VV Go Ride-Hailing app in China to Use Blockchain For Increasing Passenger Safety
The Ride-Hailing App In China Aims At Increasing Passenger Safety With The Use of Blockchain Technology
One of the leading pioneers in the Chinese ride-sharing industry is going ahead to launch a blockchain based application, which has been designed to increase the safety of passengers and also be in a position to streamline the services that are being offered.
The news on the app development is very moving especially when it comes at a time when there was a second death of a passenger who was travelling in the domestic ride as they were hailing to the giant Didi.
Improvements Taking Place in the Ride-Hailing Services Would Have Prevented the Two Tragedies
Yet another tragedy has just hit the industry of ridesharing in China. As a passenger got sexually assaulted and killed while they were using one of the largest service providers of the ride-hailing services.
The early pioneers of the ride-sharing taking place in China firmly believe that the blockchain technology could go a long way in helping and also improving the safety of passengers. As a result, this should be in a position to reduce the incidents that are taking place, like the one that was reported on the South China Morning Post.
The blockchain based application is being launched by Andy Chen Weixing, it will be called the VV Go, one that will be able to improve the safety of the passengers significantly.
But this is not all as the app is also expected to increase the income earned by the drivers. The app will be the very first venture he has in the industry; this is ever since he was unfortunately forced out of his previous company, this was after a merger took place in 2015 with Didi Dache.
An Interview Was Started With Chen
He states that with the development of a good design of rules it should be in a position to help and in turn improve the safety of passengers. He further claims that the blockchain technology is the very thing that will be able to design the better rules to be applied in the industry.
What To Expect From The Application?
The first feature that will be incorporated into the app is the distress signal. With this feature implemented, it will allow a passenger to send out a call that will be able to alert the police and the other drivers in the event that there is an emergency. This is a beneficial feature, as the victim who was in the second tragedy had attempted to call a friend to get help as the situation was slowly starting to look suspect.
Chen will be building the application through a non-profit organization that is called VV Share.
The app will be designed to run on the blockchain technology and will be running on the same name. But Chen will not stop here as he plans on designing the same user experience, which will be provided by Uber and Didi. But this second application will be developed with some added benefits, such as increased efficiency and even transparency that will all be provided by the blockchain technology.
You should also expect to see the application taking advantage of the digital tokens. The VV Share application will be able to create about 100 billion tokens. It believes that around 80% of the tokens created will get distributed to the users and the rest of the tokens will be used as part of the founder’s reward scheme.
But the distribution plus the supply is still in discussions; it is yet to be finalized.
Since China forbids the distribution of digital tokens through the pre-launch sale, then the coins will not be disbursed through that formula that is used in an Initial Coin Offering.