Blockchain
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.
“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.”
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.
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
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