NSAV Holding Inc (NSAV)

[PayDirt!]

RIDE-HAILING


Ride-hailing apps like Uber and Lyft represent the opposite of decentralization since they essentially operate as dispatching hubs and use algorithms to control their fleets of drivers (and dictate what they charge). Blockchain could inject new options into that dynamic: with a distributed ledger, drivers and riders could create a more user-driven, value-oriented marketplace.

Arcade City, for example, facilitates all transactions through a blockchain system. Arcade City operates similarly to other ride-hailing companies but allows drivers to establish their rates (taking a percentage of rider fares) with the blockchain logging all interactions.

This allows Arcade City to appeal to professional drivers, who would rather build up their own transportation businesses than be controlled from a corporate headquarters: drivers on Arcade City are free to set their own rates, build their own recurring customer base, and offer additional services like deliveries or roadside assistance. Arcade City announced in January 2021 it would make its code open-source to enable more peer-to-peer commerce.

Another blockchain-based ridesharing app is Drife. The startup currently operates in Bangalore and is planning to launch in more cities across India. The app works through a system of “personalized smart contracts” between drivers and riders, where drivers stake Drife’s DRF token to be chosen for rides. Instead of paying a fee on every fare, Drife drivers pay an annual fee to use the app.

https://www.cbinsights.com/research/industries-disrupted-blockchain/