With More Than 30,000 Taxi Drivers, Here Is how DACSEE is Changing the Ride-Hailing Industry DACSEE Follow Sep 2, 2018 · 5 min read

Ride-sharing platforms like Uber and Lyft seem to be doing quite well. The industry is expected to grow at a rate of 15.2% with a user penetration rate of 17.8%, according to the latest figures. However, it still only makes for one percent of the total vehicle miles traveled.

The industry is far from ubiquitous. People prefer car ownership over ride-sharing, despite the latter’s many benefits.

But this doesn’t mean that the market is not growing. Uber and Lyft totaled about 30 million VMT per month according to 2013 figures. The number jumped to 500 million by 2016 — an incredible growth of 150 percent, resulting in a revenue of over $10 billion.

This shows that the industry has potential, all that we need is a solution to the challenges that seem to prevent users from turning to ride-sharing platforms.

Ride-sharing Challenges Drivers and Riders Face

Growing and Unsustainable Costs

Ridesharing is still an emerging market. It’s controlled by a few big players who receive funding from government organizations and venture capitalists. They use this funding to not only subsidize fare but to also falsely deflate the cost of passengers, which ends up creating a disbalance in the market and also results in inevitable pops that can cause harm to the drivers.

Plus, drivers also have to bear the burden of service fees that can be as high as 30%.

A Lack of Security

Many passengers do not feel comfortable using ride-sharing services due to the risks involved. Stats show exactly how bad the situation is — over 103 Uber drivers have been accused of abusing or sexually harassing passengers in the last four years.

Despite guidelines, Uber has been unable to eradicate this problem.

Ill Experienced Drivers

It is common for drivers to misbehave with drivers and even ask passengers to leave the car — sometimes for no reason. Such instances do not only lead to arguments but can also have serious consequences.

Lyft was recently in news for a passenger filing a case due to the driver being under the influence. Another passenger lost his life in a crash and it was found that the driver had an expired license. Such instances are becoming common and can be a hindrance to the growth of ride-sharing networks.

Data Risks

Data breaches are pretty common these days. In fact, Uber was last year in news for a major hack where the information of over 57 million passengers and drivers was stolen by an unknown hacker.

The risk of getting their private information leaked often prevents drivers and passengers from joining Uber and other ride-sharing platforms.

Government Friction and Local Competition

Uber first started in San Francisco and is today available in 72 countries. However, this journey is not easy as these platforms have to take care of compliance and regulations when they try to enter a foreign market. Plus, they also have to face stiff competition from the local industry.

Uber, for example, had to sell its assets to Didi Chuxing, a Chinese ride-sharing app. It is also banned for different reasons in different countries including Bulgaria, Denmark, and Italy.

DACSEE Provides a Solution

The problem is out there in the front and the solution seems to be simple, if DACSEE is to be believed. It is a blockchain-based global ride-sharing platform that introduces a decentralized ride-sharing platform.

The DACSEE Solution

This Malaysian startup intends to provide a network that allows for growth while giving the control back into the hands of the individuals.

This open-source platform intends to provide transparency to the users due to the growing demand.

Some Other benefits of this decentralized system include:

Driver Selection and Verification

DACSEE realizes the need to hire reliable and professional drivers. The DACSEE system ensures that only qualified drivers are hired. This will be made possible with the help of driving communities and leaders who will decide who gets to join the community as a driver. The decision will be made on the bases of skills and previous records.

Moreover, there is also a Social Circle feature that lets passengers recommend trusted driver to others. It’s a secure system that can be used to validate drivers.

Complete Safety

DACSEE understands the need to provide safety. The system will not randomly select drivers. Instead, passengers will have the luxury to select their preferred driver. For example, women can pick female drives if they feel uncomfortable traveling with a male driver. This is a much-needed security feature that no major ride-sharing platform is presently offering.

In addition to this, there will be a monitoring feature that will provide automatic reports on a ride including driver details, traffic flow and route.

Moreover, the company also plans on introducing an emergency helpline that immediately broadcast location data to the authorities, with the press of a button. It can come in handy in case of an emergency situation.

More Earning

DACSEE introduces a special affiliate system, where drivers can gain points or tokens for introducing new drivers to the platform. It is a nice way to appreciate drivers for their hard work and professionalism. Passengers and drivers that meet the criteria of joining new people to the platform and take an active part in the community will be compensated with tokens as well.

Lower Fares

The system will cost less due to little to no risk of drivers tampering with the system thanks to stringent monitoring. Uber and other ride-sharing platforms are known for drivers notoriously charging higher by tricking the system. This puts the burden on passengers who have to spend more than what they should.

DACSEE is planning to expand to other countries in the future, but is it really the solution to the ride-sharing problem? Only time will tell.