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Re: PayDirt! post# 144273

Sunday, 04/11/2021 1:33:20 PM

Sunday, April 11, 2021 1:33:20 PM

Post# of 220573
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.

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/

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