REDCAB: REVOLUTIONIZING THE TRANSPORT COMPANY WITH THE AID OF BLOCKCHAIN TECHNOLOGY

emmy92 (42)in #ico • 6 years ago (edited)

INTRODUCTION

There have been several attempts by recently-introduced technologies to resolve the transportation challenge. Some of these efforts were viable as a business, but the attendant social effect was rather unacceptable.
Regardless of the fact that technology had successfully created the much-needed transportation demands and resolved most challenges within the last decade, what we only have is a series of copycat business pattern that lacks new ideas.
Customers are always looking for a really dependable service that features reliable quality as well as security, one that presents every transportation alternatives and services alongside a low competitive price, and as customers don’t like to be insulted, as such, on a day where it is raining heavily, or one with busy traffic, high rate charges on fares is not advisable.
Conversely, the major actors in the transportation business appear to be drivers. A careful analysis of drivers who work as part-time for an App-based transport company, more people are now getting used to the hailing service to augment their revenue and to attain dynamic work shifts.

REDCAB TRANSPORT SERVICE

By using blockchain technologies to reduce cost and secure transactions, RedCab is decentralizing the transportation option for users. Consequently, a lot of fees is saved up as transport commission to be ploughed back to the ecosystem to ensure sustainability and business continuity via cutting-edge technology, performance handling and customer loyalty.
RedCab business model is fashioned to secure smooth market entrance via lean and dependable procedures and scoring and reward program secures loyal and productive ecosystem.

REDCAB BUSINESS PATTERN

RedCab business model assures up to 20% increase in the revenue accruing to a driver with a well-articulated approach to leverage on the network dominance where the time of those who opt to collaborate with the platform and drive is handled more effectively. This will transition to stable cost advantage.
As such, raising the demand that will give room for a typical RedCab driver in a cosmopolitan area to do more rides per hour and as a result, reduce the cost (fare) on the passenger and the cycle continues.
As opposed to the transport giants’ approach to lower transport costs in the absence of an adept knowledge of their business demands, RedCab comes as a participatory approach where every actor’s concern was considered. This is why commercial cab drivers are reluctant to accept new technology that constitutes a key part of the global revolution in the transport world.
The business pattern comes with an opportunity for taxi companies and drivers to leverage on the technology to retain their jobs and bank on the substantial reduction in the market share that has occurred in the last decade.
Based on a forward-looking vision and well-aligned mission, RedCab patterned the business model to serve as a big support mechanism to check abuse by users and to withstand market subjugation. It is believed that the impact of this on the community, later on, will be great.
This is attained via the commission system and investment management where the trips' fares are margined and invested in a geo-generated promotional system through serious learning and data mining in the monetization pattern.
This strategy is executed without accepting any losses to have the largest proportion in the market and channel the investments in future-oriented technology such as auto-drive cabs to have increased profits, while we discard the effects on the communities increased rate of unemployment or jettisoning the notion that just 30 percent of car owners work in hauling services in the advanced countries.

REDCAB TOKEN

The ticker for the RedCab token is REDC and it is an ERC20 standard type token whose maximum token supply Cap is 100 million. It is Ethereum-based and the price in ICO is 1 ETH to 2,333 REDC. The bonus on it is 15 percent in pre-sale while the minimum investment is 0.1 ETH. Only 62 percent of it is distributed in ICO while the Hard Cap is 24,529 ETH.

CONCLUSION

Through the usage of blockchain technology, RedCab comes with an innovative approach to the transport industry where every single actor gains tremendously, the driver has increased earnings and a more flexible shift while passengers enjoy lower fares.