The best technology that has been ever introduced to us is the blockchain technology. Well, there are several reasons to that why blockchain is considered to be the best technology. Speaking of the blockchain, there is this new nexgen decentralized ride-hailing platform that has come up. The platform is known as Drife ad in this particular article are going to learn the details of it.
Drife in simple terms is a decentralized ride-hailing platform that is powered by blockchain technology. The platform seeks to empower the value creators and extractors that are there within our ecosystem. These include commuters, drivers and developers community. The main of Drife is to disrupt the existing business models and also to eliminate the corporate intermediaries that are involved in the transactions.
This particular platform has managed to create a new paradigm for the ride-hailing industry. This is actually the first platform in this particular niche which expresses the complete features of the decentralized ride-hailing economy.
How does it work?
This particular platform has been designed to reward the contributors with incentives towards the development of the ecosystem. With the help of the Drife architecture, the platform is able to completely provide the best service practice to allow all stakeholders in the economy to derive maximum utility satisfaction from their goods.
The platform also empowers the drivers in their ecosystem so that they can receive the full fare paid by the passengers because of the no commission feature. The platform also empowers the riders with the help of their application so that they can have the best experience per ride both in terms of platform multiple-option features and also during their journey. It also incentivizes the developers to create useful features and tools in order to expand the platform’s economy.
The platform also aims to shift the focus from the existing commission-based platforms to a decentralized network with a new economic model. Drife also offers additional incentives to the users of its network for contributing towards the platform’s betterment through network building and social interactions. Drife as a platform believes in the democratic engagement of network participants towards an operational decision and financial making for the platform. The platform also values the safety of the endeavors and commuters to carry out the multiple security checks on the drivers before.
The platform is known to make use of the Drife token. The DRF token is actually the utility token that is utilized by the platform as a currency that is used within the platform. The DRF token will be used to execute a ride, access loyalty rewards, payments and staking functions on the platform. The token is based on the ERC20 network.
Thus, from the above discussion, it can be concluded that Drife is a unique blockchain based platform which seeks to empower the value of extractors and creators within the ecosystem. You can also go through the whitepaper of the project in order to know more.