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Reblogged by jeffsonstein ("Jeff Sonstein"):
molly0xfff@hachyderm.io ("Molly White") wrote:
Attachments:
- How does a blockchain-based ridesharing system work? A blockchain-based ridesharing system uses distributed ledger technology to facilitate peer-to-peer transactions between riders and drivers without needing a central authority. Here’s how it typically works: Registration: Riders and drivers register on the blockchain-based ridesharing platform by creating a digital identity. The platform may require users to provide personal information, such as their name, phone number and payment information. Ride request: When making a ride request, a passenger must include the pick-up and drop-off locations, the vehicle they need and the fare they are prepared to pay. This information is stored on the blockchain. Driver selection: The algorithm matches the rider with a driver who fits their needs. The ride request may be approved or denied by the driver. Ride confirmation: The smart contract is activated to start the ride if the driver agrees. The rider is informed of the driver’s arrival and (remote)
