The La'Zooz Ridesharing Platform Runs on Digital Tokens
Alyson Wyers — February 12, 2015 — Autos
References: lazooz.org & springwise
While Uber may be under fire for its rate-surging practices, this ridesharing platform is based on a cryptocurrency. Owned by its users, La'Zooz runs on Zooz digital tokens and offers real-time liftsharing services.
In addition to enabling drivers to communicate with potential passengers about availability in their vehicles, La'Zooz runs on a Bitcoin-like currency instead of a driver fee or gas-splitting.
Another differentiating factor is the decentralized model of the ridesharing platform. Instead of being owned by investors or the founders, La'Zooz is owned by the user community. Depending on how they improve the service through their participation, those using the carpool service are rewarded with Zooz tokens.
La'Zooz requires a large user base to function properly, so they are working on building this number.
In addition to enabling drivers to communicate with potential passengers about availability in their vehicles, La'Zooz runs on a Bitcoin-like currency instead of a driver fee or gas-splitting.
Another differentiating factor is the decentralized model of the ridesharing platform. Instead of being owned by investors or the founders, La'Zooz is owned by the user community. Depending on how they improve the service through their participation, those using the carpool service are rewarded with Zooz tokens.
La'Zooz requires a large user base to function properly, so they are working on building this number.
Trend Themes
1. Decentralized Ridesharing - Disruptive innovation opportunity: Develop decentralized ridesharing apps that use digital tokens for payment instead of traditional methods.
2. Cryptocurrency-based Platforms - Disruptive innovation opportunity: Create ridesharing platforms that use digital currencies for transactions and rewards, rather than traditional payment methods.
3. User-owned Platforms - Disruptive innovation opportunity: Develop user-owned ridesharing apps that reward participation with digital tokens, creating a community-based model for more sustainable transportation services.
Industry Implications
1. Ridesharing Services - Disruptive innovation opportunity: Enhance the current ridesharing industry by developing decentralized, cryptocurrency-based models that democratize ownership and reward user participation.
2. Cryptocurrency Industry - Disruptive innovation opportunity: Increase adoption and use of digital currencies by integrating them into transportation services, demonstrating the practicality and versatility of these innovative payment methods.
3. Shared Mobility Industry - Disruptive innovation opportunity: Combine digital currencies with shared mobility to create a more sustainable and community-based model for transportation, where users are incentivized to share resources and reduce carbon emissions.
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