Chen Weixing, former founder of Chinese ride-hailing app Kuaidi Dache and CEO of the gaming app developer Funcity has revealed plans to build a blockchain equivalent to Uber.
This new platform was announced Sunday at a post-event function after the Guiyang BigDatat Expo. This platform will be developed in partnership with Yang Jun, co-founder of Meituan, one of the largest group discount apps in China, according to a WeChat post from Chen.
Although he did not disclose which blockchain platform would be used to develop the app or how he aims to counter blockchain's scalability issues, Chen's new project is notable given his background in developing applications around the ride-hailing use case.
Founded by Chen in 2012, Kuaidi Dache took off instantly in China to rival another ride hailing app called Didi Chuxing.
Both backed by venture capital and internet giants like Tencent and Alibaba, the two entered a bitter business war, subsidizing prices until they merged in 2014 to become the largest ride hailing app in China, keeping the name Didi Chuxing. The firm later pushed Uber out of China via an acquisition.
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