DRIFE: NEXGEN DECENTRALIZED RIDE HAILING PLATFORM

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.

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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.

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TOKEN INFORMATION
Drife token, DRF is a utility token that will also function as a currency within our platform. It will be used to execute ride payments, access loyalty rewards and staking functions on platform. After the ICO these utility tokens are not just restricted for services but also sold on exchanges. The Driver and commuters bonus tokens are to encourage loyalty from DRIFE customers, this will be distributed in form of free miles to the early adopter of DRIFE APP for commuting, and this is given to both commuters and drivers for adding new people to their network.

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