The number of use cases for blockchain technology is virtually unlimited, and it is very positive to see some companies trying to integrate distributed ledgers into different business models. La’zooz is a company digital currency enthusiasts have been keeping a close eye on, and they have started using the blockchain for a new type of ride-sharing application. The sharing economy movement is gaining more traction, and combining powerful forms of technology will lead to future innovation.
Also read: Bitcoin Price Watch; Volatility is on! La’zooz Decentralizes the Ride-sharing Concept Even Further
When it comes to understanding the concept of ride-sharing , the primary goal is to make the number of vehicles clogging up traffic lanes more efficient. Rather than adding new cars and vans on the roads, companies like La’Zooz look to make the most of the existing infrastructure while keeping the pricing for this service affordable.
Services such as Uber and Lyft are tackling this problem as well, although they remain in full control of the funds generated by drivers and paid for by customers. La’Zooz is focusing on introducing peer-to-peer transfers in the ride-sharing industry, which will – in the end – increase the number of people occupying the same ride, rather than splitting them across a multitude of vehicles.
But there is a twist to this concept as well, as La’Zooz is all about contribution, as community members can collectively decide on how the reward by using sophisticated protocols. Every member’s individual “weight” is determined by the community itself, creating a rather unusual ecosystem where there are no individual leaders in the traditional sense.
Decentralizing transportation is not an easy task, let alone making it a “smart” system open to anyone in the world. The introduction of blockchain technology into such an ecosystem allows for the […]
