An overview of peer-to-peer ridesharing using blockchain
Blockchain technology can revolutionize the P2P ridesharing industry by creating a more equitable, secure and transparent system.
Ridesharing applications like Arcade City, DAV Network, Ridecoin, and Jolocom are a few examples of platforms using peer-to-peer ridesharing technology. They demonstrate the potential of blockchain technology to revolutionize the ridesharing industry and create a more efficient, transparent and secure platform for riders and drivers.
Arcade City is a decentralized ridesharing platform that uses blockchain technology to connect riders and drivers. The platform enables payments between passengers and drivers via smart contracts and offers post-ride customer ratings.
Using this blockchain-based platform, anyone may create and manage their own transportation services, including ridesharing, delivery, and logistics. By using blockchain technology, the platform facilitates safe, peer-to-peer transactions between users and drivers.
Ridecoin is a blockchain-based ridesharing platform that uses its own cryptocurrency, RideCoin (RIDE), to facilitate payments between riders and drivers. To guarantee that drivers and passengers are safeguarded during the transaction, the platform also uses smart contracts.
Jolocom is a blockchain-based identification platform that enables users to safely store and exchange their data, including their identity and payment information. This could potentially be used to enable a more secure and decentralized ridesharing platform in the future.