DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering value creators within our ecosystem – these include the drivers, commuters, and community developers. DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions. Our ride-hailing platform has created a new paradigm for the ride-hailing industry. We are the first platform in this niche to express the full features of the decentralized ride-hailing economy. With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ride-hailing platform and solve the horde of issues that have emerged from the current model of centralized business. The growth of the platform not only contributes to the objective of DRIFE but also enhance the overall value provided to all the stakeholders concerned like driver’s income, commuters fare, cybersecurity and transparent governance.
In less than a decade, over 1600+ cryptocurrency platforms built on the premise of the blockchain technology now exist. New startup enterprises, great innovative technologies, and improved scalability features from the original blockchain have elicited awe. However, more than 90% of these projects lack practical application or utility. Most of them are created as sub-chains or sidechains leveraging the power of more efficient systems. Despite the opportunities being accorded by the blockchain enterprise, adoption for most of these platforms is still out of reach because:
“Not many real-world use cases have been fully disrupted”
It was in 2009 that the traditional taxi industry got disrupted by a company called Uber. It was an innovative idea of connecting the passengers and drivers through a platform. During the following years, other companies appeared in countries like Ola in India, Didi in China, Grab in Singapore, Careem in Dubai and so on.
What will DRIFE Solve
The problem, is that existing models lack many of the functions that DRIFE will incorporate within our platform.
Problem Cost: The main aim of any rid-sharing organization is to create long term loyal customers. For a long time, prices have been surging and currently up to 25 percent commission can be charged by a taxi service. Passengers and drivers have been searching for alternatives.
Using blockchain technology DRIFE will create a fully transparent auditable and immutable ledger of transactions with a friendly user interface to access all the data of fare payment details.
Problem Bad Service: A good reputation is essential for a company to survive and in this industry, passenger safety is the most important aspect. There have been incident reports where actual physical abuse has taken place by both the driver and passenger.
All DRIFE customers will be able to view full driver details including comments and feedback by other passengers. All the comments and journey experience will be stored n the distributed ledger. The DRIFE mobile app will incorporate a unique ‘SOS’ call function for emergency any situations.
Problem A Centralized service: Apart from a high level of government control, there are other problems associated with a fully centralized service of this nature. These include exploitation of commission charges and personal data breeches also with the risk of identity theft.
DRIFE addresses these problems with a unique system where driver income, the passenger’s fare and the total commission is transparently stored. Within our own governance, we will ensure that the latest cyber-security systems are in place to protect our customer data.
Our Architecture: The GET model
Built over the EOS blockchain, our architecture leverages three unique properties of the parent chain :
Every nation has their laws/rules written on the constitution. Any change to the constitution can only be done by the representatives elected by the citizens. DRIFE believes in a democratic voting mechanism depending on the number of tokens staked at that moment. More the tokens staked, higher is the weightage of voting. This is followed during any decisionmaking.The voting should not be influenced by any campaigning like activities for a decision, violating the constitution’s laws.
It encourages active participation from the community members towards contribution by incentivizing them proportionately.Monetary interest would keep the drivers active all the time. For a
driver, the incentive (in DRF token) is additional to the fare-perride.On the other side, the rider shall pay the fare either in DRF token or other token/currency. If the fare-payment is done in DRF
token, then the incentive (in DRF token) is rewarded based on the rider’s behavior for that ride. DRIFE-Economics has tokenallocation program to incentivize the discussions among the drivers and passengers on social platform for lifetime. This would help in bettering the platform through highlighting the flaws and finding a good solution relatively.
It plays the role of an infrastructure available for drivers and Commuters to exchange rides. And Blockchain is the medium to achieve decentralization on DRIFE platform. All forms of request
are executed through different contracts like payment, rideaccess.As the platform scales among users in the market, there is going to be huge amount of data generated, stored on EOS. The
need of recommendation would grow rapidly which can be handled very easily using Artificial Intelligence (AI), Machine Learning (ML) models. Eventually, DRIFE would be an amalgamation of Blockchain and AI technologies.
VALUE CREATORS & EXTRACTORS A 3-Way Incentive Ecosystem
Our platform is designed to reward contributors with incentives towards the development of the ecosystem. Through the DRIFE architecture, we are able to completely offer the best service practice to enable all stakeholders in our economy to derive maximum utility satisfaction from our
It empowers the drivers in our ecosystem to receive the complete fare paid by the passengers because of our ‘no commission’ feature.
• Stable and sustainable Income
• No Commission pay-out
• Network Building and passive income generation.
It empowers the rider through our dApp to have the best experiences per ride both in terms of platform multiple-option features and during their journey.
• Economical Fares
• A preferred list of Drivers
• Community Support
It incentivizes developers to create useful tools and features to expand the platform’s economy.
• Bug and security bounties incentives.
Number: 325 million DRF
Price: 1 DRF = 0.23 USD
Soft cap: 32.5 million DRF
Hard cap: 162.5 million DRF
Number: 32.5 million DRF
Number: 130 million DRF
IDEA Platform idea decentralized taxi transforming ideas into business plan development community
Design site Creation List of Drife indices for EOS and other EOS projects social media profiles
Preperation Listing Technical Architecture Drife at EOS Blockchain
ICO Preperation Pre-sale demo version of Dapp Drift campaign
Pre-launch and data exchange Beta version launch Dapp & Drife Exchange lists
Dreef to live-Phase 1
Dreef to live-Phase 2
Drife will come out in Phase 3
Growing all over the world advanced technology
Co-Founder & CEO
Co-Founder & CFO
CTO & Architect
Chief Marketing Officer
Chief Operating Officer
Chief Strategy Officer
IT Infra Consultant
Lead Blockchain Developer
Marketing & Research
Content & PR
Syed Adil Nawaz
Legal & Compliance
More information contact :
Website : http://drife.one/
Lightpaper : https://www.drife.one/wp-content/uploads/2018/10/Drife-Lightpaper.pdf
Medium : https://medium.com/@drife_official
Youtube : https://www.youtube.com/channel/UC6hDbqlihawJTGlmYa4P2Tg
Author : Upik05
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