A taxi app on blockchain is not unheard of. Many have tried it. The key to success is performance and speed. Without accuracy customers won’t use it. And without earning potential, drivers won’t use it. Even the incumbent players like Uber, Lyft and Grab have to spend heavy sums to make both ends meet by siphoning investor’s money.
Why would be win? Cause.
We are driven by a cause to pull the drivers out of this mad-mess created by incumbents. While doing our logistics pilot(read here if you missed our genesis) , we came across the ensuing taxi driver protests in Bangalore, London and New York. Some part of stories is obviously political. But some part of these protests is very original pain, societal divide, information gap and ensuing lower class which becomes a mere number tool in hands of malicious power. We visited many drivers who were neck deep in debt due to marketing gimmick of plying more taxis and becoming taxi-entrepreneur. How true was it? None of it. The taxi aggregators wanted virility to attach more drivers by dolling out cheap loans and cruel fine lines. Well, the short story is about our conviction that TIM blockchain is match in heaven for hardworking drivers who want freedom and choice. TIM blockchain will provide hyperlocal dapp smart contract between TIM Foundation and Taxi Unions/Associations. The union/association will sign the TIM powered taxi apps of drivers by its own private key. Therefore TIM is not even an aggregator. TIM is standardizing the operations of Taxi unions and associations through smart contracts. Users can book the taxi the same way as they have been doing this while. Statistically, there are many other benefits of registered drivers. Also, our survey says that union registered taxi drivers are more trustworthy, which is also supported by historical crimes data of India, Singapore and Dubai. And the stories are similar across the globe(pictured below). We don’t want to merely succeed. We want to win.
The Blockchain Business Case — Taxi as Swarm
TIM requires a lot of swarm defense apps and devices for efficient mining. And taxis will provide that in huge quantity. In return, TIM will also provide a very efficient and superfast responsive network from start to finish of every ride.
In coming times, blockchain taxis are definitely a reality. We want to be the leader in that.
Hyperlocal Blockchain — Hyperlocal partners
TIM’s hyperlocal dapp opens a barrage of new opportunities for many kinds of “X on Blockchain” businesses. Though “X for blockchain” predictions are professed everyday if not hours. The hyperlocal blockchain will add a meaning to this.The innovators and social entrepreneurs could think of creating large scale impact by bringing bottom of pyramid to internet. And TIM could becomes a valued partner which brings accessibility to poor and backward societies. We are working to spend more than half billion dollars in Africa to enable blockchain services. Though the volume is not high(as expected), and Bitcoin could have easily bridged the gap. But the opportunities in new technology has swung Bitcoin far away from reach of Africa. TIM is cheaper in low activity zones of the world.
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