Translation: Annie Xu The ride-sharing app developed by Arcade City is the best example of the power of decentralized platforms in both the physical and digital worlds. Taxi travel has become more and more personalized. The days of people walking on the street to hail a taxi are over. Now all you need is a smartphone with a taxi app installed. Companies such as Uber, Lyft, Careem, Ola and others that provide taxi services have brought consumers a convenient and pleasant travel experience. Now we only need to use our mobile phones to select taxi services at home. Soon, taxis will be waiting at your doorstep to take you to the designated location. Taxi services such as Uber are warmly welcomed by commuters around the world. Most taxi services use credit cards, and a few places can use mobile wallets or even cash. However, no taxi software company currently supports Bitcoin payment or blockchain technology. Arcade City and Ethereum Arcade City, a rising star, has quickly surpassed other carpooling and rental service companies by using blockchain technology. Christopher David is the founder of Arcade City and Free Uber. Currently, the carpooling app supports Android and iOS systems. Arcade City is integrating Ethereum blockchain technology. This blockchain-based smart contract platform provides digital equity to drivers who join the app. The company expects to complete the distribution of all equity in 2020, according to the report. After industry giants such as Uber and Lyft significantly reduced their rates, Christopher David founded Arcade City on February 14, 2016. The company quickly recruited more than 3,000 drivers to join the platform. Almost all drivers had joined the Uber and Lyft platforms before, because Arcade City gave drivers more freedom. In addition to incorporating the decentralized Ethereum platform, the company is also exploring decentralized pricing models to give drivers the convenience of freely choosing their rates. In addition, the company allows drivers to provide additional services without having to worry about company policy issues. Christopher David's idea of decentralizing the entire service and company structure is great. Drivers become shareholders, which can incentivize them to provide better service, ensure brand image and profitability. In this way, smart contracts created by the Ethereum blockchain can be programmed to transfer a certain percentage of equity or revenue to shareholders. Arcade City currently provides services in Australia and 27 states in the United States. The company plans to launch the service in Mexico, Canada, and Sweden soon. The Arcade City app is a great example of how individuals and communities can benefit from decentralization. |
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