Blockchain, Featured

After Uber, Its Singapore’s Ride Hailing App TADA Taxi Trying Blockchain Applications

After Uber, it is now the turn of Singaporean hailing app TADA taxi to try out blockchain applications to make booking a taxi and overall traveling a smooth experience. As a part of this activity, Mass Vehicle Ledger (MVL), a blockchain protocol which runs the ride-hailing app TADA recently entered into a partnership with OmiseGo, a payment platform backed by Ethereum. The joint venture aims to research blockchain technology.

Both OmiseGo and MVL will build a Proof-of-Concept (PoC) to find out whether OMG’s decentralized network is right for the data record-keeping system of MVL that supports TADA. During the PoC process, MVL will collect the data from TADA on the platform of OmiseGo and MVL will record it. The two companies are also aspiring to take this association further to research possible applications of blockchain technology in the services of TADA.

MVL received a license as a taxi provider very recently on November 7 from the Land Transport Authority of Singapore opening doors for the company to launch its very own TADA Taxi, a new taxi booking service. Incidentally, over 2,000 taxi drivers are already a member of this group through local taxi companies and partnerships.

TADA Taxi is not the only app that is using blockchain applications for ride-hailing services. According to Cointelegraph, many other similar services have explored the technology of blockchain including the Chen Weixing founded Chinese ride-hailing company Kuaidi Dache.

Weixing also stated that apart from creating a blockchain-supported ride-hailing app, the service will also include deliveries. Even Uber that has been working on a centralized infrastructure for a decade from the days it was launched is planning to shift to the blockchain, reported Blockchain News. The platform that earlier worked smoothly for Uber is now posing a few problems as the entire system is operated and owned by the aggregator.

That is where blockchain applications can be of great help to Uber. Its decentralized ledger offers a high level of security to the users and directly connects the providers and the customers eliminating any need for an aggregator. It means that all the information currently being provided to the intermediary of the company after blockchain implementation will be safely and easily added to the decentralized ledger instead.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Sangati has graduated in biological sciences and also has completed P.G. Diploma in Mass Communication. She has an experience of 14 years writing for leading ad agencies, corporate and media houses, online news channels and websites. She is passionate about writing, reading, music and traveling. Sangati writes blockchain and cryptocurrency news for OWLT Market.

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