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Blockchain, Featured, News, Press Release

HashCash to Develop Blockchain Ride-Sharing Solution for a European Company

HashCash Consultants is elated to announce a strategic alliance with a major Europe-based company. HashCash will offer its expertise in blockchain technology and build a peer-to-peer(P2P) ride-sharing platform based upon the same.

Blockchain-Powered Ride-Sharing App

Ride-sharing is quickly becoming popular across the globe, especially in Europe. But, in spite of advantages such as low pollution and reduced fossil fuel consumption, there are challenges to the effective organization of ride-sharing services, particularly in terms of scalability. Blockchain technology built on the principles of decentralization addresses most of them, providing economic and optimized results without the need for additional intermediaries. 

CEO Speak

HashCash CEO and eminent blockchain pioneer Raj Chowdhury made the following statement in regards to the venture:

“The intrinsic characteristics of blockchain make it a highly versatile technology that facilitates real-time access while optimizing operations. The technology also boosts security, making it an ideal option for ride-sharing applications and supply chain management.”

Also Read: HashCash Declares Massive 50% Discount on their White Label Crypto Products

Merits of Blockchain in Ride-Sharing

The main challenges in conventional car-sharing apps include deficits in transparency, privacy, security, and high centralized intermediary fees. As a foundational technology, blockchain prioritizes immutability, network data-sharing in real-time, and multi-point defensive security. The inherent traits make the technology the perfect solution against cybercriminals, overcharging intermediaries, and more. In addition, users also can avail the option of payment in cryptocurrencies.  

“Blockchain as technology guarantees quick efficient transactions, streamlining economic activities. Strengthened security features through smart contracts ensure drivers comply with the required legal standards in addition to accurate pricing models and transparency throughout the entire process,” concluded Chowdhury.

Wrapping Up

The latest HashCash ride-sharing venture will bolster blockchain incorporation in sectors other than BFSI, crypto, and supply chains. Businesses seeking further growth opportunities in the era of digital business transformation can utilize this decentralized technology to their leverage. 

Source: https://finance.yahoo.com/news/hashcash-design-decentralised-blockchain-solution-070000778.html

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