iRide.io is the world’s first ride-sharing application built on the Ethereum Platform. iRide.io is bringing together the Uber-like share-riding phenomenon and blockchain technology. It already has a working MVP with downloadable apps for Apple and Android phones. Its fee for drivers is less than 5% (compared to 20%-25% for Uber and Lift). They even offers a smart contract pension plan for drivers. Each ride is backed by an Ethereum blockchain smart contract. They have advisors onboard (Naviin Kapoor and Hristo Piyankov) who are also a part of the popular Modern Finance Chain ICO.
iRide combines the fast growing $60 billion ride-sharing platform (like Uber) and the advantages of decentralization with blockchain technology. Key features:
1. An MVP is available. The iRide app for Apple and Android phones is downloadable now.
2. Decentralization through the Ethereum blockchain allows for much lower fees for the driver--5% (or less) vs the 20% to 25% from centralized entities such as Uber and Lyft.
2. Lower drivers' fees will result in lower charges for riders.
3. Pension plan available for all drivers, backed by smart contracts.