it is not the intention that such a lock can necessarily prevent the bike from being stolen (e.g. removed by other means) , it does provide a useful manner in the control and operation of a rental bike. Furthermore, such a type of lock can be easily manipulated to lock and unlock the bike upon authorization.

Furthermore, additional electronic or other devices can be placed onto each bike or object as similar to the GPS lock described above. With reference to Figure 8b, there is shown an example bike with electrical devices such as lights 808 or alarms, motion sensors 812 or any other controllable devices (trip computer) 810 can also be integrated with the bike or object, or it may be implemented as part of the locking device.

These lights and alarms, trip computers, or other controllable device thus allow the bike to be tracked and manipulated either based on its location or remotely via a telecommunication interface such as that of a user’s smartphone. This would allow, for example, alerts to be delivered to the user of the bike, both to their telephone and directly to an alert module on the bike so as to communicate any specific messages desired. The lights may also be activated based on location or as controlled by an authorized party so as to obtain a desirable effect, including as a safety mechanism, identification, or lighting display.

Figure 9 shows an example of the details of the bicycle presented to the renter. As seen in figure 9, the details include the bicycle ID number 500, the location of the rental location 502 of the bicycle i.e. the location from where the bike is to be rented and returned, the owner i.e. contributor of the bicycle 504, the rental cost 506 and the banking details 508 for transferring rental funds. There is also provided a rent button 510 that would initiate renting a bicycle. Once the renter presses the rent button 510 a confirm purchase screen is presented to allow the renter to confirm his/her purchase of the rental bike for rent. The rent for the bicycle may be automatically withdrawn for example via direct debit or through paypal. A renter can stop renting the bicycle by selecting a stop renting option or button. The renter 122 is also notified by the rental server 102 when the rental period has finished. Figure 10 shows a view of a history. The rental server 102 is configured to provide the renter device 120 a rental history of the renter. The rental history may be provided at regular intervals or in response to a history request received from the renter device 120. As shown in figure 10 the rental history is shown in

separate panes

410, 412, 414. The rental history can be taken into account if a renter offers to purchase the bicycle that was rented from a contributor. A renter can purchase a used bike from a contributor via the rental server 102, to then become a contributor.

A renter profile is created and stored in the renter database 170. The renter profile includes at least the name, contact details, banking details as well as statistics regarding the number of times the renter has used the system to rent an object e.g. a bicycle. The statistics can also include a total hours rented statistic. Figure 11 shows an example screen of the renter profile. As shown in figure 11 the renter can edit or verify some details like a phone number of paypal account.

Figure 12 shows a home screen or homepage 600 as presented on a contributor device 126. The homepage 600 includes a sign up button 602 or a login button 604 that are presented on the contributor device 124. Each contributor signs up to the system 100 to use the platform to rent out bicycles or other objects to renters. The contributor is considered a member if the contributors details are already stored in the contributor database 160. The contributor is prompted to insert a username and password that were preset by the contributor. Figure 13 shows an example screen showing a space to insert a username 610 and a space to insert a password 612. Figure 14 shows an example of a sign up screen. The contributor can sign up by selecting a username 620, selecting a password 622, confirming a password 624 and inputting a paypal account 626 or other bank account details for payment of rental income.

The contributor 126 can request the rental server 102 for a location of his/her bicycles. The rental server 102 tracks the location of the contributor’s bicycles using a positioning beacon and positioning system as described earlier. Figure 15 shows an example display of a map interface 630 with the locations of the contributors bicycles 632, 634 on the map interface 630. The rental server 102 may further plot a course or route to the contributor’s bicycle location or locations in case the contributor requests for a route.

