Blockchain based ride sharing

Didi , the Beijing-based ride-sharing app, will be launching a Blockchain-based application to intensify passenger safety and revolutionize services. According to reports by the South China Morning Post , the victim has been sexually assaulted and murdered while using Didi. In an interview with the same news outlet , Chen states:. A distress signal feature is one of the safety measures set to be integrated into the app.

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Content:

• New blockchain taxi DRIFE helps drivers and riders reclaim power in broken ride-hailing industry
• Arcade City Is a Blockchain-Based Ride-Sharing Uber Killer
• Drife To Storm The Cab Driving Industry With Its Blockchain Technology
• Xride: first-of-its-kind, blockchain-based e-mobility project
• Uber tests shared rides in Africa as UberPool stays shut in US, Canada
• Drife Blockchain ride sharing platform partners with Biconomy
• Secure Ride-Sharing Services Based on a Consortium Blockchain
• Blockchain to disrupt Uber : Entering RideSharing Industry

WATCH RELATED VIDEO: Jugnoo Peer-to-Peer Ride Sharing Demonstration

New blockchain taxi DRIFE helps drivers and riders reclaim power in broken ride-hailing industry

On May 9, both Uber and Lyft shut down their on-demand ride-hailing services in Austin, Texas , after a dispute with the city. But there's one ride-hailing startup that's still in town: the blockchain-facilitated, currently-Facebook-based "black market" solution, Arcade City.

To them, drivers are just numbers," he told the Coin Telegraph. And he's moving the company's headquarters to downtown Austin. With our peer-to-peer ridesharing service structured more like a movement than a traditional startup, we look forward to making Austin weirder.

Arcade City creates an open marketplace between drivers and riders. It takes 10 percent of the rides paid through the app, which confirms transactions using the blockchain, the digital payment technology also used for bitcoin, but also allow drivers to establish their own forms of financial transaction. It plans to eventually offer ridesharing insurance and payment processing. Arcade City had a proof-of-concept app, but pulled it down shortly before Uber pulled out of Austin, citing scaling issues.

David says it will relaunch in two weeks. Every several minutes, a person will post their pickup information. Drivers will comment with their availability, making arrangements in private messages. Drivers and riders are encouraged to set a predetermined rate before agreeing to a ride.

Arcade City drivers are quick to respond to ride requests. Since there is no established reviewing system, many drivers post screenshots of their Uber ratings and reviews. Right now drivers and riders are encouraged to negotiate a price and method of payment before pickup. When the app eventually relaunches, blockchain payments will allow payments to be processed directly between the interested parties.

No third party encryption service will be required to play the matchmaker and validation of data. In David's long-term vision of Arcade City, the app will have its own rating system and community features.

It will also allow riders to build relationships with preferred drivers, as opposed to the matchmaking black box that assigns Uber drivers and riders. On the spectrum of Uber alternatives, Arcade City has been labeled as the black market solution. Other, more Uber-esque ridesharing apps like GetMe, Dryver, Ride Austin, Wingz, and Fare are trying to fill in the void left by Uber's exodus from Austin, and the city is even looking to allocate taxpayer dollars to fund a homegrown ridesharing service.

The phrase "black market" simplifies the mission of Arcade City, however, because it really seeks to build an infrastructure to disrupt any centralized ridesharing intermediator. In fact, the City of Austin has confirmed that Arcade City is legal, as long as the ride doesn't exceed the federal reimbursement rate of 54 cents per mile.

The other reason the startup may have negative implications is that David has been accused of exploiting online movements to function as a startup grifter.

Ivan Chen-O'Neill, who worked on David's campaign for Congress, said his former boss has a pattern of ripping off his partners for cash. I dare you to fact-check his diatribe of hyperbole and half-truths. Despite the accusations against him floating around on the internet, David says he is a firm believer that blockchain technology and swarm organizational principles provide the roadmap to killing Uber.

He believes Arcade City will be the best solution for communities that want drivers and riders to have an open marketplace. Drivers and riders who coordinate a pickup over the Facebook page choose their own method of payment. Group members usually comment with preferred payment options like cash, VenMo, or Square. The relaunched Arcade City app will be run on a platform called the Ethereum blockchain.

A blockchain is a building block of disruption that is commonly associated with cryptocurrencies. Blockchain is a disruptive server architecture, where every user can run an instance that replicates all of the necessary data to reach an agreement. All of the necessary parties will be rewarded and a transaction can take place.

This operates in the traditional server architecture that seeks to restrict the sharing of data, forcing all applications to run code through a privately held server. What Arcade City does is turn Uber into an unnecessary tollbooth. As the company describes in its report on the disruption of Uber, "Wherever a middleman stands astride a market of service providers and consumers taking a cut for matchmaking and managing data, there is huge potential for disruption.

Austin Underground Ridesharing Community functions in much the same way as Arcade City does—its users ask for rides on Facebook and would-be drivers contact them directly—but that community doesn't seek to disrupt Uber or have any grand visions of migrating to other cities.

