Peer to Peer Ride
The world's first decentralized ride-sharing app
How it works:
"Passengers who own NFT can request rides or goods delivery services through Xride App. Their requests are logged on a map with all the necessary details. The nearest drivers can view these requests and submit price offers using various cryptocurrencies such as BTC, SOL, and USDT for the requested service. Once the passenger approves the driver's offer, the agreed-upon amount is locked in a smart contract, and the driver receives the location details.
Upon successfully completing the order, the funds locked in the smart contract are transferred directly to the driver's X wallet, pending confirmation done by the passenger. To maintain transparency and quality of service, customer/passenger satisfaction levels with the driver's services are recorded on their respective NFTs. This information can be accessed by other passengers when making future orders.
This functionality extends beyond passenger services and includes motor couriers and parcel delivery post services. Xride peer-to-peer (P2P) mode is a decentralized transportation system that operates similarly to a traditional taxi service but with a unique twist. Unlike conventional taxi services that charge substantial fees to both drivers and passengers, the Xride ecosystem is governed by smart contracts. Eliminating intermediaries reduces costs, and ensures fair usage for everyone.
Through the utilization of web3 technology and digital currencies, Xride offers a transparent, reliable, and cost-effective solution for the transportation industry. In the Xride system, drivers and passengers can seamlessly connect and transact directly with each other, without incurring high taxes and commissions imposed by intermediary companies.
This innovative approach not only benefits drivers and passengers but also enhances overall efficiency and service quality. By eliminating intermediaries, drivers can earn more, while passengers can enjoy lower fares, making the service accessible to a broader audience.
Leveraging smart contracts, the Xride system automates various functions, including payment management, ride allocation, and dispute resolution. All of these processes are carried out in a decentralized and transparent manner, ensuring fairness and trustworthiness for all users.
Xride represents a groundbreaking decentralized transportation system, providing a fair and transparent alternative to traditional ride-share services. With its emphasis on cost-efficiency, reliability, and operational efficiency, Xride is poised to revolutionize the transportation industry, making it accessible to all."
"In Xride, By eliminating traditional banking payment systems and intermediary platforms, drivers will experience instant settlement."
The Xride ride service process can be summarized in six steps:
Step 1: Request Submission
NFT-owning passengers submit their ride or goods delivery service requests through the Xride App.
Step 2: Mapping the Request
Requests with specific details are recorded on the map. These details include the route and the type of desired service.
Step 3: Providing Offers (Bidding system start)
Before sending the price offer, the drivers can check the passenger info on his NFT, like his name, NFT level, and the previous drivers' satisfaction level.
Nearby drivers send price offers using digital currencies such as BTC, SOL, and USDT
Step 4: Offer Confirmation
Before confirming the trip, the passenger can check the driver's info on his NFT, like level, the car model, and the previous passengers' satisfaction level. After a passenger confirms an offer from a driver, the agreed-upon amount is locked in a smart contract, and location details are automatically sent to the driver.
Step 5: Service Execution
Upon the successful execution of the service, the locked amount in the smart contract is transferred to the driver's X wallet, and with passenger confirmation, a final settlement takes place.
Step 6: Rating and Feedback
Ratings and feedback regarding the quality of the driver's service are recorded on the driver's NFT. These ratings help other customers make better decisions when choosing a driver for future rides.
This process emphasizes direct peer-to-peer interactions between drivers and passengers using smart contracts, eliminating intermediaries and reducing costs for all parties involved.
Below is a screenshot of the concept design of the main pages of Xride applications in cooperation with the European development company.
Based on the project roadmap, this page will be updated as technical developments begin.
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