Ride Hailing App With Blockchain

Singapore’s first decentralised peer to peer on-demand ride-hailing service is done by MVL Foundation Pte. Ltd, through MVL mobile app. TADA mobile app uses blockchain and digital tokens, those chargers their own drivers with zero commission. A blockchain is a growing list of records that are linked using cryptography.
If you have a desire to start a ride-sharing business build using the latest technology, then try Uber Clone Script.
What Is TADA?
Using an “Incentive-based blockchain mobility ecosystem” for a peer-peer, on-demand ride-sharing service. This ecosystem connects the various stakeholders within the vehicle- related industry such as drivers, riders, auto manufacturers and retailers, auto-repair service and auto insurance companies.
Incentives in Form Of Points:
TADA offers a point for drivers with their performance, with the measures such as safe driving, providing a positive experience to riders. For riders, when they review after each ride. Riders and drivers who cancel rides are not penalized. Others will be rewarded for providing accurate data related to vehicle management, driving, repair and transportation service.
The ride-sharing app provides points, that can be converted into MVL coins, which are MVL’s token or cryptocurrency. The coins can be cashed out on a cryptocurrency exchange or used in exchange for good and services, such as car repairs. Car rentals etc.
TADA Pricing:
TADA means that “Let’s Ride” in Korean. The user-friendly TADA app charges a fixed-rate to use and meter rate that starts from the base fare of $2.30. After the ride, the cash transactions do not include any transaction fees, but riders paying through credit cards will be charged 3.4% fee which goes to payment gateways.
Kay Woo, founder and chief executive of MVL said that with the dynamic pricing mode, fares can go up to five times that of a regular ride during peak hours. TADA promises about 50% cheaper surge rates because its model allows it to. However, they are still seeking feedback from drivers and riders to set a reasonable price range.
TADA currently holds 2,000 driver signups and they aim for 4,000 drivers buy the month of August. As MVL is a smaller service, they don’t have the capacity to do this on the regular. In future updates, TADA matches up to the other ride-sharing apps in Singapore.
If you have a desire to start a ride-sharing business, try Uber Clone for quick launch and hit success.

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