Right sharing is very popular service throughout the world for about last 10 years. In 2016, the transportation industry witnessed a groundbreaking innovation that would challenge the dominance of traditional ride-sharing giants like Uber and Pathao (Bangladesh). Arcade City is a decentralized blockchain-based ride-sharing platform. It is giving security, trust authenticity not only of drivers but also the passengers. This is reimagining the way we think about transportation services.

source

Arcade City was the brainchild of Christopher David, a former Uber driver. He envisioned a platform that would put drivers and riders back in control while eliminating the need for intermediaries. David founded Arcade City in 2016 was inspired by the possibilities offered by blockchain technology. The platform was built on the Ethereum blockchain and we know this chain is eligible for the creation of smart contracts. These smart contracts would serve as the foundation of Arcade City's decentralized ride-sharing system.

Key Features of Arcade City

Peer-to-Peer Transactions:

Arcade City offer direct, peer-to-peer transactions between drivers and passengers. This eliminated the need for a centralized company to act as an intermediary. Finally the transparency is increased and fee is reduced.
Smart Contracts: Smart contracts played a central role in Arcade City's operation. These self-executing contracts automatically enforced agreements between drivers and riders.
Driver Empowerment: Arcade City aimed to empower drivers by allowing them to set their own prices, establish their terms, and build their customer base.

Community-Based:

Arcade City's model was community-driven, with local "nodes" or leaders managing operations in various regions. This decentralized approach allowed for flexibility and adaptability to local market conditions.

Cryptocurrency Payments:

Arcade City used cryptocurrency, particularly Ethereum's Ether (ETH), as the primary mode of payment. This not only reduced transaction fees but also provided a degree of anonymity and security.

Although it was closed due to some regulatory and other issues but it's acceptance in early days was really great. It is the milestone and pioneer in blockchain based ride sharing.