The concept behind Toolibaba is to provide a platform for individuals to rent tools that they own to other individuals who are looking for tools to rent. For many individuals, when they need a tool, it isn’t always worth the investment to purchase a tool they will only use for a short while. While individuals who own tools may not use them most of the time. This service would connect these different users together.
On Toolibaba, users could rent their own tools to others and earn extra income, or they could rent somebody else’s tools. As this is a peer to peer model, renting tools this way can be convenient based off of location and price. For peace of mind for the customer and renter, insurance is built into the site as well.
Over the project term, the students developed a minimum viable product that demonstrates proof of concept.