Ride hailing developments

In the developed world, most of the employees are commuters to their work office, since they usually spend at least half an hour on transportation, and this could be more if work place is in another city. This time could be counted as work time in many companies, especially for long haul commuters that use train or other comfortable type of transportation that is suitable to work on laptop, but still has many disadvantages because of centralized type of companies that are intermediaries between commuters, drivers and service providers.

Ride hailing is evolving daily, and offer much advantages to drivers compared to taxi services, that are controlled by state or local authorities, or established as private companies, that earn percentage from the driver itself. This influences higher price for the customer and lower payment for the driver. Blockchain offer exclusion of the middleman and their cut in the price, which will benefit both service user and service provider. In the future, it is expected, that only car sharing and ride hailing platforms will be able to exist in a decentralized world, with middleman that do not evolve and offer their services through advanced decentralized applications out of business.

Smart contracts that are part of decentralized sharing economy and oracles that are enabled on the blockchain offer possibility for a user to have a ride without third party, since application will connect the user with provider, enabling both to express their opinion regarding quality and service, and all that information will be stored on the blockchain, hence immutable.

Another important issue of current ride hailing is that local services could succeed over global services like Uber and similar, but when certain city has in place local service that is able to deploy monopoly on the market, lower prices that are offered in the beginning are increased and all users are charged with high prices for taxi services. Centralized services are not interested in any city that is hard to reach, since that needs local presence, which could be costly compared to number of users, and local users are stacked with monopoly. Decentralized companies are born global, and do not need local presence to deploy their services, so ride hailing service can be offered in any city, to fight with local monopoly and lower prices for users.

Drife Solution

Drife https://www.drife.one/ is completely decentralized ride hailing platform powered by EOS blockchain, with aim to reward and provide incentive for all included parties drivers, riders and community developers, while removing corporations as intermediaries from the ride hailing business. Business model will provide that all paid money from the rider is paid directly to the driver, and driver itself will pay annual membership fee to the platform in either fiat or DRIFE token. Riders have incentive to pay the service with DRIFE token.

Drife https://www.drife.one/ is planning to have psychological test for each driver, since there is a lot of issues with Taxi companies and their drivers, and improvement of this is part of Drife ecosystem. Security will be improved through ride notification that will be sent to family or relatives, in accordance with user settings.

For tokenomics, Drife https://www.drife.one/ blockchain is EOS type, ICO is ERC-20 compliant token, with 325 million tokens as total supply. Annual inflation will be between 1-3%, and whitelist and KYC shall be implement for token sale. Soft-cap is set on 10% of total supply, which correspond to 20% token number planned for sale, and Hard-cap is on 50% of total supply.

ANN thread: https://bitcointalk.org/index.php?topic=5076512
Author: https://bitcointalk.org/index.php?action=profile;u=1573369