Ridenode American Ridesharing Platform

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Blockchain Technology Like other industries, blockchain is all set to bring disruption to Uber and other cab service platforms.

With the increasing use of smartphone and internet connectivity, the on-demand transportation industry is expecting to grow eightfold by 2030. In the USA alone, more than 5 billion rides were completed in 2017. Users of taxi services are supposed to get increased to 500 million users by 2021.

Despite the high demand for cab services, there are countless problems with the existing platforms. Therefore, creating a decentralized platform for drivers and riders can help both the parties to connect with each other without requiring mediators.

BayRide Inc. cuts out the middleman, making ridesharing industry decentralized and laissez-faire. BayRide Inc.’

BayRide Inc will disrupt current market as penetrating to compete around all of current centralized business system. This peer-to-peer system brings the sharing economy into the ride-hailing economy system and empowers the individuals to create their own incomes unencumbered, in a multitude of ways, while expanding naturally and virally into markets that have thus far been inaccessible to centrally-run ride-hailing services.

Ridenode

RideNode is a smart contract and equipment that integrates Blockchain technology into its services. This was deliberately done so that he could give birth to the first blockchain-based service using crypto currency in the United States in the transportation sector. The integration of Blockchain technology into transportation services stems from Henry Ford who has the concept of opening new markets, new communities, new ways of working that bring prosperity to the community and workers as a whole. This concept should be appreciated because it will bring the community to a better welfare and will avoid users from high transportation tariffs, but also does not harm the driver. This of course can be done by integrating blockchain technology into its services, because as we know that blockchain technology can operate without a third party like the government and other organizations, so that it can provide services at very low cost and high profits.

As we know that currently there are many transports in various parts of the world that have very low security systems, this is also evidenced by the fact that there are many passengers who have been victims of theft, sexual harassment, kidnapping and so on. Even though online transportation has a central authority, criminalization often happens to its passengers. Of course this is different from the security services provided by RideNode, which will provide security for drivers and passengers by implementing the SMARTFARE and Rideguard features. Where both of these features are layered security provided to provide comfort and high security for both parties and avoid unwanted criminalization. Of course, relying on online transportation from Ridenode will minimize the occurrence of criminalization that is often experienced by passengers and drivers.

Why use Blockchain Technology?

Blockchain gives the following benefits

Cost Reduction-

Blockchain would enable riders to directly connect with drivers through the decentralized platform, reducing the additional costs incurred due to the involvement of too many intermediaries.

Transparency in the pricing-

Due to the ability of the blockchain to offer transparency, riders would be able to know how cab company functions. The pricing will be fixed on the basis of specific criterion defined in the smart contracts, bringing trust and transparency to the system.

Safety and security standard-

the rules defined in the smart contracts would ensure the non-involvement of drivers in any sort of criminal activities by generating an accurate rating for them. It will help riders decide if they want to take a ride with a specific service provider or not.

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The presence of Ridenode will unite conventional online transportation with blockchain-based online transportation. This is in line with Ride's goal, which is to unite markets and finance for the transportation industry, which will cause users to use only one currency, cryptocurrency originating from the Ridenode platform. Not without reason this platform has a goal as mentioned above, because it wants its users to join the blockchain technology in order to eliminate additional costs and exploitation by intermediaries such as companies and governments. By using cryptocurrency, of course, motorbike and car drivers can conduct transactions with a very high level of security. Therefore the integration of Blockchain technology into an online transportation system is one of the business decisions that should be emulated by other technology activists in order to provide services with a high level of security and affordable operational costs. So that it will produce a symbiotic relationship of mutualism between the two parties.