Sponsored: The DRIFE Platform Aims to Disrupt the Transport Sector

Latest News | Reviews | Technical Analysis

DRIFE, a solution to centralized ride-hailing

Drife.one introduces the DRIFE platform, a decentralized transport ecosystem powered by the blockchain. DRIFE’s objective is to disrupt the existing ride-hailing business model and eliminate the corporate intermediaries involved in the transactions. It’s also a system designed to empower the value creators of the ride-hailing ecosystem. In the emerging market of private transport services, these value creators include drivers and community developers.

Private transportation platforms have created a new paradigm for the industry. Unlike the taxi industry, the type of customers has changed. The current obsolete taxi model has been a hot topic in Spain (still an unresolved conflict) and also in many other areas. The basic needs may not have changed, however, our specific needs do.

Technology has created new emerging markets, new needs and therefore new niches. However, in this comparative framework, traditional taxi systems have hardly changed their way of operating. At the same time, viable alternatives have varied the model in a scarce, insufficient way.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

 

Advantages of the DRIFE platform over the current model

Taxi companies regulated by states or transport authorities have evolved very little. This has made things difficult, the scant adaptation of the business model for all parties is clear. This leads to various problems, income gains minimized under pressure, drivers suffering from strict labor policies, and to top it all, this added to slow and expensive bureaucracy. Thus we find several points to review.

Generally, the major value creators in the transport service chain are oftentimes taken for granted which makes the problem linger and complex even more.

DRIFE is focusing its efforts on changing the trend by creating a global standard service capable of restructuring the ride-hailing ecosystem within the transport sector. This is where the advantage of blockchain technology comes in. Once introduced, it is capable of disrupting systems and restoring balance to the economic system.

Competition within the ecosystem may already be fierce as leading industry giants like Uber have far reaching market influence. However, the advantage DRIFE holds lies heavily on its decentralized

methodology and governance structure based on the blockchain technology, which is expected to accelerate DRIFE’s objectives once it enters the market.

 

 

The model proposed by the DRIFE platform

In the initial stage, one of the incentives introduced will play an important role. Nowadays, in many real scenarios, drivers see their own colleagues as direct competition. This breaks collaborative community relations, disempowering its members as a final result. Drivers in DRIFE’s ecosystem receive incentives for introducing other drivers to the platform, thereby fostering the growth of the service.

At the same time, it creates synergies for community building among drivers, an essential part for the creation of value and consensus. Since payments for service on the platform is conducted via peer-to-peer (P2P), intermediaries are eliminated alongside their unreasonable commissions.

This is by nature an improvement of the service, including social benefits. Better insurance associated with vehicles is a case of social benefit (for all parties), and is only possible in a scenario in which the driver can afford to pay. Empowering the driver, again, results in better service and better legal coverage for the parties.

As it is well stated in the Drife.one whitepaper, ride-hailing is essentially a cloud-based business. Unlike the traditional taxi industry, the successes of these platforms depend to a large extent on user experiences (UX) and the design of the user interface (UI). Two very complementary elements that play important roles in any ride-hailing platform.

Drivers and passengers are two essential parts without which the business model would not make sense. However, everything works well thanks to the diligent efforts of the developers. This completes the circle. In a consolidated digital revolution, developers are vital for everything that happens “behind the scenes” materialized without influencing the final experience consciously for the user. Everything on the platform should always work seamless as far as the end users are concerned.

 

The importance of developers in the new digital era

The developers, on the DRIFE platform, have the potential to create useful facilities within the application. This tends to improve the riding experiences, and therefore, optimize the ecosystem. Developers can also detect and correct mistakes, unfortunately, on the developer’s side, this is often overlooked.

In a case where the development of displacement / transport applications is outsourced, it is easy for developers to decide not to intrude. Sometimes, once the deadlines are met and the product is delivered, the relationship is cut off imminently. Generally, the fact is simply due to a lack of motivation.

The DRIFE Platform Aims to Disrupt the Transport Sector

 

DRIFE, a solution to centralized ride-hailing

Drife.one introduces the DRIFE platform, a decentralized transport ecosystem powered by the blockchain. DRIFE’s objective is to disrupt the existing ride-hailing business model and eliminate the corporate intermediaries involved in the transactions. It’s also a system designed to empower the value creators of the ride-hailing ecosystem. In the emerging market of private transport services, these value creators include drivers and community developers.

