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Home » Everest Blockchain-Powered Ride Hailing Service is a Representation of the Future

Everest Blockchain-Powered Ride Hailing Service is a Representation of the Future

Joel Nwankwo by Joel Nwankwo
November 8, 2023
in Mobility
0
Everest

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The riding experience doesn’t just get easier for customers; it gets prompter too. Everest Mobility Startup is truly a representative of what is to come in the mobility sector.

Mobility startups are rapidly developing new infrastructure for mobility, leveraging innovative processes to offer better services. How do we reduce costs, decrease our carbon footprint, and provide a superior customer experience for our passengers?

Most scheduling algorithms aren’t sophisticated enough to perform this, especially amidst the variables that accompany service to a larger population. Everest’s greatest drive is to fix these issues and create seamless services for both riders and drivers.

Built on blockchain technology, Everest is a mobility-as-a-service platform for on-demand urban transportation and logistics. The platform enables users to easily communicate with drivers and carriers and process payments using a variety of currencies, including fiat and cryptocurrencies.

Everest builds an ecosystem on top of a safe, decentralized blockchain network so that logistics and transportation businesses can grow and spread. The startup’s biggest strength is probably removing the shortcomings of other hiring companies.

Everest has decided to do away with the commission model completely since gig drivers find it difficult to pay for car maintenance and gas while still sending a sizable portion of their profits to the companies because of the high commissions.

Drivers can be guaranteed a sizeable portion of their revenues with this strategy, and riders benefit from more affordable and valuable rates.

Several ride-hailing services do not have the infrastructure to support the use of digital assets and therefore only accept fiat payments for their services. This excludes an expanding market group from using logistics and on-demand transportation services.

Users can pay for services with fiat money and cryptocurrencies like EVR, BTC, and USDT thanks to Everest’s integrated digital wallet. Drivers have the option of accepting fiat or cryptocurrency payments. Users may manage their payments with little to no technical knowledge of cryptocurrencies and blockchain because of the wallet’s simplicity and ease of use.

Drivers can be contacted at their nearest location by users of the Everest platform. After registering on the platform, drivers can conduct peer-to-peer transactions with riders to provide their services using the application interface.

Ride-hailing services are now possible thanks to the internet, readily available digital route maps, and the quick development of cell phones equipped with GPS. Although the general public has embraced the emergence of ride-hailing services, customers have expressed conflicting opinions about some shortcomings and challenges.

Everest might be viewed as one of the companies influencing the direction of mobility in the future because of their innovative approaches to solving problems in the ride-hailing industry.

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  • Joel Nwankwo
    Joel Nwankwo

    Joel Nwankwo is a tech journalist. He is passionate about telling stories as it relates to Africa's social and financial tech advancements. You can reach him at joel.nwankwo@techeconomy.ng

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Joel Nwankwo

Joel Nwankwo

Joel Nwankwo is a tech journalist. He is passionate about telling stories as it relates to Africa's social and financial tech advancements. You can reach him at joel.nwankwo@techeconomy.ng

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