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White paper
January 2018

Contents
1.0 Introduction ……………………………………………………………………………………………………………….. 3
2.0 Application …………………………………………………………………………………………………………………. 5
3.0 Smart Contracts ………………………………………………………………………………………………………….. 6
3.1 Go Token ………………………………………………………………………………………………………………… 7
3.2 Token characteristics ……………………………………………………………………………………………….. 7
3.3 Token distribution ……………………………………………………………………………………………………. 8
3.4 Vehicle Non-fungible Token ………………………………………………………………………………………. 8
3.5 Rental Contract ……………………………………………………………………………………………………….. 9
3.6 IoT Ready ………………………………………………………………………………………………………………… 9
4.0 Roadmap ………………………………………………………………………………………………………………….. 10
5.0 Team / Contact………………………………………………………………………………………………………….. 10
6.0 Legal ………………………………………………………………………………………………………………………… 11

HireGo; Peer-to-Peer Vehicle Rental
In a rapidly-decentralising world there is a strong motivation to upset incumbent,
centralised services and to create user-oriented alternatives. This paper presents a novel
solution to peer-to-peer vehicle rental that leverages smart contracts to ensure user
security and transparency.
1.0 Introduction
With the advent of the sharing economy, there has been a sudden and dramatic rise in the
popularity of private rental. The Airbnb and Uber platforms, the two most-cited examples
of this economic shift, allow millions of users to lease their property or services to others in
exchange for a fee.
The private rental industry, a subset of the sharing economy concerned solely with the
lease of property, is a fast-growing sector. Private vehicle rental alone is estimated to reach
a worth of $90B by the year 20201. This growth has spawned the creation of platforms that
facilitate the lease of tools, cars, drones, photographic equipment and construction plant,
to name but a few.
Vehicle rental makes up a large proportion of the private rental sector and is mostly
dominated by a small number of platforms. Turo is a market-leading application that
boasts a user base of over 2 million2. This platform, not unusually, charges an enormous
25% fee for transactions – with some platforms raising this as high as 35%. There is a
distinct lack of choice and competition within this arena.

1 https://globenewswire.com/news-release/2016/03/17/820761/0/en/Global-Car-Rental-Market-Set-for-
Explosive-Growth-T o-Reach-Around-USD-90-0-Billion-by-2020-MarketResearchStore-Com.html
2 https://www.forbes.com/sites/andrewcave/2016/12/15/can-turo-do-for-automobiles-what-airbnb-hasdone-
for-apartments/

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“It‘s an interesting move — and highlights that despite the buzz around the ‘sharing
economy‘ some of the most successful start-ups in the space end up looking a lot like the
traditional businesses they are trying to disrupt” – Business Insider3
Given the increase in user-control that the sharing economy offers, the lack of
decentralisation is surprising: incumbent industry capitalises on data ownership and the
monopolisation of its users. Transactional data is created and stored by the platform and is
inaccessible to the users it concerns. This information, invisible as it is to users, may contain
sensitive or valuable information and becomes a target for theft.
“Everything that can be decentralized, will be decentralized.” – David A. Johnston
By leveraging the blockchain to create a trustless, decentralised rental platform, HireGo
aims to overcome the shortcomings of existing solutions. Using blockchain-based identity
solutions ensures that users can manage their own data, granting access as and when they
see fit, and provides additional assurances that users of the platform are genuine and
trustworthy. The use of smart contracts, contractual code running on the Ethereum
network, removes the necessity for a middleman and allows users to conduct trustless
rental transactions.
The mass-adoption of decentralised products and the blockchain are changing userexpectations,
prompting a change in existing industries that has already begun. Digital
currency exchanges, online games and identity-management applications conduct millions
of dollars of business every day, all using decentralised technologies, and some estimates
even suggest that 5% of trading could be involved with or conducted using cryptocurrency
by 2020.
HireGo will position itself as the first private car rental application in the emerging
decentralised sector. It is our goal to set the technological and usability standards for the
car hire industry, providing a professional, secure platform to connect like-minded
individuals, and to lead the way for others to follow.
3 http://uk.businessinsider.com/turo-car- rental-airbnb- sharing-economy-business-model- uk-launch- 2016-12

