HireGo – Blockchain Car Hire
Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.
HireGo is building a decentralized, distributed commercial center that enables its clients to rent their vehicles in a trustless and secure condition. The commercial center influences the Ethereum blockchain as both an open record for rent exchanges, and for directing the exchanges themselves, utilizing a keen contract system.
The HireGo commercial center gives a catalog of vehicles accessible for contract. Clients can choose a fitting vehicle, secure it for their coveted period and settle the installment, in-application, utilizing the HGO token – an ERC20-perfect digital money worked for the reason (see HGO Token). Vehicles recorded on the commercial center are crowdsourced from HireGo clients and can be effectively included application; extra apparatuses are accessible for “control clients” making bigger quantities of vehicles accessible.
HireGo has been outlined with straightforwardness and security as a first need. Installment is made, ahead of time, and held in an escrow contract on the Ethereum blockchain; in case of a debate between clients, a put stock in party, for example, the committed HireGo resolutions group, will have the capacity to make the last judgment. Surveys and remarks made by clients will likewise be put away on the blockchain, making an undeniable, dependable record of a client’s lead.
These advancements are dealt with locally by the HireGo application and all specialized unpredictability is escaped the client.
To give extra significant serenity, the commercial center will likewise offer different protection choices for clients. These protection bundles, gave by a trusted mechanical accomplice, will guarantee that vehicle proprietors are shielded from unforeseen impact or harm.
Similarly as with installment and survey, the rental exchanges and vehicle postings are directed by means of the Ethereum blockchain. The HireGo applications give a portal to getting to this information in a natural way and will make and send the fundamental exchanges, dispensing with any potential erosion for the client – no learning of the blockchain is expected to utilize the commercial center. At the point when a client goes into a rental get the application will associate with the fitting brilliant contract for the client’s sake, parsing reactions and connecting with the framework utilizing a pre-characterized and open convention. Significantly, clients hold control of their private keys and, at no time, is this communicated to HireGo or any outsiders.
There is an inborn expense while executing by means of the Ethereum blockchain, known as the “gas cost”, used to boost diggers and to secure the system. When utilizing the HireGo applications, any gas costs acquired will be secured naturally, without the client’s information. This outcomes in a smooth client experience and evacuates the need to deal with various monetary standards, a downside in some current decentralized frameworks. The slight cost to HireGo will be incorporated into the exchange expenses, taken in HGO tokens.
A passage will be accommodated the trading of fiat to tokens and the other way around, additionally dispensing with rubbing for clients new to digital money. This will enable benefits to be effectively pulled back to a ledger. Kept money will be naturally changed over to HGOtokens and exchanged to the client’s wallet, noticeable as an adjust on the commercial center.
Impetus plans will be utilized, by means of web-based social networking and in-application, to compensate clients for making supportive substance, (for example, elegantly composed surveys) and for developing the group. It is essential that positive utilization of the commercial center is empowered and HireGo trusts that extraordinary clients, from those giving reliably awesome criticism to those accepting it, ought to be energized. HireGo will utilize different gamification strategies, including virtual trophies, and will give monetary motivating forces to cultivate a wonderful and expert group.
CAR SHARING AND THE FUTURE
The decline of traditional car ownership has already begun as more people are switching to car sharing.
Increasing car purchase and maintenance costs, worsening traffic and pollution, and a lack of parking spaces are important factors for the continuation of this trend.
By decentralising car sharing we are making it more accessible, safe and convenient than ever before.
Car sharing offers the convenience and freedom of car ownership without the burden of expensive purchasing and maintenance costs.
The HireGo decentralised platform will make car hire and sharing more accessible, safe and convenient than ever before.
HireGo is setting the standard, being the first to create a working car hire DApp MVP on the Ethereum testnet.
Using blockchain based user identity solutions provides assurances that users of the platform are genuine and trustworthy. Everything will be stored on the blockchain, creating an indisputable record of a user’s conduct.
Communities HireGo allows people and businesses to create communities within the app so that they can decide who to share their car with
The use of smart contracts, contractual code running on the Ethereum network, removes the necessity for a middleman and allows users to conduct trustless rental transactions
When cars become IoT ready future versions of the HireGo contract will allow physical access to the vehicles to be governed by ownership of the requisite tokens
The in-app currency is the HGO token, a cryptocurrency conforming to the ERC20 standard.
There will be a total of 100,000,000 tokens created, of which 60% are being allocated for an initial coin offering. Each token will be divisible by 18 decimal places. Any value exchange on the HireGo marketplace will be conducted using the HGO tokens.
Gas costs incurred by transactions made using the HireGo app will be covered, ensuring that users do not need an Ether (ETH) balance to place transactions. There will be protection mechanisms in place to ensure bad-actors cannot abuse this system. When a transaction is selected the gas cost is transferred to the user’s address and, once this has been confirmed, the rental transaction is issued by the application.
The token will be available for purchase on existing cryptocurrency exchanges and may be used as a means of exchange and speculation beyond the HireGo application. HireGo will also provide a fiat-HGO gateway to facilitate the easy exchange from GBP, USD and other national currencies.
• Symbol: HGO
• Base Value: 1 ETH = 4,000 HGO
• Type: ERC20
• Token supply: 100,000,000 HGO
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