An overview of peer-to-peer ridesharing using blockchain

The potential for blockchain technology to change the ridesharing sector by bringing improved transparency, security and efficiency is promising.

By incorporating blockchain technology into ridesharing services, it is possible to develop decentralized networks that link drivers and passengers directly, cutting out the middleman. This may result in a more egalitarian system with lower transaction fees and the requirement for third-party payment processors, which would minimize driver and passenger expenses.

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