REDCAB: THE NEW FACE OF THE TRANSPORT INDUSTRY

aaemma (35)in #ico • 6 years ago

INTRODUCING BLOCKCHAIN TECHNOLOGY AND THE NATURE OF THE TRANSPORT INDUSTRY TODAY

The advent of blockchain technology has made many projects possible, thus contributing in creating solutions to the challenges in different sectors, systems and platforms and one of such platforms is the transportation industry.
Blockchain technology has been able to bring about these solutions through the Introduction of decentralization and use of smart contracts, which ensures users are in control of their personal data at the same making all varieties of transactions possible and at a lower rate due to the absence of Intermediaries.

In the transportation industry, there are underlying issues which need urgent attention and has been attempted by different technological innovations.

Notwithstanding the way these technological innovations had effectively made the truly necessary transportation requests and settled most difficulties in the most recent decade, has clearly shown that the existing solutions lack what it takes to bring about much-needed solutions.

Users are continually searching for true solutions or systems that highlights the dependable quality and in addition security, a solution that will display each transportation options and solution at a friendly price, a solution of the system where users won't be offended, a solution which will accommodate users irrespective of the weather challenges.

Furthermore, in the transportation industry, most users by all accounts are drivers. A study has shown that drivers who are associated with an App-based transport organization that more individuals are currently becoming attached to the hailing services offered.

WHAT IS REDCAB ALL ABOUT?

By utilizing blockchain innovations to reduce cost and secure transactions, RedCab is decentralizing the transportation services for users.
Therefore, a considerable measure of a fee is set aside as transport commission which will be taken back to the ecosystem to guarantee manageability and business progression by means of technology advancements, efficient execution of orders and trustworthiness.

RedCab business model is formed to promote smooth market entrance by means of lean and efficient strategies while scoring and reward programs promote and secure faithful and profitable ecosystem.

Business Model
RedCab business model guarantees up to 20% increase in the income accumulating to a driver with an efficient way to utilize the system predominance where the season of the individuals who select to team up with the platform and driver is taken care of all the more viable. This will progress to a stable cost advantage platform.

All things considered, raising the interest that will give space for an efficient RedCab driver in a cosmopolitan zone to accomplish more rides every hour and thus decrease the cost of the traveller and the cycle proceeds.

Instead of the transport industry's way to deal with lower transport costs without a skilled learning of their business requests, RedCab comes as a participatory methodology where each performing user's challenges will be considered.
This is the reason cab drivers are hesitant to acknowledge new technology that establishes a key factor of the worldwide disruption in the transport world.

The business design accompanies an open door for taxi companies and drivers to use the technology to hold their occupations and put money on the significant decrease in the piece of the overall industry that has happened in the most recent decade.

In light of a forward-looking vision and all-around adjusted mission, RedCab designed the business model to fill in as a major help component so as to check abuse by users and to withstand market enslavement. It is trusted that the effect of this on the network, later on, will be incredible.

This is accomplished by means of the commission framework and investments administration where the trips fee are margined in addition invested into systems like geo-generated special system through genuine learning and information or data mining which occurs in a monetization manner.

This methodology is executed without tolerating any misfortunes to have the biggest extent in the market and divert the investments in future-arranged technology, for example, auto-driving cabs to have increased benefits. In addition, RedCab will dispose of the rate of joblessness.

CONCLUSION

The RedCab token is REDC and it is an ERC-20 token whose most extreme token supply Cap is 100 million. It is Ethereum-based and the cost in ICO is 1 ETH to 2,333 REDC with just 62 percent of its supply is circulated in ICO.

Through the utilization of blockchain technology, RedCab accompanies a creative way to deal with the transport industry where each and every user gains immensely, the driver has increased income and a more adaptable shift while passengers appreciate lower fees.