The report presents the analysis and design of a collaborative system which implements a peer-to-peer economy-based solution for people to share the assets which they require only for a few times of use. With an increase in migration of millennials away from their homes for higher studies or new jobs, new individual requirements of household items pop up and are usually fulfilled by making new expenditures. These expenditures extend the product-dominant market, which essentially is about manufacturing with the need. An increase in manufacturing increases the competition and hence the demand for better products and creates more and more waste. With the boom in shared-economy-based applications and its acceptance amongst people, it provides a positive outlook towards extending it to small-scale assets as well.