Its founder, Michael Humphreys, says he's not even sure if he wants the community to have an app. Uber and Lyft leaving "is the rideshare version of an Enron, and I don't want this to ever happen to these drivers again," he said. Ridesharing apps in Austin have until February 1, to achieve 99 percent compliance with rules for fingerprinting drivers, the new requirement that prompted Uber and Lyft to leave town.

But Arcade City isn't just replicating Uber and adding a fingerprinting solution. It is opening up the discourse on the problems with the accepted standards of the ridesharing industry. Communities will finally have a decentralized ridesharing option that attempts to preserve the interests of every individual. Uber Earth is Motherboard's exploration of the ways Uber has already changed the world and how it stands to do so in the future. Follow along here.

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Arcade City Is a Blockchain-Based Ride-Sharing Uber Killer

Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy. Using a decentralised blockchain architecture based on the advanced Chandra—Toueg consensus algorithm, Uber can now cut through the Byzantine complexity of booking a ride by connecting drivers and passengers directly via instant P2P protocol. There are immediate plans to introduce Uber coin that will allow to slash payment costs in half whilst greatly increasing profit margin through the unpredictable volatility of coin price enhanced by the existing Surge mechanism.

Drife To Storm The Cab Driving Industry With Its Blockchain Technology

According to the official press release on September 12, Japanese technology giant SoftBank is developing a blockchain-based mobile payment platform. With RCS technology, technologies such as location sharing, photo sending without mms , file sending, voice recording can be used with data packets of phones now. However, the firm will use this service to send money between peers on a global scale. Besides, with the RCS wallet application produced by the firm, cryptocurrency purchases are also allowed inside the platform. In his statement, the company said that they have developed such an application so that mobile payments can be made between global telecom regions. Sign in Join. Sign in.

Xride: first-of-its-kind, blockchain-based e-mobility project

The future of blockchain is near and banking isn't the only industry affected. See how law enforcement, ride-hailing, and others could also be impacted. What began as the basis of cryptocurrencies such as Bitcoin, blockchain technology — essentially a virtual ledger capable of recording and verifying a high volume of digital transactions — is now spreading across a wave of industries. Industries from insurance to gaming to cannabis are seeing blockchain applications. Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchains operate through a decentralized platform requiring no central supervision, making them resistant to fraud.

Uber tests shared rides in Africa as UberPool stays shut in US, Canada

Uber is testing Pool Chance, a feature that lets riders heading in the same direction share the cost of the journey, in Kenya, with plans to roll out the low-cost service to Ghana and Nigeria. TechCrunch discovered the option when booking a car in Nairobi, Kenya. An Uber spokesperson later confirmed it was part of a pilot beta version of the service that it plans to roll out more widely, pending the outcome of the smaller test. The new service, being introduced for the first time in Africa, is similar to UberPool launched in the San Francisco Bay Area in and later introduced in multiple cities across the world. The low-cost popular service remains suspended in many regions including the U.

Drife Blockchain ride sharing platform partners with Biconomy

The platform is built on the Ethereum blockchain. DRIFE is a decentralized ride-hailing network that is founded on blockchain technology. It is the first blockchain model to be deployed on the ground and is the first of its kind in the world. The unique platform was created as an impact project with the goal of empowering the value producers and extractors within its community — the drivers and passengers — by providing them with the tools they need to succeed. In the case of DRIFE, there are no spike rates and no commission fees collected from the drivers, and the tariff is determined by the community of passengers and drivers themselves.

Secure Ride-Sharing Services Based on a Consortium Blockchain

How vehicles get utilized by buyers once they leave your showroom continues to change at a breakneck pace. Meanwhile, a new start-up company, SnagRide, has positioned itself as a modern ridesharing platform built on the Ethereum blockchain that connects drivers and passengers with affordable, long-distance travel. Chan explained that smart contract technology can enable the new platform to securely manage the lifecycle between drivers and passengers that are willing to travel together between cities.

Blockchain to disrupt Uber : Entering RideSharing Industry

Blockchain could underpin a future integrated transport system — without the need for large, costly, centralised control mechanisms, according to a new UK research paper from the Transport Systems Catapult TSC and the University of Sheffield. A new decentralised, trusted, peer-to-peer model could emerge and shift ride-hailing and other on-demand transport services away from cut-throat competition and socially disruptive forces, and towards a new model in which everyone benefits, it adds. The authors carried out a survey of transport industry and public sector professionals. These features enable traceability and auditability, disintermediation, and smart contracts, which also contribute to the business benefits. There are currently several technological, social, and legal challenges to the use of blockchain. We encourage the transport industry to explore its potential, initially through experimentation and demonstrations.

Uber is doing quite well. Believe it or not, many experts are of the idea that blockchain could put businesses like Uber at risk. Imagine a world where passengers could get in touch with drivers directly with the help of an extensive blockchain network. Uber currently uses a centralized system to link drivers and passengers. When you open the app to find a ride, you basically request Uber to find you a service provider. The system scans available options and links you to a suitable provider. Moreover, the system also takes care of the payments.

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