Uber and other ridesharing services have completely disrupted the taxi industry.
It's more convenient, you have more options, and most importantly, it's cheaper - so why would you call a regular cab instead of an Uber? It's obvious.
But now, a new startup from California aims to disrupt Uber itself - by combining it with blockchain technology!
Chasyr is the first ever blockchain-based, self-sustained and community driven ridesharing service.
Created by an Uber driver himself, Chasyr aims to disrupt the economy by offering the unique benefits of blockchain technology and built-in cryptocurrency tokens.
We are an early stage ridesharing startup that will use blockchain technology to create a place where users can connect directly in a transparent way while building a public reputation within our brand. We will be the first truly self sustainable ridesharing service in the world and invite you to be a part of what we are doing. We love to drive with passengers and without, hang out with friends and talk about cryptocurrency.
Chasyr was founded by Tommy Marquez, who was an Uber driver himself for 2 years.
He was known as the "referral king" for Uber in his area, because he promoted the business and had countless of other drivers sign up through him.
Tommy quickly learned the benefits of the ridesharing industry, but also noticed which improvements could be made.
He then got introduced to blockchain technology by becoming an advisor for Swarm City, also nicknamed the "Craigslist of Ethereum".
And that's when he realized that combining Uber with Blockchain could create a totally new platform that offers unique benefits and has the ability to disrupt the ridesharing industry once again.
The most important part about the Chasyr platform is the rating system - the five-star reputation is the pride of every Uber driver.
Chasyr wants to extend this system even more: all rides and ratings are saved on the blockchain, so users will be able to view the whole record of their driver before hiring them.
In return, drivers will also be able to see how many successful rides their client has already completed.
Cryptocurrency in Chasyr
Chasyr will not create their own tokens, but instead cooperate with the meta platform swarm city. Swarm city is a decentralized sharing economy on the Ethereum Blockchain.
Buying these tokens within the Chasyr app will be similar to buying upgrades for a game which has its own coins - and the tokens will be needed to request rides.
The native currency of swarm city is the SWT token, currently valued at around $1.60 .
No Driver Referrals needed
A very successful concept within the Uber platform are the driver referrals.
Drivers can earn a bonus whenever they refer a new driver to Uber.
In Chasyr, this isn't necessary - drivers are rewarded with tokens, and therefore hold a share of the company at an early stage.
So these early adopters are automatically incentivized.
Simply stated, the more transactions that happen on Chasyr or in Swarm City in general, the more valuable the SWT token becomes. We believe Chasyr will be a huge part of history related to the Blockchain because of this and know that this will be the reason we will be able to go up against giants like Uber.
So what's next for Chasyr ?
The app obviously isn't available yet, so we will have to be patient until Chasyr can actually be used. since the project was only just announced in July.
But you can already sign up on their website as driver, and over 400 users from 80 different cities have already done so.
“This is only the beginning of our challenging journey, but with the experience I have gained by getting waist deep into learning the power of blockchain and decentralized networks, I feel very up to the task.”
— Tommy Marquez
What do you think about the concept of Chasyr? Will ridesharing be the next industry that Blockchain Technology revolutionizes?