Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Web3 Ride-Hailing App DRIFE to Integrate with Layer 1 Sui Blockchain

Published

on

web3-ride-hailing-app-drife-to-integrate-with-layer-1-sui-blockchain

Decentralized taxi app DRIFE has integrated Layer 1 Sui blockchain, to offer seamless and simplified onboarding process for ride-hailing users.

The blockchain-based mobility platform operates in India and the UAE providing fair and transparent ride-hailing experience. DRIFE’s key benefit is its ability to eliminate intermediaries, ensuring direct transactions between riders and drivers.

By migrating to Sui blockchain, DRIFE will utilize its features including ZKlogin, which enables frictionless user interaction. Per a company release, Sui offers a fair solution for drivers that suffer due to centralization and high commission rates.

DRIFE has chosen Sui due to the blockchain’s scalability, security and cost-effectiveness, says Firdosh Sheikh, founder of DRIFE.

Advertisement

“This aligns perfectly with our goal of creating a seamless user experience and lowering entry barriers” Sheikh added. “Moreover, SUI’s scalability and speed are paramount, ensuring DRIFE can accommodate rapid growth and deliver real-time services efficiently.”

In February, the Sui network recorded a staggering spike in transactions and TVL soaring to $593 million in transactions. Sui’s momentum moved past other networks like Aptos and Cardano in terms of TVL.

Decentralized Ride-Hailing are the New Era of Transportation
Sheikh believes that blockchain-based ride-hailing platforms could disrupt and revolutionize the industry. This is achieved through the immutability of transactions on blockchain, which potentially helps to restore trust between drivers and riders.

“As these technologies continue to evolve, they will likely reshape the entire landscape, offering users and drivers a more efficient, equitable, and sustainable mobility solution,” she said in an interview with Bitcoin.com.

“As blockchain-based solutions continue to evolve, they may reshape the industry in ways that are both innovative and sustainable.”

Advertisement

Further, she touched on the use of blockchain in ride-hailing businesses like DRIFE, contributing to their profitability and sustainability. Blockchain could reduce operational costs, leverage tokenization and incentive mechanisms to reward users for active participation, and empower stakeholders, Sheikh added.

Source: cryptonews.com

The post Web3 Ride-Hailing App DRIFE to Integrate with Layer 1 Sui Blockchain appeared first on HIPTHER Alerts.

Continue Reading
Advertisement

Blockchain

Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

Published

on

bitget-partners-with-fiat24-to-advance-payfi-solutions-for-crypto

Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

Continue Reading

Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

Published

on

lct-secures-vara-in-principle-approval,-defining-its-role-in-dubai’s-crypto-landscape
Continue Reading

Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

Published

on

bybit-one-click-buy-offers-a-winning-chance-in-first-time-deposits-lucky-draws

bybit lucky

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE