DRIFE: NEXGEN DECENTRALIZED RIDE HAILING PLATFORM

th3-k1n6 (-1)(1)in #drifebounty • 5 years ago

INTRODUCTION
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. Ride-hailing platform has created a new paradigm for the ride-hailing industry. Drife are the first platform in this niche to express the full features of the decentralized ridehailing economy.

WHAT IS DRIFE ?
DRIFE is a completely decentralized ride-hailing platform powered by the EOS blockchain with the intent of empowering value creators within our ecosystem – these include the drivers, riders, and community developers. DRIFE plans to disrupt the existing business model and remove the corporate intermediaries involved in the transactions. What we’ve created in the DRIFE ecosystem is a new paradigm for the ride-hailing industry. Drife are the first platform in this niche to express the full features of the decentralized ride-hailing economy. 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.
PROBLEMS
Centralized
There are many problems with this infrastructure type, namely exploitation in the name of the commission, data breach and high level of government control to a central authority
Unsustainable Driver Income
Existing aggregators increased their commissions to 20-30% of the trip value from an initial range of 15-18%. Some drivers end up losing money after insurance, maintenance, and other costs, according to a study raising concerns over labor standards
Lack Of Loyalty From Commuters

Surge Factors:
The prices per taxi ride for hailing a taxi has become more expensive these days, and thus Commuters look for alternatives. The ultimate aim of any ride-sharing organization is to create a loyal customer for a long term. Practices like “Surge Pricing” are becoming infamous among the customers.
Bad Service Reputation:
Recently, there have been reported cases of numerous abuse of privileges and rights. In one scenario a cab driver under one of the reputable ride-hailing platform was allegedly caught beating up a passenger. On the other hand, there are also few cases of passengers attacking drivers too due to bad services rendered.
Lack Of A 3-Way Incentivized Economy
Most attempts to create a blockchain solution to the problems above, end up leaving other value creators ignored. This makes them unwilling to participate in the building of the ecosystem.

SOLUTIONS
Decentralized Platform
Decentralization aims at shifting the focus from a central authority to the driver partners. With the power of the Blockchain technology, the DRIFE platform strives to bring a new paradigm to the ride-sharing scenario 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's fare, cybersecurity and transparent governance.
Sustainable Driver Income
The DRIFE platform is developed with the intention of solving the current concerns in the drivers’ community, alongside enhancing the quality of rides for the customer.
Drivers are given incentives to introduce new drivers to the DRIFE platform; which will in turn help to form a social community of drivers, owned by the drivers themselves. The result is a disintermediation of payment to any intermediary between the driver and the customer. This will inspire the new drivers to recommend other drivers until a critical number of drivers as defined by the network are present on the DRIFE platform.
Transparency
Blockchain implementation creates a fully auditable and valid ledger of transactions that is indelible and unforgeable. With a user-friendly interface to access the same, transparency in payments and fare calculations can be achieved.
Badge of Honor
Unlike the rating and evaluation systems employed by incumbent players, DRIFE brings in an innovative and holistic approach to gauge the services provided by drivers and reward them accordingly

ARCHITECTURE
The DRIFE architecture incorporates the Governance, Economics, and Technological (GET) infrastructure model to solve all the problems within the ride-hailing industry. The GET model encompasses a wide array of autonomous solutions, and fused with blockchain characteristics, it becomes a powerful disruptive tool within the industry.
FEATURES OF PLATFORM
No Commission
DRIFE aims at shifting the focus from the existing commission-based platforms to a decentralized network with a new economic model, where 100% of the fare paid by ‘commuter’ goes directly to the ‘Drivers’.
Incentivise Social Platform
DRIFE provides additional incentives to its network users contributing towards the platform’s betterment through social interaction and network building.
Governance
DRIFE believes in a democratic engagement of network participants towards financial and operational decision making for the platform.
Safety
DRIFE values the safety of the commuters and endeavours to carry out multiple security checks on the drivers before on-boarding and whilst in service. DRIFE also provides infrastructure for broadcasting Emergency SOS signals within the community to solicit help.

