Transportation is a massive industry, with customers historically searching for the most cost-effective, time effective and suitable mode of transportation. Traditional transportation service providers, such as taxi firms and the like, are often operating on a service proviso, that is, the profit benefits themselves, and they set the cost. Within today's integrated and cohesive world, the need is ripe for a service that not only benefits the service provider but also the customer, in a mutually beneficial process. Blockchain offers up these possibilities to all companies, and the time is right for a company to assume the protocol that comes with blockchain and create a fully cohesive, coherent and transparent platform that will benefit all who use it and also revolutionise the way in which the transportation industry exists. This is where RedCab neatly steps in.
RedCab has cohesively set out to increase the effectiveness of the results of what customers require and want, improve the issues that traditional Fiat-based companies have, and overall, create a cohesively affordable platform that ensures both profitability and affordability for all who use it. RedCab set out in their mission statement that they intend to add 20% profit for the drivers and their income and save customers 30% on what they pay in fares. Through their fully integrated and comprehensive mobile application, customers will have the ability to benefit from a multifaceted platform, accessible on Apple and Android, and be able to utilise the services of Car Hailing, Car Pooling, Hotel and Airport Transportation, Delivery Service and a Pickup service.
Customers and business owners will be able to not only utilise an on-demand feature, allowing for car-hailing and pooling, but a delivery feature, so food orders and pickup of items are available and able, and Scheduled trips, increasing usability for business owners and the layperson alike. Customers will benefit from this multi-layered platform, as it includes all features of travel and transportation that anyone would wish from a transportation based platform. The instant appeal of this platform is that its cohesive and real-time nature allows for customers to benefit from shorter waiting times, rewards with large trip numbers, low process and big saving, a wide variety of option s to find the best suited, and of course, the ability to earn tokens. On the other hand, Drivers will benefit from the increased earnings and profit margins afforded by the nature of the platform, be able to utilise flexible working hours, thus offering more fares when the time is right so to speak, and of course, like the customer, the ability to earn tokens.
RedCab has put a lot of thought into this platform, and it shows from what they are able to offer. RedCab offers its customers a selection of transportation modes, from an Economy Cab (affordable and economical) to a Luxury Cab (this incurs an increased fee), and through to a Family Cab option - this is increased in safety and suitability for families and a Red Cab. The red cab is the exciting future, as it will ensure its users pay a massively reduced fee, and the drivers will benefit from a rise in token rewards.
The platform runs through a GEO ADS feature, which is its main monetization pillar, so users will benefit from the product promotions through their mobile application, in an algorithm based feature that benefits them and the retailers. These are specifically tailored to the user through the blockchain technology that allows the utilisation of data sharing, and the increasing nature in which it is harvested and shared. The whole model is backed up by an AI-powered Road Assistant, that will continue and in real time analyse what each user requires and should see, increasing efficiency and the likelihood of marketing power. This platform has all the basis to become one of the truest decentralized models, through the blockchain, and fully intends to not only benefit the user but the customer as well.
RedCab intends to expand throughout towns and cities, utilising a 15% profit margin to fund the platform until they become fully decentralized, something that looks set to happen rapidly. As data input increases and the nature of the blockchain expands throughout the platform, the architecture of the platform will also shift to accommodate this and ensure that productivity, revenue and effectiveness will expand as the RedCab business model expands. Through their two-pronged approach, RedCab intends to firstly through Plan A, continue to utilise the revenue generated from drivers commission until the commission from the Geo Ads takes over, and then through Plan B, lower the commission based percentage as soon as the GEO AD stream picks up. This ensures not only the financial viability of the platform but increases its transparency and its sustainability.
Above all else, the very nature of this platform is one that fully embraces the global and network-based nature of the blockchain. On a global scale, this application looks set to revolutionise the often monolithic company based transportation networks, and swing the profit margin in the favour of not the one company, but the whole industry, customer and user alike. Through the use of social media and data sharing, RedCab is able to coherently analyse and utilise the data available to them, to create a layered data-based system, ensuring effectiveness and cost-effectiveness for all.
Excitingly, RedCab is offering up its AI-powered Road Assistant protocol, called Cabbi. This [prptpcop; utilises all of the aforementioned data and data collation to ensure that the protocol itself becomes a digital and personal assistant to anyone within the transportation industry. The rewards garnered from the protocol is able to be stored as smart contract formats in Token based Wallet systems, as with all blockchain technology. The dApp behind the platform will also continue to effectively and coherently allow the platform to succeed through the peer-to-peer network, and thus absent form a singe based authority protocol. Through PROOF OF WORK, the drivers will benefit from being able to garner tokens and profit by having their data collated through the Application being open as they work. The whole model cohesively rewards its users and benefits the community as a whole, eliminating the traditional; fiat based company protocol in one fell swoop. The REDC token looks to benefit all who use it.
As a cryptocurrency and blockchain enthusiasts, I am extremely excited to see such a cohesive, coherent and mutually beneficial platform such as RedCab emerge. The very nature of this platform is one that will fully decentralize the transportation business, and create a massively fair and level playing field for all who utilise it. I am going to be watching this platform avidly and excitedly as I know it will continue to grow in profit and success.
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Article was written by frankiemalton
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