drife

DRIFE is a decentralized ride-hailing platform that utilizes blockchain technology with the aim of empowering value creators within their ecosystem, which include drivers, commuters, and community developers. DRIFE seeks to transform the existing business model and remove the corporate middlemen involved in the transactions.

The ride-hailing platform has brought a new paradigm for the ride-hailing industry. It is the first platform in that niche with full features of the decentralized ride-hailing economy. By utilizing the blockchain technology, the DRIFE platform will bring a new dimension to the ride-hailing platform and solve the many issues that arise from the current model of centralized business.

The growth of the platform not only contributes to the objective of DRIFE but also improves the overall value provided to all the stakeholders concerned such as driver’s income, commuter’s fare, cybersecurity, and transparent governance.

Why DRIFE?

In less than ten years, more than 1600 cryptocurrency platforms established on the premise of blockchain technology currently exist. The technology has inspired the creation of new startup enterprises, great innovative technologies, and improved scalability features.

However, more than 90% of the projects lack practical application or utility. Most of them are mere sub-chains and sidechains that leverage the power of more efficient systems. Adoption of these platforms is still absent, despite the opportunities that blockchain technology provides.

Payment Processing

DRIFE will enable users to use various methods of payment such as cash, cards, and DRF tokens. Users will have the freedom to utilize a payment option of their choice. For every trip, the drive gets 100% of the fare paid. This ensures that DRIFE has no hidden costs, charges, or commission.

The absolute fare payment to the driver comes with major cost benefits compared to competitors, and returns all the revenue back to the community where it belongs.

Major Components

  • No commission: DRIFE aims at shifting the focus from the existing commission-based platforms to a decentralized network with a new economic model, where Drivers will get a 100% of the fare paid by Commuters.
  • Incentive social platform: DRIFE provides additional incentives to its network users. This contributes to the platform’s improvement 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 is concerned about the safety of commuters and strives to implement multiple security checks on the drivers before on-boarding and even during the service. DRIFE also provides infrastructure for broadcasting Emergency SOS signals within the community to ask for help.

Why EOS Blockchain?

The DRIFE project chose to operate on the EOS blockchain, instead of other programmable blockchain platforms. The features of the EOS platform are helpful to the DRIFE project as follows:

  • Fare payment with zero transaction fee
  • It’s an added advantage for all the DRIVE users
  • Highest scalability with zero unconfirmed transactions

In addition to all the mentioned benefits, DRIFE has a strong team that it believes will help it achieve its ultimate objectives. The private sale is currently live and interested parties can join it here.

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