Sustainable Driver Income

Our aim is to eliminate excessive transaction fees, reduce censorship (reduce interference from DRIFE side) and redistribute value back to the community, enhance transparency and return governance responsibilities back to the community.

The DRIFE platform is developed with the intention of solving the current concerns in the drivers’ community, alongside enhancing the quality of rides for the customer.

Drivers are given incentives to introduce new drivers to the DRIFE platform; which will in turn help to form a social community of drivers, owned by the drivers themselves. The result is a disintermediation of payment to any intermediary between the driver and the customer. This will inspire the new drivers to recommend other drivers until a critical number of drivers as defined by the network are present on the DRIFE platform.

Transparency

Blockchain implementation creates a fully auditable and valid ledger of transactions that is indelible and unforgeable. With a user-friendly interface to access the same, transparency in payments and fare calculations can be achieved.

Badge of Honor

Unlike the rating and evaluation systems employed by incumbent players, DRIFE brings in an innovative and holistic approach to gauge the services provided by drivers and reward them accordingly.

Why ICO?
The aim of the Drife ICO is to create the blockchain-based taxi platform and provide the capital that will enable Drife, as a taxi service company, aims to develop a platform and to compete on same terms with existing global taxi platforms.

ICO Tokens Details
Tokens Offered :163M
Soft Cap (Public ICO) : DRF 4M
Hard Cap : DRF 39 million
Private Sale : 20th October 2018
50% : $0.13/token
Pre-Sale : 10th of December 2018
20% Bonus : $0.20/token
ICO-Sale 1 : 1st of January 2019
15% Bonus : $0.21/token
ICO-Sale 2 : 1st of February 2019
10% Bonus : $0.23/token
Token Allocation Forecast
Distribution

Funding Allocation

The Roadmap
Q1 - 2018

Platform Idea
The idea of Decentralized Taxi
Conversion of idea into Business Plan
Community Development
Q2 - 2018

Design
Website launch
Listing of Drife to EOS index & other EOS projects
Social media profiles
Q3 - 2018

Preperation
Listing Drife
DRIFE Technical Architecture on EOS Blockchain
Q2- 2019

Launch
Drife to go live - Phase 1
Q1 - 2019

Pre Launch & Exchange Listing
Beta version of Dapp & Drife launch
Exchange Listings
Q4 - 2018

ICO Preperation
Pre-sale
Demo version of Dapp
Drife campaign
Q3 - 2019

Phase 2 Launch
Drife to go live - Phase 2
Q4 - 2019

Phase 3 Launch
Drife to go live Phase 3
Q1 - 2020

Expansion
Growing Globally
Enhance Technology
Token Allocation Forecast

Movement: Overall, 325,000,000 tokens will be released. The hard best of the tokens accessible to be obtained is 60%. The remaining portion of total delivered tokens will be parceled among the Private arrangement (10%) Social Incentive (10%), Development pool (5%), Team people (5%) originator (10%), bounties and Airdrop (3%), Referral, Rewards and Bonus-5%, Advisory (2%).

Financing Allocation: All benefits contributed as a segment of the pre-arrangement will be used for development, testing and entry of Minimum Viable Product(MVP). In addition, these advantages will be used to help arrange building endeavors. Resources contributed as a part of ICO will be spent on uncovering the last type of the stage and its standard choice. Zones on which ICO resources will be spent join thing upgrades (checking bug bounties), untouchable audits, testing, displaying and puts something aside for any possible potential outcomes. Separate of advantages that will be spent on each district can be found in the offered framework to the other side.

THE TEAM

Firdosh Sheik: Co-Founder and CEO

Surya Ranjith: Co-Founder and CFO

Abhijit Roy: CTO and 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 and Research

Emmanuele: Content and PR

Syed Adil Nawaz: Product Designer