Dubai’s RTA Licenses DRIFE, The First Web3 Taxi Platform
Dubai Road & Transport Authority has licensed DRIFE, the first Web3 Blockchain-enabled Taxi platform in the UAE. DRIFE is a decentralized ride hailing platform that uses blockchain technology to create a transparent, secure, and cost-effective peer-to-peer network for drivers and riders.
DRIFE, in partnership with local franchise partner AASA Passenger Mobility Services LLC, is set to disrupt Taxi 2.0 companies like UBER, Lyft, and Careem.
These companies have eroded drivers’ benefits and earnings due to high commission rates and controlling customer prices.
DRIFE offers an innovative, transparent, fair solution that empowers both drivers and riders, offering a zero commission fee structure, allowing drivers to earn more income and pass on savings to riders.
(With inputs from Shikha Singh)
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