Welcome back, guys. If you’re new here, be sure to follow! We’re about to decipher another brand new blockchain project.
In Brief (the section for those to lazy, or busy, to read on)
The transport industry has always been one which advanced along with technology, culminating in the advanced P2P ecosystems we see today, however increased costs and inefficiencies with current centralised solutions who dominate the space. The benefits of creating a decentralized transport system based on the innovative attributes of blockchain technology is gradually becoming clear, promising to reinvent many aspects of the transportation industry.
RedCab is a transportation company with a track record of industry experience and research, established in 2016. So far, they have proven to exceed operational expectations with their main objective to build a community-powered decentralised ecosystem that provides maximum benefit to all users.
What are the specific problems RedCab are looking to tackle?
Integrating cutting-edge technology into transportation to ensure comfortable, efficient and above all cost-effective is extremely demanding. For this reason, many underlying problems in the industry relating to user efficiency and costs have yet to be tackled.
Companies operating in the transportation industry are slow to adopt new technologies which might help to make their service more efficient, and even new P2P solutions suffer from high commission fees from the central service provider. Furthermore, most cab companies have designed business models to at least try to enhance customer comfort, but often
Obviously these centralised transport industry players have problems extremely hard to solve with their current solutions.
How does RedCab intend to use blockchain to solve these issues?
With years of experience in delivering first-class transportation service to its customers, RedCab is a first-class company that efficiently merges transportation and technology to achieve maximum results. Having conducted thorough and necessary research concerning the areas of the transportation sector that are most in dire need of improvement, Redcab has developed a platform which will effectively enable their decentralized peer to peer transportation system- powered by blockchain technology and governed by smart contracts. Their roadmap illustrates a confident and motivated company born out of a willingness to help create the best customer- and worker- experience as quickly as is reasonably possible.
(From the RedCab whitepaper: https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf)
The launching of the beta version of the REDCAB mobile app began the shift from the centralized market to a decentralized market system supported by the many inherent beneficial features of blockchain technology.
Tackling one of the biggest current problems in the space most negatively effecting both customers and drivers- RedCab promotes cost effectiveness by cutting money spent on intermediaries no longer required in the transportation network. The decentralised network means less money spent on middleman fees, and more reward for the participants of the ecosystem.
Token Details
REDC TOKEN is the native ERC20 token to be used within the RedCab ecosystem. The token is based on the Ethereum platform to provide transparency and maximum efficiency. REDC tokens will be used to purchase any of the array of services offered by RedCab, and will also be used to reward users for introducing new community members to the platform, as part of their innovative ‘Proof of Marketing’ model.
Tokens are currently being sold in the RedCab token sale, accessed through their website.
(From the RedCab website: https://redcab.io)
The Cryptographer's verdict
With their remarkably unique business strategy and effective use of cutting-edge technologies to combat many of the problems which plague the centralised transportation sector, RedCab are in a promising position to soon become a true force to be reckoned with within the industry. Blockchain use will effectively enable a decentralised transportation system with minimal fees and ultimate community control over the ecosystem.
Focusing more on community engagement and satisfaction than ever before seen in the industry is one of the platform’s notable strengths. RedCab’s innovative ‘Proof of Marketing’ incentivisation model using REDC tokens will help to consistently foster a healthy and growing ecosystem from the very beginning and throughout the platform’s journey.
The fact that RedCab have put so much effort into prior research is a promising sign; they certainly have the crucial first-hand industry experience.
Read more about the RedCab project at their website: https://redcab.io/ and if you have any questions the best place to ask is their Telegram group: https://t.me/redcab_ico
White paper: https://redcab.io/downloads/Whitepaper_EN_v1.0.pdf
Social media:
LinkedIn: https://www.linkedin.com/company/redcab
Twitter: https://twitter.com/redcab_llc
Medium: https://medium.com/redcab
Facebook: https://facebook.com/redcabeg
Reddit: https://www.reddit.com/u/Redcab_io
Happy hunting!
PLEASE NOTE THIS IS NOT FINANCIAL ADVICE. YOU MUST ALWAYS DO YOUR OWN RESEARCH AS WELL AS READING OTHERS’ OPINIONS, ESPECIALLY IN THIS SPACE.