Chinese Version Of Uber On Blockchain In The Offing

Kuaidi Dache Blockchain

Former founder of Chinese ride-hailing app Kuaidi Dache, Chen Weixing has disclosed plans to establish a blockchain-based ride-sharing counterpart of Uber.

The new framework divulged at the 2018 Guiyang BigData Expo post-event function will be created with Yang Jun, co-founder of Meituan, one of the biggest group discount apps in China, according to a WeChat post

As reported by China Money Network, the executive said:

“Ride-hailing is the first time blockchain will be tested on a social application on a mass scale.”

Although he did not reveal which blockchain platform would be utilized, or how he plans to address the scalability issues, Chen’s new project is important considering his background in producing apps around the ride-hailing case.

Chen founded Kuaidi Dache in 2012 and the firm gained outright acceptance to the Chinese riding public and overtook Didi Chuxing, another Chinese ride-hailing app.

Didi Chuxing is backed by VC and internet giants Tencent and Alibaba respectively, who merged in 2014. The firm later acquired Uber in China.

As a vocal proponent of Blockchain in China, Chen’s move to incorporate blockchain into his business is expected.

(Image Source: cdn.techinasia.com)

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