REDCAB: DECENTRALIZED BLOCKCHAIN-BASED TRANSPORTATION ECOSYSTEM

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Redcab is a decentralized platform which leverages on blockchain technology to proffer solutions to challenges of transportation. The platform aims to provide transparent access to transportation services without the interference of intermediaries thus eliminating extraneous costs and subsequently reducing and saving cost for riders and increasing profits made by drivers.

Unlike other transportation services, Redcab does not charge drivers or riders money on trips and rides, i.e commission fee on rides is zero. Therefore, as intermediary commissions have been cut off, riders get to pay less for convenient, enjoyable rides while drivers make more to maximize their earned profits.

SERVICES PROVIDED BY REDCAB

• Redcab offers high end classy services to customers who desire a luxury trip by providing luxury cars to match their elegant trip style
• Car hailing and pooling: Customers can request for a cab for personal, family and business trip via the platform. The Redcab platform offers a peer to peer feature that matches riders and drivers who are of matching profile for example matching a music loving rider with a driver who also loves music. This will enhance maximum user experience on the trip
• Delivery and pickup service: This entails delivery of food orders for restaurants at a lower cost and pick up of items for customers from one location to another.
• Hotels and Airport Services: The platform offers unique experience for tourists who need to be transported from their hotel to airport and vice versa. Incorporated hotel ads as earlier mentioned will be helpful for tourists to choose proximally located and convenient hotel accommodation.

The above highlighted services can be accessible via the Redcab mobile app which is downloadable on app and Google play store. The app is user-friendly and supports about 6 languages to attain global reach. A sharing ride route feature integrated within the app can be shared with friends and family for them to be able to monitor the movements of their loved ones for safety and security purpose.

HOW DOES REDCAB MAKE ITS MONEY
For sustainability of the platform since they do not charge drivers and riders for commission, Redcab welcomes hotels, cafes, restaurants, clubs, cinemas etc. who are willing to advertise and publicly promote their products and services on the mobile app, the platform possesses an AI powered road assistant (CABBY) that displays only ads for needed services to individual users. Hence, as redcab is offering a decentralized service to members of the public, they are also generating profit that will be used to sustain and maintain the growth of the ecosystem.

BENEFITS OF REDCAB
• Multiple choice of transportation option to match customers’ trip style (Economy cab, luxury cabs, family cab, classy red cabs)
• Cost effective: Allows riders to save more while having a fun-filled ride
• Drivers earn more, thus make more profit
• Allows customers to earn the redcab (REDC) tokens via the referral program
• Restaurants are guaranteed of reliable and affordable delivery and pick up transportation service

TOKENS
Tokens that fuel the economy of the Redcab ecosystem are known as REDC tokens. They are built on the ERC-20 smart contract and serve as a means by which stakeholders of the platform are incentivized. REDC will be earned by drivers while driving, also customers will be incentivized in REDC when they market and introduce more people to the Redcab platform.