RedCab Review

Blockchain technologies are actively spreading and improving in the modern world. Their diversity and comprehensiveness are striking. Many people are beginning to wonder: “how soon will a person's entire life take place in the Blockchain format?”. The Blockchain also captures the market of transport services at a rapid and confident pace. Meet RedCab — taxi a new generation that came about in the year 2017 in Egypt. Like all Blockchain-based projects, RedCab releases its tokens, has certain features and a specific implementation mechanism.
It is worth remembering how recently the famous company for taxi transportation Uber staged an unpleasant price coup that caused mass discontent on the part of drivers. Drivers are in a very disadvantageous position, which is already deteriorating due to rising prices for fuel and insurance services, you also need to remember about the planned and unscheduled repairs carried out on a particular vehicle.

The principle of operation of RedCab

An ecosystem is being created that operates on a decentralized basis and provides favorable conditions for all its participants when making trips. There is a single service for working with customers (taxi companies) and customers (passengers), within which it is also possible to rent vehicles or choose any other services in the transport sector.
Through the app or using the full version of the platform a person orders a trip. The trip is paid for by tokens held by this passenger. In case of any problems, the passenger can open a dispute, outlining all the details of the situation. If the driver does not receive a fare from the passenger, then in the course of an open dispute all the circumstances are clarified, a fine is imposed on the guilty person, and the amount of e-money due is paid.
What are the challenges facing the RedCab platform?
Let's list the main tasks that this project will try to solve in its activities:
— establishment of a stable pricing policy in the sphere of taxi companies;
— protection of driver and passenger interests;
— the quality of the provision of the passenger services;
— the variety of transport services depending on the needs of passengers;
— getting drivers a good income on the basis of each of the trips;
— the proliferation of cryptocurrency.

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