WHAT THE PROJECT IS?
RedCab LLC. offers a decentralized peer-to-peer transportation solution to individuals. Utilizing the power of Blockchain technologies and a unique business model for a transparent, affordable, and innovative future. Founded in 2016, and launched in 2017 with a concrete roadmap unto the future of peer-to-peer transportation services. Proof of Driving and Proof of Marketing Concepts, AI Powered road assistant, Geo Ads for monetization, and a strong portfolio of on-ground operations in a very short time.
RedCab Problem Solving
Many start-ups have been rising in the market recently to solve the
transportation issue. Most of them are successful as a business, but none of
them have succeeded without a social collateral damage.
Despite the fact that technology has bridged the gap for transportation needs
and has successfully solved some problems in the past 10 years, this left us with
multiple copycat business models without any iteration or innovation. Customers
are not only searching for a trendy service, but looking for a true reliable service
with sustainable quality and safety, that offers all transportation options and
services with a low competitive price, and because customers hate to be abused;
so on a rainy day, or a day with heavy traffic; “high rates” fare is not a good move.
From another side, the main pillar in the transportation industry are the drivers.
Based on a recent survey conducted on drivers working as part time for one of
the major car hailing services App, 91% of the population have joined the hailing
service Apps to increase their income and 87% to work flexible shifts ². Our
business model guarantees 20% increase in the income of drivers with a clear
strategy to capitalize
on the network dominance where the time of the people who chose to partner
with us and drive is managed more efficiently. This will lead to a sustainable
cost advantage. Therefore, increasing the demand, which will allow the average
RedCab driver in a city to complete more rides in a given hour, and consequently
lowering the cost on the user, and the process loops again.
Unlike car hailing big players’ strategy to subsidize taxi companies without a clear
understanding of their business needs, RedCab was founded with everyone in mind.
This is the reason behind resistance from taxi drivers to the new technology which was
a main part of the world’s transformation in the transportation industry. Our business
model is giving the chance for taxi companies and drivers to take advantage of the
technology to keep their jobs and to capitalize on a market share that has dropped to
less than 10% in the past 10 years.
From a fast forward vision and aligned mission, we designed our business model to act
as a massive support line to prevent community abuse and market domination. This will
have a huge impact on communities on the long run.
We managed to do this through our commission scheme and investment management,
in which we margin our trips’ fares and invest in Geo generated promotional
technology through deep learning and data mining in our monetization model.
We implement this strategy without adopting any losses to dominate markets and
direct our investments in futuristic technology like Auto drive cabs to gain more profits
neglecting the impact on communities’ high rate of unemployment or neglecting the
fact that only 30% of car owners work in hailing services in developed countries.
RedCab Vision
RedCab LLC team have seen a clear opportunity in the Peer 2 Peer transportation industry for a unique business model to balance business goals and customer needs, supported by a powerful technical platform.
Blockchain technology is considered the backbone of our business model from providing secured transactions and fast contracting; it perfectly blends with our business model to deliver to the world a decentralized and community managed transportation solution ready to serve individuals and support businesses.
An existing company since 2016 with tangible on-ground operations. Bringing a globally innovative solution through the Blockchain to an existing market need with $230 Billion annual demand.
A detailed roadmap, a working product with a dedicated and resilient team.
Redcab Team
TO GET MORE INFOMATION,YOU CAN FOLLOW BELOW LINKS
✅Telegram: https://t.me/RedCab_ICO
✅LinkedIn: https://www.linkedin.com/company/redcab
✅Twitter: https://twitter.com/redcab_llc
✅Medium: https://medium.com/redcab
✅Facebook: https://facebook.com/redcabeg
✅Reddit: https://www.reddit.com/u/Redcab_io
✅Website: https://redcab.io/
✅Whitepaper: https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf
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✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1700564