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2.0 Application
HireGo is building a decentralised, peer-to-peer marketplace that allows its users to lease
their vehicles in a trustless and secure environment. The marketplace leverages the
Ethereum blockchain as both a public ledger for lease transactions, and for conducting the
transactions themselves, using a smart contract framework.
The HireGo marketplace provides a directory of vehicles available for hire. Users are able to
select an appropriate vehicle, secure it for their desired period and settle the payment, inapp,
using the Go token – an ERC20-compatible cryptocurrency built for the purpose (see
Go Token). Vehicles listed on the marketplace are crowdsourced from HireGo users and can
be easily added in-app; additional tools are available for “power-users” making larger
numbers of vehicles available.
HireGo has been designed with simplicity and security as a first priority. Payment is made,
in advance, and held in an escrow contract on the Ethereum blockchain; in the event of a
dispute between users, a trusted party, such as the dedicated HireGo resolutions team, will
be able to make the final judgement. Reviews and comments made by users will also be
stored on the blockchain, creating an indisputable, trustworthy record of a user’s conduct.
These technologies are handled natively by the HireGo application and all technical
complexity is hidden from the user.
To provide additional peace-of-mind, the marketplace will also offer various insurance
options for users. These insurance packages, provided by a trusted industrial partner, will
ensure that vehicle owners are protected from unexpected collision or damage.
As with payment and review, the rental transactions and vehicle listings are conducted via
the Ethereum blockchain. The HireGo applications provide a gateway for accessing this
data in an intuitive manner and will create and send the necessary transactions, eliminating
any potential friction for the user – no knowledge of the blockchain is needed to use the
marketplace. When a user enters into a rental contract the application will interact with the
appropriate smart contract on the user’s behalf, parsing responses and interacting with the
system using a pre-defined and public protocol. Importantly, users retain control of their
private keys and, at no time, is this broadcast to HireGo or any third-parties.

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There is an intrinsic fee when transacting via the Ethereum blockchain, known as the “gas
cost”, used to incentivise miners and to secure the network. When using the HireGo
applications, any gas costs incurred will be covered automatically, without the user’s
knowledge. This results in a smooth user experience and removes the need to manage
multiple currencies, a drawback in some existing decentralised systems. The slight cost to
HireGo will be included in the transaction fees, taken in Go tokens.
A gateway will be provided for the exchange of fiat to tokens and vice versa, further
eliminating friction for users new to cryptocurrency. This will allow profits to be easily
withdrawn to a bank account. Deposited currency will be automatically converted to Go
tokens and transferred to the user’s wallet, visible as a balance on the marketplace.
HireGo is currently being tested ahead of its first Alpha release, with the Beta release
expected in Q3 2018 (see Roadmap). The marketplace will be available to the general
public as a mobile application, for both iOS and Android, in Q4 2018. A web application is
also being developed and will be released later this year.
Incentive schemes will be employed, via social media and in-app, to reward users for
creating helpful content (such as well-written reviews) and for growing the community. It is
important that positive use of the marketplace is encouraged and HireGo believes that
exceptional users, from those providing consistently great feedback to those receiving it,
should be encouraged. HireGo will employ various gamification techniques, including
virtual trophies, and will provide financial incentives to foster a pleasant and professional
community.

3.0 Smart Contracts
The HireGo marketplace will deploy three smart contracts to the Ethereum network: the Go
token, a Vehicle non-fungible token and a Rental contract. An additional storage contract
will be deployed for use in a hub-and-spoke model, ensuring that any updates or bugfixes
may be released in a timely manner, without loss of data.

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3.1 Go Token
The in-app currency is the Go (HGO) token, a cryptocurrency conforming to the ERC20
standard. There will be a total of 100,000,000 tokens created, of which 60% are being
allocated for an initial coin offering. Each token will be divisible by 18 decimal places. Any
value exchange on the HireGo marketplace will be conducted using the Go tokens.
Gas costs incurred by transactions made using the HireGo app will be covered, ensuring
that users do not need an Ether (ETH) balance to place transactions. There will be
protection mechanisms in place to ensure bad-actors cannot abuse this system. When a
transaction is selected the gas cost is transferred to the user’s address and, once this has
been confirmed, the rental transaction is issued by the application.
The token will be available for purchase on existing cryptocurrency exchanges and may be
used as a means of exchange and speculation beyond the HireGo application. HireGo will
also provide a fiat-HGO gateway to facilitate the easy exchange from GBP, USD and other
national currencies.

3.2 Token characteristics
• Symbol: HGO
• Base Value: 1 ETH = 4,000 HGO
• Type: ERC20
• Hard cap: 11,836 ETH
• Token supply: 100,000,000 HGO

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3.3 Token distribution

 

3.4 Vehicle Non-fungible Token
Each vehicle listed on the marketplace is represented as an ERC721-compliant token. At any
given time, the holder of a Vehicle token will be granted sole access to the corresponding
vehicle and, as such, the ownership indicates that a rental transaction has been entered
into. The token is returned to the vehicle owner on completion of a rental transaction.
Whenever a new vehicle is added to the marketplace a new token will be minted and
transferred to its owner. Initially, new vehicles will be subject to moderation by the HireGo
team, however this restriction may be removed in the future to aid decentralisation. The
token will contain identifying information in its metadata, linking it with the vehicle it
represents. Whenever a vehicle is removed from the marketplace the token will be burnt,
ensuring that a one-to-one correspondence between all Vehicle tokens and their
marketplace counterpart is maintained; this prevents the fraudulent lease or trade of nonexistent
vehicles.
The use of a non-fungible token to represent the access to a vehicle creates space for future
applications, including the use of smart locks that respond to messages signed by token
holders. HireGo aims to leverage blockchain-ready, Internet-of-Things technology when it
becomes available and future versions of the marketplace will allow physical access to the
vehicles to be governed by ownership of the requisite tokens.

