DRIFE ecosystem leverages a ‘No Surge Price’

The main aim of any rid-sharing organization is to create long term loyal customers. For a long time, prices have been surging and currently up to 25 percent commission can be charged by a taxi service. Passengers and drivers have been searching for alternatives. Using blockchain technology DRIFE will create a fully transparent auditable and immutable ledger of transactions with a friendly user interface to access all the data of fare payment details.

A good reputation is essential for a company to survive and in this industry, passenger safety is the most important aspect. There have been incident reports where actual physical abuse has taken place by both the driver and passenger. All DRIFE customers will be able to view full driver details including comments and feedback by other passengers. All the comments and journey experience will be stored n the distributed ledger. The DRIFE mobile app will incorporate a unique ‘SOS’ call function for emergency any situations.

Apart from a high level of government control, there are other problems associated with a fully centralized service of this nature. These include exploitation of commission charges and personal data breeches also with the risk of identity theft. DRIFE addresses these problems with a unique system where driver income, the passenger’s fare and the total commission is transparently stored. Within our own governance, we will ensure that the latest cyber-security systems are in place to protect our customer data.

How will Drife attract drivers and riders?

Drife is confident that with its transparent, zero-commission model, it will be able to attract drivers to enter the ecosystem. An incentive scheme wherein drivers can bring in more drivers into their network and get rewarded in terms of a part of their referred driver’s earnings, will also create motivation for the driver community to increase. Riders, on the other hand, will more than welcome an alternative that is fair and transparent and which shows real-time prices and does not charge “surge” or prime” charges.

No Surge Price

DRIFE ecosystem leverages a ‘No Surge Price’ model to sustain rider’s loyalty and create sustainable income for drivers by paying them additional incentive during surge time, which will be tracked using a heat map, which will get activated when demand is greater than demand.

Safety

Every driver must undergo an extensive psychological test before being accepted as a DRIFE DriverPartner. Fullbackgroundverification, together with a positive psychological analysis, will enable an applicant to become a DRIFE Partner. Not only will our thorough testing methods be conducted as part of the application process, but we will also conduct periodic testing to ensure the drivers are remaining in a sound psychological state.

Peer to Peer Emergency Management (SOS)- This will allow users to manage any emergencies they may encounter. This will be actioned in a decentralized fashion by calling upon fully trustworthy people in times of need, from their network. When another person accepts such a request, they will be able to immediately see the GPS location of the person in need, so that they can reach the exact location of the emergency caller. The Rider in need will then receive a notification including the ETA and the details of the person coming to provide the emergency assistance.

Touch ID-Every fingerprint is unique, making it almost impossible for even a small section of two separate fingerprints to be similar enough to register as a match for Touch ID. In fact, the probability of this happening is 1 in 50,000 with a single, enrolled finger. It is mandatory for every driver to scan their fingerprints on their device which then becomes their Touch ID, which will be used to start each ride. Therefore, each trip will only commence after the driver has scanned the device using fingerprint technology to ensure that the DRIFE-registered driver is matched to the driver offering the ride.

Ride Notification-For Family and friends, this feature will allow riders to share the ride status with their network. When a passenger sends a ‘ride status alert’, the driver will also be notified that the ride is being tracked. Incentives for Community members for assisting others during an emergency — Depending on feedback from the person in need, every community member who assists during an emergency, will receive reward incentives for the services they have provided.

Security Observational Safety Mode (SOSM): Every taxi registered with DRIFE will have a camera installed which can be activated by commuters only. This is useful when a commuter wants a third-party to monitor the driver during a late night ride. They can simply switch on safety mode and their community can keep a track of trip. This feature works only when commuters request for it so that we at DRIFE can keep commuter’s privacy intact.

The DRIFE Token (DRF)

Token: DRF
Type: Utility
Price: 1 DRF = 0.25 USD
Platform: Ethereum
Token Type: ERC20
Accepting: ETH
Minimum investment: 0.1 ETH
Soft cap: 32,500,000
Hard cap: 162,500,000
Country: UK
Whitelist/KYC KYC
ICO Time: 10 Jan 2019 - 10 Mar 2019

Token Allocation
Overall, 325,000,000 tokens will be released and the hard cap of the tokens for sale is 60%.

The remaining 50% of total emitted tokens will be divided amongst the Private sale (10%) Social Incentive (10%), Development pool (5%), Team members (5%) founder (10%), bounties and Airdrop (3%), Referral, Rewards and Bonus-5% and Advisory (2%)