A ride-hailing veteran is creating an Uber on the blockchain that won’t be controlled by capitalists

A ride-hailing veteran is creating an Uber on the blockchain that won’t be controlled by capitalists

6 years ago
Anonymous $CLwNLde341

https://qz.com/1290994/chinese-ride-hailing-app-founder-chen-weixing-is-to-launch-a-blockchain-based-uber/

Imagine a decentralized version of Uber that connects drivers and commuters, letting them negotiate fares directly.

That’s one possibility with a ride-hailing service powered by the blockchain. An “Uber on the blockchain” might sound like a clumsy attempt to mash together two tech buzzwords, but Chen Weixing, who is building such a service, is a sharing-economy veteran who helped shape the world’s largest ride-hailing market, China. His company Kuaidi Dache merged with its arch-rival Didi Dache in 2015 to become Didi Chuxing, which a year later merged with Uber’s China unit and now dominates ride-hailing in the country.

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