Use of blockchain to solve the problem

Sled will be built on the Solana ecosystem because it offers high throughput, low transaction costs and rapid settlements.

Decentralization

Blockchain by nature is a decentralized system, which means heavy fees charged by centralized entities can be vastly reduced or eliminated in some cases. This also means that both drivers and riders can vote the direction in which the platform is heading.

Transparent service and pricing

Blockchain ledger records all the transactions which are visible to all the parties involved there by fostering trust and transparency in the system. This can also enable a culture where dispute resolution becomes easy and simple.

Automated & Cross-border Payments

Smart contracts are setup to automatically execute payments between riders and drivers once the terms of the ride are met. This also ensures that payments to drivers are prompt with no hidden fees. Conveniently use the platform in different geographic locations across the globe with no requirement to install a new local application.

Reward driven ecosystem

Good behaviour in the ecosystem is rewarded with perks in the shape of tokens. Behaviours such as eco-friendly driving, carpooling, quality of service will be incentivized.

Secure Data Handling

With Solana blockchain technology, sensitive user data such as trip history, payment information and personal information can be encrypted and securely stored on-chain, wich can only be accessed by authorized users.

Democratic Governance

Sled will incorporate a governance model where token holders can vote on updates to the platform, changes to fee structures, incentivizing good behaviour and other important decisions there by fostering a truly community-driven platform.