Founder of Chinese ride-sharing service to launch blockchain-based ride-hailing app

On May 27th, at the China International Big Data Industry Expo 2018, Weixing Chen, the former founder of Kuaidi Dache announced plans of launching a blockchain-based ride-hailing app. Kuaidi Dache merged with Didi in 2015 to become Didi Chuxing, China’s largest ride-hailing service.

Weixing Chen is currently the CEO of Hangzhou Fun City, a company that develops and operates web games and mobile internet applications.

He believes that the app will be more efficient and safe compared to the existing ones. In partnership with Yang Jun, the co-founder of Meituan, a local services e-commerce marketplace, Chen’s aim is to create a platform that provides lifestyle services associated with ride-hailing and deliveries.

According to Yang, the value of blockchain is to see whether people can use the technology and where they can use it.

On the sidelines of the Expo held in Guizhou city, Yang Jun said:

“With the use of blockchain, we can build a set of economic systems different from the previous ones…We can direct traffic from the Internet and add on different services to meet users’ needs.”

Chen said:

“Ride hailing is the first time blockchain will be tested on a social application on mass scale,”

However, no further details about the project were disclosed by the two entrepreneurs.

marko, a Twitter user commented:

“it’s completely irrelevant for the end user what kind of database is behind the app like this”

Avram Meitner, an empiricist, physicist, rationalist, and anti-theist tweeted:

“…why? Why make life harder for yourself?”

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