The contributor device is configured to generate and transmit a bicycle details request to the rental server 102. The rental server 102 processes the bicycle details request and provides one or more details of the bicycle to the contributor device 126 for display to the contributor 124. The bike details can be any one or more of: a) the bicycle number, b) bicycle location, c) bicycle’s current location, d) frequency of rentals, e) the number of times the bicycle has been rented in a specified period of time e.g. per week or per month, f) average duration of a rental and g) income generated by the bicycle. These details are tracked and stored in the object database 150. Preferably these details are updated in real time or close to real time. Figure 16 shows an exemplary bicycle details screen 650 of a selected bicycle. The bicycle details screen 650 includes the rental frequency 652, the total profit from the selected bicycle 654. The details screen may also include details of the most recent rental. As shown in figure 16, the details include the bicycle number 656, the renter name 658, the profit from the rent session 660, the start point 662 and the end point 664. The system 100 allows a contributor to add a new bicycle to the system at any time. For example if the contributor purchases a new bicycle, the contributor can add this new bicycle into the system for rent by other renters. The new bicycle details including at least number, banking details and the rental rate are uploaded. Figure 17 shows an example screen 670 for uploading a new bicycle onto the system 100. The screen includes information that is stored in the object database 150. As shown in figure 17 a new bicycle number 672, banking details for rent transfer 674 and the rental rate 676 are added by the contributor.

Figure 18 shows an exemplary history of rentals for a particular contributor owned bicycle. The history screen 680 illustrates all the renters who have rented that bicycle including their name, the total amount paid in rent, the duration of the rental and the specific bicycle number. Figure 18 shows three renters who have rented bicycle number 150 306 230, in

separate panes

682, 684, 686.

In an embodiment the renters can become contributors by purchasing bicycles and adding them to the system 100. Contributors and renters can buy and sell bicycles to each other through the system 100. In one exemplary embodiment either the contributor device or renter device generating a bicycle ownership status request to the rental server, the rental server processing the ownership status request and providing an ownership status to the contributor or renter. The ownership status includes the current owner name and contact and the ownership status further includes sale information. The contributor can provide a purchase request, via the contributor device 124, for a specific bicycle by scanning the code on the bicycle and sending a purchase request to the rental server 102, wherein the purchase request includes a purchase price offered by the contributor to purchase the bicycle. The rental server 102 processes the purchase request to identify the contributor that owns the bicycle associated with the purchase request, the rental server providing a purchase offer message to the contributor device associated with the owner of the bicycle including the purchase price offered. The rental server 102 receives a sell request from a contributor that owns a bicycle associated with a purchase request. The rental server 102 provides financial account details associated with the contributor that owns the bicycle to the contributor that wants to purchase the bicycle. The rental server 102 provides a connection to a payment gateway to the contributor device that provided the purchase request to facilitate a funds transfer from the contributor device wanting to purchase to the bicycle to the contributor who owns the bicycle. The rental server 102 receiving a confirmation of successful funds transfer from a financial institution computing device. The rental server 102 updates the object database with the new bicycle ownership details.

The rental server 102 further is configured to identify if a renter that provides a rent request to rent a bicycle is a contributor i.e. if the renter owns one or more bicycles that are used within the system. If the rental server 102 determines that the renter also owns one or more bicycles then the bicycle is provided for rent free rental for a specified period of time or a predetermined time. Alternatively the bicycle is provided at a discounted rate. The rental server 102 is configured to determine a geographic location of the renter following receipt of a rental request. The rental server 102 determines the geographical location by utilizing a positioning system such as a GPS system. The rental server 102 is configured to provide free rental if the renter is also identified as a contributor, and if the renter’s geographic location is different to a normal geographic location of the renter. For example if the renter is also a contributor and the renter is in another country or city or town (i.e. a different geographical location as compared to their regular location) , the renter is provided with free or discounted rental. In a further example if the renter is travelling overseas to a different country or travelling to a different town, then that renter receives discounted or free rental while in that different country or town. He rental server 102 is further configured to provide one or more benefits to the renter if the renter is also determined to be a contributor. The benefits can be any one or more of:

i) cheaper bicycle rental,

ii) free bicycle rental,

iii) longer bicycle rental,

iv) less stipulations that apply to the rented bicycle,

v) free bicycle rental in different or predetermined geographic locations.

The system 100 as described herein provides users (i.e. ) users from different geographical locations for example across different countries. The system 100 allows renters to rent bicycles or other objects in any country where there are objects e.g. bicycles that are registered with the system 100. The contributors too can purchase and contribute bicycles or other objects in any country by connecting to the system 100. The system 100 acts as an open market platform for purchasing objects and then renting them out for a financial gain. The system 100 is advantageous because it connects a wide variety of contributors and renters and allows contributors to rent out their own objects e.g. bicycles. The system also allows renters more convenience and more freedom in accessing and renting out objects e.g. bicycles.

In an embodiment a contributor may upload a renter review of a renter following a rental period of the bicycle. The rental server 102 receives the review and the rental server 102 associates the review with the renter and stores the rental review in the renter database 170. The renter may also upload a contributor review following a rental period of the bicycle. The rental server 102 receives a contributor review from the renter. The rental server 102 is configured to associate the contributor review with a contributor of the bicycle that was rented and the rental server 102 is configured to store the contributor review on the contributor database. In an embodiment the renter may also upload a bicycle review of the bicycle that was rented. The rental server 102 configured to store the bicycle review in the object database and associate the review with the bicycle that was rented in the object database 150.

In one example, the rental server also includes a method of calculating and optimizing utility and profits for the operator of the system for renting an object (bike) , a contributor or a user. In short, relationships between number of bikes rented (utility) , profits and contributions, can be determined, calculated and optimized so as to increase patronage of the system.

As usage of the system for renting a bike records all activities, including location, user preferences, and contributor preferences, optimization of such data may be undertaken periodically or in real time so as to optimize contributions and renters. In one example, the revenue of the system for renting bikes can be determined by:

Revenue of the system for renting bikes = Total Number of Hours of Rental x Rental Rate + Monetary Contributions by Contributors.

Or mathematically, it can be represented as:

R _operator=∑N _R×RR+Mon _c

where

R _operator = Revenue of Operator

N _R = Number of Hours of Bike Rental

RR = Rental Rate /Hour

Mon _c = Monetary Income from Contributors

In this equation, the total number of hours of rental is the number of bikes which have been rented, measured by hours, which is multiplied by the rental rate (e.g. $10 an hour normal, $20 per hour, Peak Rate, etc) . The monetary contributions by contributors are the revenue coming from any purchase of bikes by contributors to join the system. As an example, a contributor can contribute say $1600 towards the purchase of a bike for use within the rental system for a predetermined period of time (e.g. 3 years) . During this predetermined period of time, the contributor will be able to obtain a share of the profits from the rental of the bike which is associated or related to the contributor.

Given that the contributors are also able to obtain certain benefits, such as use of bicycles for free within limits, these uses must be deducted from the revenue to determine a profit for the contributors and the operators of the bike rental system. In turn, the profit for the operators of the system would thus be calculated as follows:

Revenue of the system for renting bikes = (Total Number of Hours of Rental –free hours provided to contributors) x Rental Rate x operator revenue share + Monetary Contributions by Contributors.

Where operator revenue share is the apportioned share of the revenue that is due for the operator and money contributions by contributors is the amount paid for by the contributors to join the program by purchasing a bike or object which is rented.

Or mathematically, it can be represented as:

R _operator= (∑N _R-FR) ×RR×S _OR+Mon _c

where

R _operator = Revenue of Operator

N _R = Number of Hours of Bike Rental

RR = Rental Rate /Hour

Mon _c = Monetary Income from Contributors

FR = Free Rental Hours

S _OR = Share Ratio of Operator

The Revenue for each contributor would = (Total number of hours of rental –free hours provided to contributors) x rental rate x contributor revenue share) .

Where contributor revenue share is the apportioned share of the revenue that is due to the contributor.

Or mathematically, it can be represented as:

R _contributor= (∑N _R-FR) ×RR×S _CR

where

R _operator = Revenue of Operator

N _R = Number of Hours of Bike Rental

RR = Rental Rate /Hour

Mon _c = Monetary Income from Contributors

FR = Free Rental Hours

S _CR = Contributor Share Ratio

As mentioned above, the revenue may be shared by both the contributor and the operator of the system for renting bikes (or other objects) and the rate of this share is determined by a ratio referred to as the apportioned share of each party. This is advantageous in that a contributor can participate in the business and have an opportunity to earn an income based on their investment whilst also being able to obtain benefits as described above. Additionally, the operator of the system for renting bikes or other objects may be able to obtain a benefit by risk distribution, since the fleet of bikes or objects are owned by the contributor as well as commercial benefits of additional uptake and market acceptance by the general market.

In these embodiments, the system which may operate an optimizer function may consider at least on how to increase the number of hours of rental or rental rate so as to optimize the profitability of the system. This may include an analysis of historical rental results against time, events and location so as to predict popular usage of bikes in a particular location, whilst also rewarded renters in returning bikes to a specific location that may make it logistically easier for rehire of the bike. This analysis may include to creation of models with historical results so as to identify trends for prediction.

In another embodiment with reference to Figure 19, there is illustrated a flow chart illustrating how the revenue generated by the platform can be shared amongst the operator of the platform, a contributor and a user that rents the bike. In this example embodiment, the variables are as follows:

x: no. of hours free

y: cost per hour

z: ratio (e. g 0.5)

t: time for rental

Contributor’s (Owner) profit = y*t*z

Company’s profit = y*t* (1-z)

As it can be seen in Figure 19, the platform 1902 is arranged to facilitate the contributions between the contributors 1904 (or owners as referenced herein) with users 1906 of the bikes 1901. In this example, an owner 1904 can contribute to the platform by purchasing or investing in a bike 1901 which can be rented out by the platform. Once the owner 1904 makes this investment, the bike 1901 is can be rented out to users for a fee and thus a user 1906 can obtain a cycling right 1916 for cash payment to the platform 1902. This cash payment is determined as per the formula 1912 listed in Figure 19, with the Cycling Right 1916 being measured by the formula also listed in Figure 19.

In this example, to enhance the attractiveness of contributing, owners 1904 are given two rewards in return. The first is a cycling right 1914 which includes the free use of the bikes by owners 1904 who has contributed to the platform 1902. This free use may be limited to certain duration, location or other conditions. The second, is a financial return in the form of cash 1918, generated from the user’s rental fee, less any charges charged by the platform operators.

The system 100 is advantageous because the system encourages renters to become contributors and vice versa thereby improving uptake of the overall system. The system 100 is advantageous for renters because it provides an online system that provides bike rentals at a cheaper rate. Further the system allows a renter to purchase an existing bicycle and become a contributor to the system thereby accessing benefits. The system 100 is advantageous for contributors because it allows for easier connection to renters. Further the system reduces the contributor’s capital expenditure since the contributor simply purchases a bicycle and stipulates rental conditions and puts the bicycle for rent. The current system 100 avoids the capital requirements of traditional bike rental models. The system administrator i.e. platform operator bears the costs of maintenance of the bicycles, insurance for he bicycles and repair costs, thereby reducing the load on contributors. These factors will help in increasing uptake. Further the system 100 is advantageous as it provides benefits for contributors thereby making the system more attractive to use as a contributor. The system 100 as described is also advantageous because a contributor or receiver can purchase a bicycle that is currently being used on the system i.e. a used bicycle. The buyer can view history of the bicycle for example the location where it is rented, the rental income generated and rental frequency thereby allowing for a more informed purchase decision and improved transparency of the system.

Although not required, the embodiments described with reference to the Figures can be implemented to file an application programming interface (API) or as a series of libraries for use by a developer or can be included within another software application, such as a terminal or personal computer operating system or a portable computing device operating system. Generally, as program modules include routines, programs, objects, components and data files the skilled person assisting in the performance of particular functions, will understand that the functionality of the software application may be distributed across a number of routines, objects or components to achieve the same functionality.

It will be appreciated by persons skilled in the art that numerous variations and/or modifications may be made to the present invention as shown in the specific embodiments without departing from the spirit or scope of the invention as broadly described. The present embodiments are, therefore, to be considered in all respects as illustrative and not restrictive.

It will also be appreciated that where the methods and systems of the present invention are either wholly implemented by computing system or partly implemented by computing systems then any appropriate computing system architecture may be utilized. This will include stand-alone computers, network computers and dedicated hardware devices. Where the terms “computing system” and “computing device” are used, these terms are intended to cover any appropriate arrangement of computer hardware capable of implementing the function described.

The terminology used herein is for the purpose of describing particular embodiments only and is not intended to be limiting of the invention. As used herein, the singular forms "a, " "an" and "the" are intended to include plural forms as well, unless the context clearly indicates otherwise. It will be further understood that the terms "comprises" or "comprising, " when used in this specification, specify the presence of stated features, integers, steps, operations, elements components and/or groups or combinations thereof, but do not preclude the presence or addition of one or more other features, integers, steps, operations, elements, components and/or groups or combinations thereof.

Any reference to prior art contained herein is not to be taken as an admission that the information is common general knowledge, unless otherwise indicated. It is to be understood that, if any prior art information is referred to herein, such reference does not constitute an admission that the information forms a part of the common general knowledge in the art, any other country.

Claims

A system for facilitating renting of an object comprising;

a rental server connecting a renter and a contributor,

one or more objects for rent by a renter and provided by a contributor,

the rental server receiving a rent request to rent an object from the one or more objects, from a renter device associated with a renter, wherein the renter device is configured for two way communication with the rental server and wherein the renter device is a client,

the rental server processing the rent request and providing a rent response to the renter device for viewing by the renter, the rent response including a confirmation or denial of renting the object,

and wherein the one or more objects are all owned by one or more contributors and the system facilitating renting of the object by one or more renters.
A system for facilitating renting of an object in accordance with claim 1, wherein the one or more objects are bicycles, one or more contributors own the one or more bicycles and provide them for renting by one or more renters or other contributors, and the renters or other contributors rent the one or more bicycles provided by the one or more contributors.
A system for facilitating renting of an object in accordance with claim 1 or 2, wherein each object of the one or more objects includes a code presented thereon, each object of the one or more objects includes a unique code presented thereon.
A system for facilitating renting of an object in accordance with claim 1, 2 or 3, wherein the code is presented in a visible location on each object of the one or more objects, the code is interactable with the renter device,

the renter device generating a view request when the renter interacts with the code via the renter device,

the rental server receiving and processing the view request and providing details of the bicycle to the renter device for viewing by the renter, in response to the view request, and wherein the details including one or more of:

v) the availability of the bicycle,

vi) specifications of the bicycles

vii) restrictions stipulated by the contributor of the bicycle,

viii) rental rate.
A system for facilitating renting of an object in accordance with claim 3 or 4, wherein the code is a two dimensional code that can be scanned by a renter device, and interaction with the code comprises the renter scanning the code using a renter device.
A system for facilitating renting of an object in accordance with claim 3, 4 or 5, wherein the code is a QR code that is disposed on a visible location of the bicycle frame.
A system for facilitating renting of an object in accordance with any one of claim 3 to 6, wherein the system comprises an object database that stores a record of each bicycle that can be rented, a record each of a code associated with each bicycle and a record of each contributor that owns each bicycle.
A system for facilitating renting of an object in accordance with any one of claim 1 to 7, wherein the rental server is configured to track the a) location of the bicycle, b) the time duration of use, c) total rental income generated, once the renter has rented the bicycle.
A system for facilitating renting of an object in accordance with claim 8, wherein the rental server communicates with a GPS beacon of the renter device and communicates with a positioning system to track the location of the renter and determine the time of duration of use.
A system for facilitating renting of an object in accordance with any one of claim 1 to 9, wherein each bicycle comprises a location beacon that is communication with the rental server and a positioning system, the beacon providing the rental server with a location of the bicycle.
A system for facilitating renting of an object in accordance with any one of claim 3 to 10, wherein the system comprises a contributor device associated with a contributor, the contributor device is configured for two way communication with the rental server and wherein the renter device is a client,

the code is interactable by the contributor device,

the contributor device generating and transmitting a bicycle details request to the rental server,

the rental server processing the bicycle details request and providing one or more bicycle details to the contributor device for view by the contributor.
A system for facilitating renting of an object in accordance with claim 11, wherein the bicycle details comprises one or more of:

i) income generated by the bicycle,

ii) the bicycle’s current location,

iii) the frequency of rentals.
A system for facilitating renting of an object in accordance with any one of claim 1 to 12, wherein the contributor device or renter device generating a bicycle ownership status request to the rental server, the rental server processing the ownership status request and providing an ownership status to the contributor or renter.
A system for facilitating renting of an object in accordance with claim 13, wherein the ownership status includes the current owner name and contact and the ownership status further includes sale information.
A system for facilitating renting of an object in accordance with any one of claim 3 to 14, wherein the contributor can provide a purchase request for a specific bicycle by scanning the code on the bicycle and sending a purchase request to the rental server, wherein the purchase request includes a purchase price offered by the contributor to purchase the bicycle.
A system for facilitating renting of an object in accordance with claim 15, wherein the rental server processes the purchase request to identify the contributor that owns the bicycle associated with the purchase request, the rental server providing a purchase offer message to the contributor device associated with the owner of the bicycle including the purchase price offered.
A system for facilitating renting of an object in accordance with claim 15 or 16, wherein the rental server receiving a sell request from a contributor that owns a bicycle associated with a purchase request,

the rental server providing financial account details associated with the contributor that owns the bicycle to the contributor that wants to purchase the bicycle,

the rental server providing a connection to a payment gateway to the contributor device that provided the purchase request to facilitate a funds transfer from the contributor device wanting to purchase to the bicycle to the contributor who owns the bicycle,

the rental server receiving a confirmation of successful funds transfer from a financial institution computing device,

the rental server updating the object database with the new bicycle ownership details.
A system for facilitating renting of an object in accordance with any one of claim 1 to 17, wherein the rental server identifying if a renter that provides a rent request to rent a bicycle is a contributor and if the renter owns one or more bicycles, and

if the renter also owns one or more bicycles then the bicycle is provided for rent free for a predetermined period of time or the bicycle is provided for a discounted rental price.
A system for facilitating renting of an object in accordance with claim 18, wherein the rental server determines a geographic location of the renter following receipt of a rental request, and the rental server providing free rental if the renter is also identified as a contributor, and if the renter’s geographic location is different to a normal geographic location of the renter.
A system for facilitating renting of an object in accordance with any one of claim 4 to 19, wherein the rental server configured to determine if a renter is also a contributor in response to a rent request, and if so the rental server providing a benefit to the renter, wherein the benefit comprises any one or more of:

i) cheaper bicycle rental,

ii) free bicycle rental,

iii) longer bicycle rental,

iv) less stipulations that apply to the rented bicycle,

v) free bicycle rental in different or predetermined geographic locations.
A system for facilitating renting of an object in accordance with any one of claim 4 to 19, wherein the rental server is configured to track the location and use of the bicycle by a renter based on a GPS beacon on the bicycle or a GPS beacon in the renter device,

the rental server configured to present modified rental charges if the bicycle is used outside the restrictions stipulated by the contributor.
A system for facilitating renting of an object in accordance with any one of claim 4 to 19, wherein the rental server is configured to charge rental charges based on one or more models, the models being stored in the object server, the charging models being associated with a specific bicycle, and the models relating to one or more restrictions stipulated by the contributor.
A system for facilitating renting of an object in accordance with any one of claim 1 to 22, wherein the system comprises a contributor database, the contributor database in electronic communication with the rental server, and the contributor database storing a record of the contributor, the record including any one or more of a) name of the contributor, b) contact details of the contributor, c) the one or more bicycles owned by the contributor.
A system for facilitating renting of an object in accordance with any one of claim 1 to 23, wherein the system comprises a renter database, the renter database in electronic communication with the rental server, and the renter database storing a record of the renter including any one or more of a) a name of the renter, b) rent history associated with the renter.
A system for facilitating renting of an object in accordance with any one of claim 22 to 24, wherein a contributor uploading a renter review of a renter following a rental period of the bicycle, the rental server receiving the review, the rental server associating the review with the renter and storing the rental review in the renter database, and;

a renter uploading a contributor review following a rental period of the bicycle, the rental server receiving contributor review, the rental server associating the contributor review with a contributor of the bicycle that was rented, and the rental server storing the contributor review on the contributor database.
A system for facilitating renting of an object in accordance with any one of claim 22 to 25, wherein the renter uploading a bicycle review of the bicycle that was rented, the rental server configured to store the bicycle review in the object database and associate the review with the bicycle that was rented in the object database.