Private transportation platforms have created a new paradigm for the industry. Unlike the taxi industry, the type of customers has changed. The current obsolete taxi model has been a hot topic in Spain (still an unresolved conflict) and also in many other areas. The basic needs may not have changed, however, our specific needs do.

Technology has created new emerging markets, new needs and therefore new niches. However, in this comparative framework, traditional taxi systems have hardly changed their way of operating. At the same time, viable alternatives have varied the model in a scarce, insufficient way.

 

Advantages of the DRIFE platform over the current model

Taxi companies regulated by states or transport authorities have evolved very little. This has made things difficult, the scant adaptation of the business model for all parties is clear. This leads to various problems, income gains minimized under pressure, drivers suffering from strict labor policies, and to top it all, this added to slow and expensive bureaucracy. Thus we find several points to review.

Generally, the major value creators in the transport service chain are oftentimes taken for granted which makes the problem linger and complex even more.

DRIFE is focusing its efforts on changing the trend by creating a global standard service capable of restructuring the ride-hailing ecosystem within the transport sector. This is where the advantage of blockchain technology comes in. Once introduced, it is capable of disrupting systems and restoring balance to the economic system.

Competition within the ecosystem may already be fierce as leading industry giants like Uber have far reaching market influence. However, the advantage DRIFE holds lies heavily on its decentralized methodology and governance structure based on the blockchain technology, which is expected to accelerate DRIFE’s objectives once it enters the market.

 

 

The model proposed by the DRIFE platform

In the initial stage, one of the incentives introduced will play an important role. Nowadays, in many real scenarios, drivers see their own colleagues as direct competition. This breaks collaborative community relations, disempowering its members as a final result. Drivers in DRIFE’s ecosystem receive incentives for introducing other drivers to the platform, thereby fostering the growth of the service.

At the same time, it creates synergies for community building among drivers, an essential part for the creation of value and consensus. Since payments for service on the platform is conducted via peer-to-peer (P2P), intermediaries are eliminated alongside their unreasonable commissions.

This is by nature an improvement of the service, including social benefits. Better insurance associated with vehicles is a case of social benefit (for all parties), and is only possible in a scenario in which the driver can afford to pay. Empowering the driver, again, results in better service and better legal coverage for the parties.

As it is well stated in the Drife.one whitepaper, ride-hailing is essentially a cloud-based business. Unlike the traditional taxi industry, the successes of these platforms depend to a large extent on user experiences (UX) and the design of the user interface (UI). Two very complementary elements that play important roles in any ride-hailing platform.

Drivers and passengers are two essential parts without which the business model would not make sense. However, everything works well thanks to the diligent efforts of the developers. This completes the circle. In a consolidated digital revolution, developers are vital for everything that happens “behind the scenes” materialized without influencing the final experience consciously for the user. Everything on the platform should always work seamless as far as the end users are concerned.

 

The importance of developers in the new digital era

The developers, on the DRIFE platform, have the potential to create useful facilities within the application. This tends to improve the riding experiences, and therefore, optimize the ecosystem. Developers can also detect and correct mistakes, unfortunately, on the developer’s side, this is often overlooked.

In a case where the development of displacement / transport applications is outsourced, it is easy for developers to decide not to intrude. Sometimes, once the deadlines are met and the product is delivered, the relationship is cut off imminently. Generally, the fact is simply due to a lack of motivation.

The model of this project offers an incentive model for developers, which in turn amplifies their worth within the value chain. This is one of the core advantages of the DRIFE platform – an inclusive model for all parties based on the long-term vision.

 

The IEO token is now available with four bonus stages

In the case of the IEO token, the acquisition stages for early investors are four. After completing the first phase of the four stipulated (the private sale), the IEO token can be purchased now. Currently it is in its second stage (presale).

 

The base value set without bonuses is $ 0.25. Those interested in participating get a bonus of 20% (price of the IEO token during said bonus, $ 0.20 / token) during the remaining period of phase 2; which ends at the beginning of March, giving way to the next phase (Sale 1) on March 10. During sale 1 (third phase) the bonus period will be reduced by 5%. In this way, sale 1 is subject to a + 15% bonus on the fixed base price. Finally, the last bonus period begins on April 10; during the last period (sale 2) the acquisition of tokens will be rewarded with an extra 10%.

