Uber, for instance; the company has experienced numerous scandals, including a
hack it didn't report that left 57 million
users' private information exposed and
an issue during which it misused
users' data. Lyft has experienced its
own scandals as well, such as being accused of spying on passengers several times.
with the entry of blockchain-driven ride-sharing, these challenges may soon be
a thing of the past. Imagine a model similar to Uber but without centralized control.
With this model, there is full transparency into data management and
transactions, with the drivers taking home most of the profits and not the
platform. This is what decentralized ride-sharing is all about.
model isn't as far away from adoption as it seems, with some decentralized ride-sharing
solutions already in development. A good example of this is the DAV Protocol, a project that allows anyone to buy and sell
transportation services. The DAV platform enables parties within its ecosystem
to transact with each other with full transparency and without any
like Uber, riders can discover drivers within their area and get a fare quote.
The DAV app also allows drivers to discover charging stations nearby and
compare prices. Another great thing about this platform is that it's open
source, therefore enabling developers to introduce their own unique value to
project is currently exploring how ride-sharing can be integrated with
autonomous cars. It appears that self-driving vehicles will eventually be a
norm, with the old model of riders needing to communicate directly with drivers
becoming obsolete. DAV is
working on an infrastructure that allows riders to connect with autonomous cars
and request services. Through the protocol, self-driving cars will also be able
to identify and connect with other service providers such as charging stations.
All the transactions within the DAV protocol will be facilitated through the
Ridecoin is another company
seeking to decentralize ride-sharing. Even though it is in its earliest stages,
the project is picking up momentum quickly. Unlike the DAV Protocol, Ridecoin
only focuses on connecting riders and drivers in a decentralized manner.
to its white paper, the goal is to maximize profits for the drivers and lower
costs for the riders. Also, the project seeks to ensure full transparency while
protecting users’ data from hackers. Their ecosystem is powered by two tokens,
one for transactions and the other for investment.
project known as La’Zooz is also working on a
solution to democratize the ride-sharing industry. Unlike DAV and Ridecoin,
this project aims to help people get rides from drivers heading in the same
direction as they are.
opposed to the traditional model where a driver is driving with the end goal of
getting clients to their destinations, the La’Zooz approach connects private
drivers with passengers looking for a lift. This means that any driver can
offer to share a ride with travelers in need and get rewarded in the process.
Given that multiple people can share one car and the drivers are heading in
that direction anyway, the fees charged to each rider are much lower than that
of the traditional ride-sharing taxi.
is also open source, so developers can introduce additions and improve the
platform. All parties in the ecosystem including riders get rewarded through
the platform's token, known as zooz.
are a few other decentralized ride-sharing platforms, but those mentioned here
are by far the best currently available.
the rate at which these new technologies are developing, there is no doubt that
it is just a matter of time before the industry experiences explosive growth
and major changes that will change the ride-sharing industry for the better.