REVIEW DRIFE – Nexgen Ride Hailing Platform
The global transport industry is currently developing at a very fast pace. There was no exception and the market for private road transport, because in today’s world, people are increasingly traveling and need high-quality taxi services, available anytime and anywhere in the world. According to the most modest estimates, today the world taxi market is estimated at 108 billion dollars and according to experts’ forecasts, by 2025 it will grow to 230 billion dollars. This is a huge market and it is therefore not surprising that many companies are showing interest in it. The DRIFE project team, which provides services to the decentralized ride-out platform, was no exception.
Ridehayling (from the English. Ride-hailing) – a concept that involves the use of various services that operate online through applications, most often mobile, to call a vehicle to move from one place to another. A good example would be Uber, which allows its customers to call a taxi through the application or plan a trip in advance.
Unlike the taxi industry, which has a history of a century, ridehling is a very young concept. But already now, ridehayling has a clear advantage in the form of digital technologies, and also gives the driver motivation for economic independence.
But the DRIFE project went even further and provides an opportunity to organize decentralized road riding – drivers can contact customers directly, avoiding companies that act as intermediaries, thereby taking the whole profit to themselves, instead of sharing it with someone else.
DRIFE is a fully decentralized riding-platform based on the EOS blockchain to expand opportunities in our ecosystem. This includes drivers, passengers and platform developers. DRIFE plans to break the existing business model in the market and abandon corporate intermediaries.
The main advantages of DRIFE over competitors:
- Zero commission – DRIFE will create a decentralized economic model in which 100% of payments from passengers go directly to the driver. There will be only an annual subscription for drivers, providing round-the-clock access to the DRIFE platform. The subscription fee can be paid in DRIFE tokens or in Fiat and will be charged annually. In this case, the fee for the first year of using the platform will be considered as a pledge, and drivers will receive an equivalent in DRIFE tokens, which will be blocked while the driver is a member of the platform. If for some reason the driver wants to leave the platform, he will be absolutely free to pick up his tokens.
- The system of incentives for passengers – passengers receive special exclusive discounts if they use DRIFE tokens to pay for travel.
- Decentralization will eliminate any intermediaries in the transportation system, which in turn will reduce the cost of travel and increase the profits of drivers.
- Full transparency – the introduction of blockchain technology based on EOS allows for absolute transparency of tariffs and calculations, as well as allows you to store all information about trips, detailed information about the driver and feedback from passengers about trips and drivers.
- Safety – DRIFE cares about the safety of its passengers, so the most stringent rules and checks for drivers will be implemented before they can work with the platform.
–> No Commission: DRIFE aims at shifting the focus from the existing commission-based platforms to a decentralized network with a new economic model, where 100% of the fare paid by ‘commuter’ goes directly to the ‘Drivers’.
–> Incentivise Social Platform: DRIFE provides additional incentives to its network users contributing towards the platform’s betterment through social interaction and network building.
–> Governance: DRIFE believes in a democratic engagement of network participants towards financial and operational decision making for the platform.
–> Safety: DRIFE values the safety of the commuters and endeavours to carry out multiple security checks on the drivers before on-boarding and whilst in service. DRIFE also provides infrastructure for broadcasting Emergency SOS signals within the community to solicit help.
Drife token, DRF is a utility token that will also function as a
currency within our platform. It will be used to execute ride
payments, access loyalty rewards and staking functions on our
Blockchain type: EOS ICO Token Type: ETH ERC-20 Compliant Token Token symbol: DRF Total supply: 325 Million DRF tokens Economic model: 1-3% annual Inflation Whitelist: YES KYC: YES
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