DRIFE - Nex-Gen Ride Hailing Platform

Hello everyone, this new post I want to introduce about a very interesting and good project that is Drife, and for more details, let's just go to the following discussion:

About Drife

DRIFE - NexGen decentralized ride-hailing platform powered by EOS blockchain, empowering both drivers and riders.

What are the problems?

Centralization: The problem percolates, as taxi aggregators and ride-hailing platforms rely on a centralised system for their transport model. With centralization, the growth stifles and the control converges to larger corporations, thus creating a void of rights and less income for other value creators.

Low Driver Income: From the initial 15%-18% range, existing aggregators commission increases to 20%-30% of the trip value. This creates trouble for drivers who end up losing money on costs (insurance, maintenance and others), leading to concerns over labour standards and drivers competing frantically for every ride to make a living.

Surge Factor: With high demand and low supply surge pricing becomes infamous amongst customers. Sometimes these charges are too expensive, leaving customers dissatisfied with zero alternatives.

No 3-way Incentives: With attempts of creating a blockchain solution for the problems, other value creators get ignored and become reluctant to participate in the ecosystem. This rippling effect concerns sustainability with many platforms having minor differences.

What is the solution?

No Commission: Shifting the focus from the existing commission-based platforms to a new economic model, where 100% of the fare paid by ‘Commuters’ goes directly to the ‘Drivers’.

No Surge Price: An ecosystem with 'No Surge Price' model to sustain the rider's loyalty and create sustainable income for drivers by paying them additional incentive during surge time.

Badge of Honour: Unlike the rating and evaluation systems employed by incumbent players, we bring in an innovative and holistic approach to assess the services provided by drivers and reward them subsequently.

Incentive for All: Provides additional incentives to its network users contributing to the platform’s betterment through social interaction and network building.

Payment Processing Flow

DRIFE will allow payments via cash, cards, and DRF tokens. This gives the commuter access to different payment options and choice. For every trip, the fare is paid 100% directly to the driver and thus, ensures that DRIFE has no hidden cost, charges or commission. This 100% fare payment to the driver offers major cost benefits when compared to competing ride-hailing systems, and returns all revenue back to the community where it belongs.