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The Times of India
The Times of India
National
TNN

One more app-based cab operator in Bengaluru

BENGALURU: Another app-based taxi operator — DRIFE — was launched in the city on Saturday.

Said to be the first blockchain-based ride-hailing platform, DRIFE started a pilot project. “With DRIFE, there are no surge prices, no commission fees taken from drivers. It is a true marketplace where fare is dictated by the community of riders and drivers,” said a release.

Firdosh Sheikh, CEO and co-founder of DRIFE, said, “It is built to end low wages and high demand for drivers. When 100% of profits go to drivers, costs can be slashed and riders also stand to pay less for a high-quality experience.”

“For years, blockchain and crypto have been inaccessible to a majority, but now people can take advantage of the benefits of blockchain technology with market-dictated pricing, allowing for cryptocurrency to pay for everyday service. This will ensure transparency that the traditional ride-hailing industry doesn’t have,” Sheikh said.

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