Ride-sharing apps are now taking a ride on the blockchain protocol. Finally, ride-sharing services introduced themselves to the blockchain. It has been a rollercoaster ride; like new and improved stuff has been popping around and we are experiencing changes more than we can handle. While some of us are still struggling to understand this mad thing, people out there are making wild advancements.
Given the inquisitive nature of mankind, we are intrigued to ask why do they want to introduce ride-sharing on a blockchain. To answer your question, we did some research.
What can the blockchain do for ridesharing?
So, what is blockchain bringing to the table that other ride-sharing third-party apps couldn’t?
Given the conditions of Uber in our country, there have been scary incidents and girls, being the easy target, have been frequent victims. Today, it seems that almost anyone can apply and after a few days the individual is accepted. No rigorous background checks are done because who would go through that hassle? You’re always unaware you’ll live to see your destination or you’ll die in the backseat of an Uber… leaving room for an element of surprise.
However, using blockchain can eliminate these problems by executing an algorithm to efficiently screen for applicants. Of course, this needs to be backed by law enforcement so they can get hold of the past data records.
Lack of flexibility
Have you ever ridden in an uber and really connected with that person? Or you just wished that you could get them again because they made you feel comfortable, unlike most? Well, that’s not how it works on third-party apps. They send out your request to potential drivers in your surrounding area and whoever picks your ride is the one taking you home.
But, with blockchain technology, some start-ups are already doing this. Instead of the driver choosing if they want to provide you with services, it’s the other way around. Actually, both the driver and the user get to choose. So once the app shows you the potential drivers in your surrounding location, it gives you the power to select the person you’d like to travel with and then once you send them a request, the driver too has the option to select whether they would like to provide you with their services or not. It is a mutual decision.
These problems can be solved by the implementation and utilization of blockchain technology. Companies like Arcade City, Chaysr and Didi Chuxing have already entered this space. Though they are not widely adopted yet people are making use of them, especially Didi Cuxing, which is now one of the largest ride-hailing application in China. I believe this startup idea has a lot of potentials and can continue to grow heaps and bounds.