Every day people travel from one place to another place by using private or public transportation. The integrated process of satisfying transportation requirements using the Defense Transportation System to meet national security objectives. The process begins with planning, programming, and budgeting for transportation assets, services, and associated systems and continues through delivery of the users' transportation movement requirements.
DRIFE is a decentralized ride-hailing platform powered by blockchain within their ecosystem. These include three parties which is drivers, commuters, and community developers. DRIFE plans to minimized to corporate intermediaries involved in the transactions. This is first decentralized eco system with block coin technology in the ride hailing industry. DRIFE enhance the overall value provided to all the stakeholders concerned driver income, security, commuters fare , transparent ect.
In this chapter we will discuss the ongoing system disadvantage one by one. They are centralized, unsustainable driver income, lack of loyalty from commuters ,price surges ,lack of a 3-way incentivized economy and surge impact.
Centralized: taxi firm can’t give more benefit their commuters and they get the detail form drive or commuters. It’s fed to proprietary algorithms to find the best possible match. And also many problems with this infrastructure type, namely exploitation in the name of the commission, data breach and high level of government control to a central authority. Currently, there are a couple of major players operating at each geography and are engaging in price wars which results in a high burn rate of their investments. The hide third party try to create a monopoly market in future where they can inflate the prices and commissions, with an iron hold over the governance.
Low Driver Income:
This creates trouble for drivers who end up losing money on costs insurance, maintenance and others, leading to concerns over labour standards and drivers competing frantically for every ride to make a living
No Surge Price:
An ecosystem with 'No Surge Price' model to sustain the rider's loyalty and create sustainable income for drivers by paying them additional incentive during surge time.
Badge of Honour:
Unlike the rating and evaluation systems employed by incumbent players, we bring in an innovative and holistic approach to assess the services provided by drivers and reward them subsequently.
Incentive for All:
Provides additional incentives to its network users contributing to the platform’s betterment through social interaction and network building
Drife is used blockchain technology to the ride-hailing service industry will serve to improve the throughput of the entire ride-hailing ecosystem. The advent of the blockchain, smart contracts, and the decentralized distributed economy has opened up the world to a whole new scope of opportunities. These opportunities have given rise to a host of tokenized digital assets and a prospering new Internet-based economy. While there are other organizations with the intentions of creating a wholesome system out of the ride-hailing economy, very few of them hit their principal objectives, and yet do not achieve a wholesome ride-hailing decentralized entity. these concepts are still nascent and propose a brighter future, their current development and application streams are magnificent.
WEB - https://www.drife.one/
ANN - https://bitcointalk.org/index.php?topic=5076512
BitcoinTalk - https://bitcointalk.org/index.php?topic=5127965.0
