Hack Proves Ride Sharing Could Thrive Without Uber
Hack Proves Ride Sharing Could Thrive Without Uber
Last week Uber revealed that 57 million people’s private data was stolen in 2016 including, names, phone numbers, email address, and license plate numbers. While this list doesn’t include credit card information, "even ‘mundane’ data breaches can be significant, since the personal information included in most accounts can be used to engineer everything from identity theft to phishing operations." – Fortune
Uber now claims ownership of countless lawsuits ranging from sexual harassment, unfair employee treatment, marketplace manipulation, theft, poor database security, and not disclosing information when required by law. The list goes on and it paints a large picture with big bold letters,
What does the market want?
The enormity and power of the ride share market can best be realized in Uber's continued domination while utterly failing its users.
Ubers failings prove that the nature of ride sharing is peer to peer. If their company can still function after everything that has gone wrong, it is only because of its participants and their desire to connect drivers and riders. If the users are the pillars of support, why are they still paying up to 30% for a failed governance to sit on top?
Cryder's goal is to enable the supporters (users) to function freely.
Eliminating Uber's Vulnerabilities
Cryder has made it is possible to verify identity, set pick up location, set drop off location, set price, hold funds in an escrow, release funds upon GPS destination, and have a beautiful user interface all within the blockchain, storing NO personal information and having NO governing body.
They plan to unlock the peer to peer nature from the untrustworthy control of Uber. Their technology is open sourced and available to get people from point A to B. There are no commissions, no databases, no personal information, no employees, no company, no lawsuits... just riders setting destinations and drivers setting prices in a free market controlled by the individuals who create it.
Reference Guide
For a visual explanation of how the blockchain works, watch this video.
For a detailed review of the company, please read my other articles | 1 | 2 | 3 |
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