CarTaxi is a blockchain platform based on Ethereum. The platform brings together tow trucks into an online network for faster, safer vehicle transportation. Here’s our review.
What Is CarTaxi?
We’ve seen blockchain technology revolutionize a number of industries – including cryptocurrency and online advertising. CarTaxi wants to bring blockchain technology to a new world: the world of tow trucks.
Found online at CarTaxi.io, the Ethereum-based platform provides first of its kind automated service for car towing. It brings together all tow trucks into one online network to provide fast and safe vehicle transportation anytime, anywhere.
To get started, you just need to download the mobile app. That mobile app is available for free for Android and iOS (you can download it today). However, today’s mobile app is not built on the blockchain. CarTaxi is currently launching an ICO and expects to add blockchain functionality before the end of 2017.
So far, CarTaxi has 21 cities in its network and over 18,700 registered clients. They also have 5100 available suppliers and a 14 minute estimated time of arrival. They claim to have partnerships with 50% of all Russian tow truck operators.
Let’s take a closer look at how CarTaxi works.
How Does CarTaxi Work?
CarTaxi organizes two parties into a single marketplace: tow trucks and people who need vehicle towing. Here’s the basic process by which CarTaxi works:
Step 1) Download the application onto your smartphone
Step 2) Enter information about your vehicle
Step 3) Choose whether you’re paying with card or cash
Step 4) The system will choose a suitable tow truck based on your car’s weight, clearance, and damages
Step 5) With two swipes, the order is completed; drivers know the ETA and cost prior to ordering
Step 6) Once you tap the “Create Order” button, the closest tow truck is on its way
CarTaxi functions similar to Uber for tow trucks. You find yourself needing a tow truck on the side of the road. You pull up the app, request a tow truck, view pricing details, then accept the ride for your vehicle. That’s it.
How Will CarTaxi Use Blockchain Technology?
Today, CarTaxi is a working app available for free online for iPhones and Androids. However, the app isn’t currently built on the blockchain. The company is preparing to launch its app onto blockchain technology before the end of the year. Specifically, CarTaxi plans to use the Ethereum blockchain and its smart contract system.
What’s the point of adding blockchain to CarTaxi? Here are some of the advantages:
- Registering accounts of contracts and partners
- Registering customer accounts
- Setting up orders and managing their lifecycle
- Implementing mutual settlements with contractors and partners
Like other blockchain technologies, CarTaxi plans to take advantage of advantages like decentralization, immutability, transparency, speed, and low fees.
We’ll talk more about the CarTaxi token (CTX) below.
Who’s Behind CarTaxi?
CarTaxi is led by CEO Taras Semenov, CIO Alexey Tayanchin, CFO Gala Kovaleva, and CMO Ksenia Moller. So far, the company has rolled out its service to 20+ cities worldwide, including in Russia, China, and the United States.
The company first built the software in 2016, launching alpha and beta versions of their application. By Q2 2017, they had launched in the Russian market and begun successful operation. Today, they claim to be used by 50% of all towing companies in Russia. They’re also actively partnering with towing companies in China and the United States.
In Q3 2017, the company is leading its pre-ICO and ICO while continuing to build partnerships in Russia, China, and the United States.
Right now, the CarTaxi platform doesn’t use blockchain in any way. However, the company plans to incorporate blockchain functionality before the end of Q4 2017. In 2018, they hope to expand to India and South America while conducting European and worldwide expansion throughout 2019 and 2021.
CarTaxi is based in St Petersburg, Russia and maintains an office in Hong Kong.
The CarTaxi Token Sale
The CarTaxi token sale is taking place throughout August and September. CTX tokens will be used to participate in the CarTaxi ecosystem. 100% of CarTaxi tokens represent 100% ownership of CarTaxi.
Tokens will be used as a method of payment within the service (it also accepts fiat currency or cryptocurrencies like bitcoin and Ether).
A total of 500,000,000 CarTaxi tokens will be available for sale in two tiers (66% of total supply). The tokens will be sold in a pre-ICO and an ICO. There will be a total supply of 750,000 CTX tokens.
CarTaxi is a working service available today through the Google Play and iTunes App Stores. It’s kind of like Uber – but for tow trucks. You use the app to request a ride for your broken-down vehicle. You enter your vehicle’s information into the app, then the app sets you up with a nearby tow truck driver. You can see the price of towing before you accept the ride.
Right now, CarTaxi claims to have partnered with 50% of tow truck operators in Russia. They’re seeking to expand across China and the United States in the near future, with worldwide expansion planned shortly after.
CarTaxi is not currently built on blockchain technology. However, the company is launching its token sale over August and September, and will incorporate blockchain technology into its platform before the end of the year.
To learn more about CarTaxi and how the company plans to change the tow truck industry, visit the platform online today at CarTaxi.io.