iWex

Problem Statement

The “ride-sharing” service has grown dramatically over the few years. Uber has now become synonymous with public transportation as it Provides personal cab, carpool, bike rides, and luxury cab services. Its smartphone-based app connects drivers offering rides and passengers seeking them, passengers pay mileage-based fees through credit cards that the company keeps on file, and Uber then takes a percentage of each fare and gives the rest to drivers. Its also convenient to use.

The mediator factor causes High fees due to intermediaries cause involvement of mediator between a driver and a rider results in the additional costs. Lack of Transparency when drivers and riders have no idea why there is a price surge. and Lack of Safety Standards, Despite the fact that taxi companies spend millions of dollars on user verification, cases of false identities and crime continue to plague the skies.

Solution

Instead of a Corporate mediator between drivers and riders, anyone who wishes to drive people around would link that piece of metadata to their blockchain profile. Locations served would be listed, as well as other details such as the driver's reviews, which will be added to the profile. The blockchain may then filter out possible matches and deliver them to the rider who can request a ride when someone demands a car. The peer-to-peer network can then handle transactions between the driver and the rider. This service is not owned by the app founders, but the community of users.