Blockchain in Taxi: New Technology for Common People

Nishanth Shetty

December 2, 2017 10:31 am

211161 Total Views

Blockchain News


Blockchain technology in the local transportation or taxi industry is only the constant of the evolution that has gone for centuries. People are seeking for more efficient technologies both in transport service providing and industrial administration.

From old forms of transportation that are involved in trekking, the use of animal and carts, to the complexity of present-day machines, the transportation industry has developed into an organized ecosystem with the basic administrative departments.

Taxis are everywhere

The existing local taxi industry in every major town and city around the world has proven to be of great importance to modern life. Due to the importance of passengers in everyday life, taxis are in high demand and it is not surprising that the industry is more competitive. The global taxi market is estimated to be between $ 50 billion and $ 100 billion.

Traditional taxi management systems revolve around focused organizations. For example, Lagos, Nigeria, local unions, and associations are required to register every taxi operator in the city and force payrolls and levies to run the association. It should be a way to ensure proper licensing of taxi drivers, but the centralized nature of its management leaves the room for abuse and poor performance.

The advantages of the decentralization

Partially decentralized taxi systems, the introduction to uber and lift introduced some necessary competition in taxi industries. It provides passengers with more options, which is responsible for low rates and high-quality service. Anyhow, despite the coverage of decentralization introduced by these systems, they are still governed by a single database and run by a single company.

Blockchain takes it a step forward

Blockchain technologies are growing fast sweeping around every industry, the signs of the technology is overtaking the taxi industry are clearly ready. For an industry that has been frequently requiring over time across ages, moving into a new phase will not be a surprising development.

Tomas Peleckas, Founder of A2B Taxi Says:

“Licensed taxi drivers are essential to the industry for purposes such as security and appraisals. The situation in the market is an inspiration towards the creation of a platform designed to connect customers with professional and accredited drivers directly. Providing a mobile application for customers to find a licensed driver, as well as drivers to manage their business more efficiently will go a long way in creating a sanitized taxi industry. It is an essential tool for both the security of commuters and motivation towards quality services.”


Long-term development is the use of blockchain-based applications to implement the concept of Tokenization or to manage local transport systems. Many taxi services are based on blockchain and tokenization. This is largely due to the benefits of blockchain offers, especially in areas of personal control and decentralization.

For example, imagine traveling to a new city where the local currency is totally different from where you are coming from, and you require a taxi to drop you to the hotel from the airport. This is largely due to the benefits of blockchain offers, especially in areas of personal control and decentralization.

A new technology for the common man

In many circles, the blockchain is described as a common man’s technology. The explanation is to prove the correct position by giving regular people greater control over their resources. It helps open the market in many industries and enables everyone to play a level playground.

Blockchain implementation automatically enables the transparent industry; Opposite unions and associations do not override taxi drivers and travelers’ will. Instead, anyone with a blockchain token retains full control of all the benefits associated with these tokens, with exchange for other tokens or fiat or taxi rates.

Hello! I simply would like to give you a massive thumbs up for the wonderful information you’ve got here about this post. I will be returning to your site for more soon.

Many thanks for spending some time to talk about this, I feel strongly about it and love learning more about this topic. If at all, while you gain expertise, can you mind updating your website with extra information? It’s very great for me.

Spot i’ll carry on with this write-up, I must say i think this excellent website needs far more consideration. I’ll apt to be once again to see far more, thank you for that information.

Wow, awesome weblog structure! How lengthy have you ever been running a blog for? you made running a blog glance easy. The whole look of your website is magnificent, let alone the content material!

I enjoy you because of every one of your work on this web page. Gloria takes pleasure in participating in internet research and it’s easy to understand why. Most people notice all of the compelling medium you create valuable tips and hints via the website and in addition attract contribution from visitors on that theme then our princess is without a doubt discovering so much. Enjoy the rest of the new year. You’re the one performing a wonderful job.

What i don’t realize is in reality how you are not really much more well-preferred than you might be right now. You’re very intelligent. You realize thus considerably in relation to this subject, produced me individually imagine it from numerous numerous angles. Its like women and men are not interested unless it is one thing to accomplish with Lady gaga! Your own stuffs excellent. Always care for it up!

