Drife

Introduction

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.

Why DRIFE

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”

Background

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.

For example:

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.

Solution

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.

Solution

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.

Solution

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 :

Governance

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.

Economics

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.

Technology

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.

ECOSYSTEM

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
product.

Drivers

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.

Commuters

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

• Safety

• A preferred list of Drivers

• Community Support

Developers

It incentivizes developers to create useful tools and features to expand the platform’s economy.

• Bug and security bounties incentives.

ICO Details

General Information

Token: DRF

Platform: Ethereum

Standard: ERC-20

Number: 325 million DRF

Price: 1 DRF = 0.23 USD

Payment: ETH

Soft cap: 32.5 million DRF

Hard cap: 162.5 million DRF

KYC: Yes

Preico

Number: 32.5 million DRF

Start: 10.12.2018

End: 31.12.2018

Ico

Number: 130 million DRF

Start: 01.01.2019

End: 28.02.2019

ROADMAP

Q1-2018
IDEA Platform idea decentralized taxi transforming ideas into business plan development community

Q2-2018
Design site Creation List of Drife indices for EOS and other EOS projects social media profiles

Q3-2018
Preperation Listing Technical Architecture Drife at EOS Blockchain

Q4-2018
ICO Preperation Pre-sale demo version of Dapp Drift campaign

Q1-2019
Pre-launch and data exchange Beta version launch Dapp & Drife Exchange lists

Q2-2019
Dreef to live-Phase 1

Q3-2019
Dreef to live-Phase 2

Q4-2019
Drife will come out in Phase 3

Q1-2020
Growing all over the world advanced technology

TEAM

Firdosh Sheikh
Co-Founder & CEO

Surya Ranjith
Co-Founder & CFO

Abhijit Roy
CTO & Architect

Mario Pacudan
Chief Marketing Officer

Arpit Sharma
Chief Operating Officer

Andrew Willis
Chief Strategy Officer

Debraj Ghosh
IT Infra Consultant

Mudit Marda
Lead Blockchain Developer

Abhilash Verkey
Marketing & Research

Emmanuele
Content & PR

Syed Adil Nawaz
Product Designer

Samarth jain
Legal & Compliance

More information contact :
Website : http://drife.one/
Lightpaper : https://www.drife.one/wp-content/uploads/2018/10/Drife-Lightpaper.pdf
ANN: https://bitcointalk.org/index.php?topic=5027608.0
Facebook: https://www.facebook.com/drife.official/?ref=br_rs
Medium : https://medium.com/@drife_official
Linkedin: https://www.linkedin.com/company/drifeofficial/
Twitter: https://twitter.com/Drife_official
Telegram: https://t.me/drife_official
Youtube : https://www.youtube.com/channel/UC6hDbqlihawJTGlmYa4P2Tg
Author : Upik05
Telegram : Upik05
BTT username : upik05
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2205131
Address wallet
0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c4

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