Decentralization main aim is shifting the focus from a central authority to the driver-partners. With the known power of blockchain technology, Drife strives to bring a new model to the ride-sharing scenario and solve the horde of issues emerging from the current model of centralized business.
Growth and success of the platform not only contributes to the objective of Drife but also at the same time enhances the overall value provided to all the stakeholders concerned like the driver’s earnings, passenger’s fare, cyber security and transparency in governance.
Ride-Hailing on a Decentralized Blockchain.
Applying blockchain technology in local transportation is pretty much a continuation of an evolution that has been going on for many years. Everything concerning this platform is processed through dApps using smart contracts to establish trustlessness and each transaction will then become part of the blockchain.
The future of the internet economy depends on the blockchain which explains why Drife is invested on blockchain since their platform is dependent on the internet. Several platforms have attempted to develop ride-sharing using the blockchain and while it has been noticed, none whatsoever has dared to venture the decentralized world with an all-inclusive incentivized product for value creators of the ride-hailing industry until now.
Sustainable Driver Income
Drife's aim is to get rid of excessive transaction fees, reduce censorship and re-distribute value back to its rightful owners, the community not forgetting the issue of transparency which will get enhanced with this new platform. Drivers are given incentives to bring new drivers to the Drife platform and this will in turn help to form a social community of drivers that are owned by the drivers themselves. As a result, there is disintermediation of payment to any intermediary between the driver and the commuter.
This will definitely inspire the new drivers to recommend other drivers until a large number of drivers are on the Drife platform. Drivers who are already using the platform will be able to do a follow-up of their own fleet of drivers encouraging all drivers on Drife to start a new business of being entrepreneurs by becoming Drife partners gaining personal income without giving up any earnings in form of commission.
Tokenomics.
Drife token, DRF is basically a utility token that will at the same time function as a payment method within the Drife platform. It will be used to carry out ride payments, access loyalty rewards and also staking functions on the platform. Its an ERC20 compliant token.50 percent of the token supply is for public sale after which these tokens are restricted for services and also sold on exchanges.
There are drivers and commuters bonus tokens that are to encourage loyalty from the Drife customers. These will be distributed in the form of free miles to the early users of the Drife app for commuting and also to both drivers and commuters for adding new people to their network.
CONCLUSION.
The Drife platform values the inputs of the community and thus it transfers the development power to the community that will be using the platform. This seems logical and the best course of action since the community using the platform will at the end of the day have first-hand engagement with the product and interact with other community members. See you at the platform Drifer!
Links:
Website: http://drife.one/
Whitepaper: https://www.drife.one/wp-content/uploads/2018/10/Drife-Lightpaper.pdf
Facebook: https://www.facebook.com/drife.official
Telegram: https://t.me/Drife_officialchat
Twitter: https://twitter.com/Drife_official
Medium: https://medium.com/@drife_official
Youtube: https://www.youtube.com/channel/UC6hDbqlihawJTGlmYa4P2Tg
Linkedin: https://www.linkedin.com/company/drifeofficial/
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=5027608.0
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to DRIFE OFFICIAL WEBSITE
