How can we build asset leasing use-case on ethereum. In asset leasing, there are mainly 4 parties involved - Asset Manufacturer (who manufactures the asset and wants to lease to end customer), Bank(which manages the leasing), Asset Insurer(who insures the asset while at customer premises) and Customer(who wants the equipment on lease).
Some of the steps for the process are as below:-
1.Customer apply to bank for equipment lease. 2. Bank pays to Manufacturer the equipment cost. 3. Bank signs lease contract with customer. 4. Customer pays for insurance to insurer. 5. Lease period starts. 6. Customer uses the equipment. 7. Customer pays monthly lease rental
How can we model this using ethereum?Any suggestions?