RedCab is a peer to peer blockchain transportation solution in Egypt. The partnership with RedCab means Parksen has gained a strategic partner in the middle east. As both companies are looking to expand to each other’s regions, this strategic partnership is a great step for both parties.

We are very happy to announce that Parksen has formed a partnership with the leading blockchain-transportation company called RedCab!

RedCab is a peer to peer transportation solution for taxi, a next-generation P2P blockchain-based cab hail company. Founded in 2016, it is a fast forward company with a futuristic business model in the transportation space like Parksen.

RedCab’s business took place in a small touristic spot by the Red Sea for more on hand operations and to test the car hailing service. The company observed a huge potential in the industry and rising demand in metropolitan cities globally with a future expectation for the industry to reach $285 billion by 2030.

Parksen is proud to have a strategic partner like RedCab in Egypt. This means we have a strategic partner in the Middle East. “In the future, when we expand in the east European area or Middle East area, we will be able to have RedCab to help us to deploy the taxi services or other sharing ride route services”, Parksen’s CEO Eddie Postman said.

RedCab has the newest technologies — deep learning, data analysis and AI-powered Road Assistant in their technical expansion plan. The company has an Ethereum-based token like Parksen as well. Its decentralization character will help it to compete with existing larger ride-hailing companies such as Uber, Lyft and Grab.

One of Parksen’s missions is to serve the car owners for the best experience of parking. The partnership with RedCab helps Parksen to form an even better platform solution for car owners. We will provide all kind of applications for different markets in EU, and make parking smarter again!

Join us for the parking revolution TODAY!

Parksen Contact Information:

Head of Marketing, Wilhelm Roth

W.Roth@parksen.com

CEO, Eddie Postman

e.postma@parksen.com