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3.5 Rental Contract
Rental transactions are also made via a dedicated smart contract. This contract will act as
an escrow and will mediate the transfer of the Vehicle token between the two parties.
When a rental transaction is entered into, the renting user issues a paid transaction to the
Rent contract. These funds are held by the contract until the rental period has elapsed and
that both users have indicated a successful transaction. This contract also allows a dispute
to be flagged by either user and, in the event that a third-party judgment is needed, HireGo
can choose to return the funds to the appropriate party. This model also provides the
flexibility for specifying additional trusted parties and, if the contracting parties desire, it is
possible to exclude HireGo altogether – furthering the trustless and decentralized ethos of
the platform.
The Rental Contract also manages the transfer of the vehicle token from the vehicle owner
to the renting user, and vice versa, as required. The token will be owned by the renting user
during the rental transaction and then returned after its conclusion.

3.6 IoT Ready
The Internet of Things is the concept of connecting almost any electrical device to the
internet and to each other. It is estimated that by 2020 there will be over 26 billion
connected devices.4
IoT and blockchain (distributed ledger technology) are often associated with one another as
both technologies are distributed based.
‘By 2019, 20% of all IoT deployments will have basic levels of blockchain services enabled’5
HireGo aims to leverage blockchain-ready, Internet-of-Things technology when it becomes
available and future versions of the marketplace will allow physical access to the vehicles
to be governed by ownership of the requisite tokens

4 https://www.forbes.com/sites/jacobmorgan/2014/05/13/simple-explanation-internet-things-that-anyonecan-
understand/#43ad8cfa1d09
5 https://www.i-scoop.eu/blockchain-distributed-ledger-technology/blockchain-iot/

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4.0 Roadmap

 

5.0 Team / Contact
See Hirego.io for details of team and Linked In profiles as HireGo is always looking to add
to and strengthen its team. Our founder and contact details are below.
Founders: Luqman Hussain and Adil Bashir
Website: www.hirego.io
Email: contact@hirego.io
Twitter: https://twitter.com/Hire_Go
Telegram: https://t.me/hirego

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6.0 Legal
Pre-sale and ICO Legal disclaimer
By participating in the HireGo HGO Pre-sale and/or ICO Token Crowdsale or making use of
any information in this whitepaper or available on the Hirego.io website, you agree to the
following:
By using the services provided by HireGo, you the (User) as either an Initial Coin Offering
(hereinafter – Pre-sale and/or ICO or Crowdsale) participant or (User) of HireGo products
or services, fully understands and agrees with the following:
• User understands and acknowledges that HGO tokens will be provided by the Presale
and/or ICO smart contract in the order that transactions are received by it and no alteration
of this can be made by any party. User understands that HireGo carries no liability for the
ability to take part in the Pre-sale and/or ICO for reasons beyond the control of HireGo
including but not limited to the Pre-sale and/or ICO duration, transaction mining delays
and node-related issues
• Pending a successful Pre-sale and/or ICO, HireGo team members will be focused on
completing the company start-up and delivering on milestones. However HireGo
undertakes no obligations to act on behalf and in the interests of User in the Pre-sale
and/or ICO being held in the future.
HireGo specifically disclaims liability for incidental or consequential damages and assumes
no responsibility or liability for any loss or damage suffered by any person as a result of the
use or misuse of any of the information or content in this whitepaper or on the Hirego.io
website. HireGo assumes or undertakes no liability for any loss or damage suffered as a
result of the use, misuse or reliance on the information and content in this whitepaper or on
the Hirego.io website. In no event shall HireGo be liable to User for any special, indirect,
incidental, consequential, exemplary or punitive damages (including lost or anticipated
revenues or profits and failure to realise expected savings arising from any claim relating to
the services provided by HireGo) whether such claim is based on warranty, contract, tort
(including negligence or strict liability) or otherwise or likelihood of the same.

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Pre-sale and/or ICO participations can be can be considered High-Risk Trading; purchasing financial instruments via a Pre-sale and/or ICO or utilising services offered on the website may result in significant losses or even in a total loss of all funds invested.
• No information provided on HireGo’s platform or website should be interpreted as investment advice. It does not constitute an offer or invitation by HireGo to any User to buy or to sell tokens or make any investment.
• User guarantees that he is a legally capable person of a majority age and complies with legal rules and applicable laws of the jurisdiction where the User lives.
• By participating in the Pre-sale and/or ICO User confirms that he has read, understood and agree to comply with all restriction

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