I like what you guys are up too. Such intelligent work and reporting! Keep up the excellent works guys I’ve incorporated you guys to my blogroll. I think it will improve the value of my web site

Thank you for the sensible critique. Me & my cousin were just preparing to do a little research about this. We grabbed a book from our local library but I think I learned more from this post. I am very glad to see such great info being shared freely out there…

It was some sort of pleasure locating your site a short while ago. I came up here right now hoping to come across interesting things. And I was not dissatisfied. Your ideas about new approaches on this subject were topical and a good help to myself. Thank you for making time to write down these things plus for sharing your notions.

It is perfect time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you few interesting things or tips. Maybe you could write next articles referring to this article. I want to read even more things about it!

I simply could not depart your site before suggesting that I really loved the usual information an individual supply in your visitors? Is gonna be again frequently to inspect new posts.

After study a few of the blog posts on your own internet site now, i genuinely as if your strategy for blogging. I bookmarked it to my bookmark site list and will be checking back soon. Pls check out my site also and let me know what you think.

I had been honored to receive a call from my friend as soon as he found out the important tips shared on your own site. Studying your blog publication is a real excellent experience. Thanks again for taking into account readers at all like me, and I want for you the best of success as being a professional topic.

The subsequent time I learn a weblog, I hope that it doesnt disappoint me as a lot as this one. I mean, I do know it was my choice to learn, however I truly thought youd have one thing attention-grabbing to say. All I hear is a bunch of whining about one thing that you possibly can repair in case you werent too busy searching for attention.

There a few intriguing points in time in this post but I do not know if every one of them center to heart. You can find some validity but I’ll take hold opinion until I explore it further. Excellent article , thanks so we want more! Combined with FeedBurner too

Thanks for informative post. I am pleased sure this post has helped me save many hours of browsing other similar posts just to find what I was looking for. Just I want to say: Thank you!

Any person several opportune pieces, it comes surely, as well as you bring in crave of various the many other types of hikers close to you with hard part your question. pre owned awnings

Have you ever considered about including a little bit more than just your articles? I mean, what you say is fundamental and all. Nevertheless just imagine if you added some great graphics or videos to give your posts more, “pop”! Your content is excellent but with images and clips, this site could certainly be one of the greatest in its field. Great blog!

Hello everyone. Just wanted to pass on this fantastic article supporting women in the motor industry. Please lend you support where you can to this and the #metoo campaign. Thanks

Thank you, I have just been searching for information approximately this subject for a long time and yours is the best I have discovered so far. However, what concerning the conclusion? Are you sure about the supply?

Thank you for writing this awesome article. I’m a long time reader but I’ve never been compelled to leave a comment. I subscribed to your blog and shared this on my Facebook. Thanks again for a great article!

Thank you for publishing this awesome article. I’m a long time reader but I’ve never been compelled to leave a comment. I subscribed to your blog and shared this on my Twitter. Thanks again for a great post!

Having read this I believed it was really informative. I appreciate you spending some time and effort to put this information together. I once again find myself spending a significant amount of time both reading and posting comments. But so what, it was still worth it!

Thank you for publishing this awesome article. I’m a long time reader but I’ve never been compelled to leave a comment. I subscribed to your blog and shared this on my Facebook. Thanks again for a great article!

I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to
do it for you? Plz reply as I’m looking to construct my own blog and would like to find out where u got this from.
thank you

Thanks on your marvelous posting! I seriously enjoyed reading it, you could be a great author.I will make
certain to bookmark your blog and may come back at some
point. I want to encourage you to continue your great posts, have a nice holiday weekend!

I’d like to thank you for the efforts you’ve put in penning this blog. I’m hoping to see the same high-grade blog posts by you later on as well. In truth, your creative writing abilities has encouraged me to get my own, personal website now 😉

My brother recommended I might like this web site.
He was entirely right. This post actually made my day. You
can not imagine simply how much time I had spent for this
information! Thanks!