As we know that blockchain is innovative and disruptive, but why we are not trying to build mobile apps with blockchain integration. Still there are huge use cases that are untapped and or not being used at optimum levels.
Think wise, what is the usage of technologies, when it is not being used to lift the current offering to the next level.
Everyone is thinking that blockchain is too complicated, But it is quite simple and easy to understand. Blockchain is a distributed database which records digital data which is secure, transparent and immutable. The users are able to inspect, access the data but cannot alter and delete the stored information in the database. In short, Blockchain is a record-keeping mechanism that makes businesses working together over the Internet easier and safer.
The integration of blockchain in on demand businesses delivers an unbelievable growth towards the industry. Every business has ups and downs along with its challenges. In such a way, blockchain can overcome the challenges of the industries with its natural characteristics. The following are some of the fantabulous industries where blockchain plays a significant role in overcoming their challenges.
(i) Blockchain in on demand supply chain industry
(ii) Blockchain in on demand healthcare apps
(iii) Blockchain in on demand food delivery app
(iv) Blockchain in on demand grocery delivery app
(v) Blockchain in on demand multi services app
Where, the taxi booking app is not exceptional. Right. Let us discuss in detail about the taxi booking app with the blockchain integration.
Generally, Taxi booking apps with blockchain integration are a real use case, since it dismants the hindrance and delivers a clever way to handle every hassles in the taxi booking services app.
The need for decentralization is crucial: The integration of blockchain technology with taxi booking apps can cut out the problems in the present aggregator model taxi booking service.
The following are the challenges in taxi booking apps without the integration of blockchain technology.
When riders book the cab, the company is notified first and then the driver is allotted for the booked ride where the companies charge 10-20 percent in the total ride’s pricing which results in high ride cost among the customers.
It is impossible for the riders in the current ecosystem to comprehend the function of the companies. As well you have experienced the surge of pricing problems, if you have ever used a taxi booking business. Riders don’t have a deep understanding about the reason behind the price rise of the unknown functions of the companies.
One of the significant issues in taxi booking companies is safety of both drivers and the riders. Taxi organizations are spending millions of dollars on verifying the users, incidents of fraudulent identities as well as the crime are still reaching the skies.
1. Cost Reduction
With the utilization of blockchain, the riders can connect with the drivers directly to the drivers via the decentralized platform that diminishes the additional costs due to the involvement of too many intermediaries.
2. Transparency in the Pricing
With the ability of the blockchain’s transparency, the riders can know how taxi booking companies function. As well, the price fixing is based on the certain criterion described in the smart contracts which brings transparency and trust to the system.
3. Safety and Security Standards
The set of protocols listed on the smart contracts ensure the non-involvement of drivers in fraudulent activities through generating an accurate rating for them. This results in riders deciding to decide whether or do not to take the ride with a specific service provider.
4. Environmentally Cleaner
Taxi Booking is one of the great use cases of the decentralized platform which also results in a pollution free environment. It will aid the world to go with the cleaner approach with decentralized taxi booking platforms.
5. Economic Opportunity
With the decentralized car sharing platforms, it is simple for anyone to earn income with their personal vehicle. The cut off of services fees with the intermediaries elimination can embellish the business opportunities for everyone.
Requirements of Blockchain Powered Taxi Booking Service
Technical components for the users in the system.
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