 

If you want to know the aspects of the project in much more detail, we invite you to review the public documents about the DRIFE project. You can find much more extensive information, such as the distribution of the funds collected in the whitepaper. Related market studies and all kinds of details are also available on their website.

 

 

Website & Official links – DRIFE (IEO)

 

Official website – https://www.drife.one/
Connect with DRIFE – https://t.me/Drife_officialchat
Follow DRIFE in Twitter – https://twitter.com/Drife_official
DRIFE official Facebook – https://www.facebook.com/drife.official/
Profile & posts inside – https://medium.com/@drife_official
Whitepaper – https://www.drife.one/wp-content/uploads/2019/02/Drife-Whitepaper-v1.2.pdf

 

Leave a Comment

Latest Crypto News

Marc Faber Buys Bitcoin for the First Time

Thailand based Swiss Investor, Marc Faber bought his first Bitcoin after admitting that he was very wrong about cryptocurrencies and blockchain technology. His premier interest of investment is emerging and frontier markets. One of the

Sponsored: The Aerum ecosystem, a market-oriented hub

                  The Aerum ecosystem offers a decentralized hub The Aerum ecosystem is presented to the crypto sector with a platform for the disruption of the sector. In itself, it resembles the increasingly common Hubs. A

Thai Approves its First ICO Portal

Late last year, Rapee Sucharitakul, secretary general of Thailand’s Securities and Exchange Commission revealed in a statement to local press that plans were underway to launch one ICO portal by the end of November and

SEC Declares Ethereum Not a Security

The news that the US SEC deemed Ethereum not a security is not surprising at all. Some may ask why this is so despite the fact that Ethereum is the best performing cryptocurrency with a

Crypto Updates

Fidelity Digital Launches Digital Assets Trading Fidelity Investments has been making plans to roll out a crypto asset platform to include trading for the top cryptocurrencies. In October, the company had said that it would

JP Morgan Issues Own Stable Coin – Review

Three weeks ago on Valentine’s Day, JP Morgan Chase launched their very own crypto coin, ‘JPM Coin’ the first of its kind to be backed by a major US bank. The banking giant has an

#Delete Coinbase Campaign

Coinbase, one of the largest crypto firms, has been under attack since they announced their acquisition of blockchain platform Neutrino on February 19th 2019. The protest from angry Coinbase subscribers comes up because of Neutrino’s

Sponsored: The DRIFE Platform Aims to Disrupt the Transport Sector

DRIFE, a solution to centralized ride-hailing Drife.one introduces the DRIFE platform, a decentralized transport ecosystem powered by the blockchain. DRIFE’s objective is to disrupt the existing ride-hailing business model and eliminate the corporate intermediaries involved

Coinbase CTO: Crypto is Entering the Tech Mainstream

Balaji Srinivasan, a prominent venture capital investor and the chief technical officer at Coinbase, said that crypto is entering the tech mainstream. “Sundar Pichai & Sergey Brin’s sons are both mining crypto; Facebook is doing blockchain; Square

Using Crypto to Take out a Real Mortgage on Virtual Land

Using Crypto to Take out a Real Mortgage on Virtual Land

It’s not Thursday, but this story sure feels like a throwback to headlines from last year’s cryptocurrency mania: crypto enthusiasts have begun using their tokens to take out real mortgages on virtual land. Decentraland &

Bitcoin Futures Volatility Hit Record Low in October

Bitcoin has been unusually stable in recent weeks, and the decrease in volatility has now reached historic levels in the futures markets. Bitcoin Volatility Hits Record Level in Futures Markets That’s according to Kevin Davitt,

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$4,031.33
-0.11%
2
Ethereum
Ethereum
$139.63
-0.69%
3
XRP
XRP
$0.3148
-1.02%
6
Bitcoin Cash
Bitcoin Cash
$161.00
2.12%
4
Litecoin
Litecoin
$60.358
-1.88%
11
Cardano
Cardano
$0.050421
0.05%
7
Stellar
Stellar
$0.1172
7.27%
17
NEO
NEO
$9.236
-0.87%
5
EOS
EOS
$3.748
-1.09%
14
IOTA
IOTA
$0.2956
-1.34%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK