Few portals that act as intermediaries for parties have come up with innovative facilities and programs to make it a user-friendly experience along with assured benefits. Data management technology implemented using a large agricultural equipment rental management system can reliably and systematically provide regulation of access and control of the machinery archive stored in the equipment inventory system. This type of agricultural equipment rental application has proven to be a boon for the “shared economy” scenario by encapsulating unnecessary details and yet making all the required details available to users. These also provide and manage a transparent intermediate layer between the renter and the source. The necessary details of the operation, the terms and conditions and the monetary transactions involved can be structurally maintained, thus making regular updating possible. This platform used for the construction sector, RxEal allows you to track transactions with detailed information that facilitates the correct use of the items. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay This improves productivity, flexibility and utilization of expensive machinery especially in industries where the need for such equipment is short-lived. In addition to the obvious advantages mentioned above, there is also a downside to this growth trend. If not properly monitored, such an agreement can create problems for the parties involved. High chances of monetary risks, investment risks and no guarantee of correct and careful use of the equipment can cause problems. Wear and tear on machinery due to careless use can be a major concern. Therefore, a smart lease agreement with distinct terms and conditions specified is needed to ensure that this culture does not fall prey to abuse. Few portals that act as intermediaries for parties have come up with innovative structures and schemes to make it a user-friendly service. experience along with guaranteed benefits. Machinery Link Sharing is an online platform developed in the United States that promotes this sharing concept by providing easy access to equipment. Data management technology implemented using a large agricultural equipment rental management system can reliably and systematically provide regulation of access and control of the storage of machinery stored in equipment inventory system. This agricultural equipment rental application has proven to be a boon for the “shared economy” scenario by providing and managing a transparent middle layer between the renter and the source. The necessary details of the agreement, the terms and conditions and the monetary transactions involved can be structurally maintained, thus making regular updating possible. Please note: this is just an example. Get a custom paper from our expert writers now. Get Custom Essay In this In the era where technology is leveraged for sharing equipment on a large scale, this new feature provides people with ease of doing business by reducing budgetary demands and flexible availability of equipment based on demand . This stimulates the economy with minimum waste and maximum use of available machinery.