I recall the days when we used to get to places via public transportation or using cabs hailed on-spot, with no prior notice. There used to be many local Travel Agencies around our neighborhood that let's hire a taxi, mini-van or some other vehicle but they always came with a driver. They'd never allow you to drive the vehicle. All this changed when private businesses like Uber and Ola entered the marketplace with their standardized fares throughout the nation and allowing anyone interested in being a taxi driver of types and letting them earn at any vehicle they had lying about. The premise was straightforward and worked wonders in each marketplace, be it a developing or developed one. It enabled us to hail a taxi from where we were without previous notice, helped save a lot of deliveries, getting incentives for utilizing their stage and offering coupons. However, we know that nothing is without its flaws and this version has its share of it also. Without the existence of too much competition, it becomes somewhat of a monopoly, with the costs getting fixed by leading players alone. This led to a decrease in local players that were previously providing the services for a much more affordable rate. This centralization contributes to sudden hikes in cost or them deciding when and where their services are available.

Furthermore, they tend to have a significant cut from the drivers charge for using the stage, and they can change this speed anytime they want and the majority of the time that the drivers tend to find a lower than fair share they were supposed to get. For quite a while, prices have been soaring, and now around 25 percent commission could be billed using taxi services. Passengers and drivers have been looking for alternatives. A good reputation is vital for a business to survive and in this business, passenger safety is the most crucial aspect. There have been incident reports where real physical abuse has occurred by both the passenger and driver. Besides a high degree of government control, there are additional issues associated with a fully centralized service of this sort. These include manipulation of commission fees and personal data breaches also with the danger of identity theft. DRIFE will disrupt current business models and take out the corporate intermediaries involved in trades. Our ride-hailing platform has created a new paradigm for the ride-hailing industry. We're the first platform in this market to express the complete features of this decentralized ride-hailing economy.

What is DRIFE?

DRIFE will enable both, passengers and drivers. The issue is that present models lack a number of the functions that DRIFE will incorporate within DRIFE platform. DRIFE is a decentralized navigation system that's supported by blockchain with the purpose of enabling value creators in our ecosystem - that includes drivers, commuters, and community developers. DRIFE plans to disrupt current business models and eliminate intermediaries of businesses involved in trades. DRIFE would be the first platform in this market to express the complete features of a decentralized journey market. With the ability of Blockchain technology, the DRIFE platform strives to bring a new paradigm to platforms that compete and resolve issues that emerge from the centralized business models. In under a decade, over 1,600 cryptocurrency platforms are based on the premise that blockchain technology today exists. New startup businesses, innovative technologies which are great, and improved scalability features of the first blockchain have generated admiration. However, more than 90 percent of these projects don't have practical applications or utilities. The majority of them are made as sub-chains or sidechains that use the energy of a more efficient system. Regardless of the opportunities offered by the blockchain business, adoption for nearly all of these platforms is still far from reach. DRIFE provides additional incentives to network users who contribute to platform improvement through social interaction and network growth. DRIFE believes in the participation of democratic community participants in financial and operational decision making for the stage. DRIFE respects the safety of commuters and strives to execute several safety checks on drivers before on-boarding and while in service. DRIFE also provides infrastructure for broadcasting SOS emergency signs in the community to ask support.

Advantages of DRIFE

DRIFE will produce a good driver community, and we'll introduce incentives for drivers that are going to have the ability to present different drivers into the DRIFE platform and community. Most of all, the developing driver community will be formed without the unnecessary need for an intermediary, leading to direct driver payments. Using blockchain technologies DRIFE will produce a fully transparent auditable and immutable ledger of transactions with a friendly user interface to get all the information of fare payment details. All DRIFE clients will have the ability to view whole driver details including comments and opinions by other passengers. All the comments and travel experience is going to be stored n the dispersed ledger. The DRIFE mobile program will include a distinctive'SOS' call function for emergency any scenarios. DRIFE addresses the issues with a special system where motorist earnings, the passenger's fare and the complete commission is stored. Within our governance, we'll make sure that the newest cyber-security systems are in place to protect our customer information. Others might use a a simple rating and analysis system but DRIFE will bring an innovative and holistic approach to estimate the services offered by drivers and reward them appropriately.

The DRIFE token (DRF) will be issued and saved on the EOS blockchain, and it'll be used on the stage by both passengers and drivers. Using the token will enable ease of use, evidence of journey purchase with proof of agreed expenses and will also add extra value for those utilizing the DRIFE platform. By way of instance, both the rider and driver can earn bonus tokens. This will be distributed in the kind of free miles for early adopters of the DRIFE Commuting APP. The DRIFE bonus token system will encourage loyalty from both drivers and customers. More future incentives are possible, and we'll always consider community benefits. When the ICO sale is made, the DRIFE utility tokens won't be just limited for services but are also available for trading on exchanges. An essential ICO sale is scheduled to begin on January 1st, 2019 where there will be a 15% bonus incentive. However, investors will have the opportunity of taking part in the pre-sale due to begin on December 20th, 2018 where there will be a fantastic 20% bonus on offer.

For more details and to keep up to date, please visit DRIFE web page and social media pages listed below :

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Author : thefuturecurrency