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DISRUPTING UBER AND LYFT

westsidebum

Well-Known Member
The next wave of disruptive tech is here just as uber/lyft are poised to go public next year

https://techcrunch.com/2018/10/10/origin-protocol/

A company called Origin is creating a decentralized marketplace where one can conduct peer to peer transactions and cut out the middleman such as Uber or airbnb utilizing bloc chain.

From article :




Origin launches protocol for building cheaper decentralized Ubers & Airbnbs
Josh Constine@joshconstine / 10 hours ago

The sharing economy ends up sharing a ton of labor’s earnings with middlemen like Uber and Airbnb, and $38 million-funded Origin wants the next great two-sided marketplace to be decentralized on the blockchain so drivers and riders or hosts and guests can connect directly and avoid paying steep fees that can range up to 20 percent or higher. So today Origin launches its decentralized marketplace protocol on the ethereum mainnet that replaces a central business that connects users and vendors with a smart contract.

“Marketplaces don’t redistribute the profits they make to members. They accrue to founders and venture capitalists,” said Origin co-founder Matt Liu, who was the third product manager at YouTube. “Building these decentralized marketplaces, we want to make them peer-to-peer, not peer-to-corporate-monopoly-to-peer.” When people transact through Origin, it plans to issue them tokens that will let them participate in the governance of the protocol, and could incentivize them to get on these marketplaces early as well as convince others to use them.
 

CvilleUber

Well-Known Member
You would absolutely need extra insurance (whereas now it's a bit gray where my auto insurance ends and Uber's picks up).

Also - if you take Uber/Lyft out - who verifies drivers (at least makes sure they don't have suspended licenses and cars without insurance/registration)?
 

westsidebum

Well-Known Member
You would absolutely need extra insurance (whereas now it's a bit gray where my auto insurance ends and Uber's picks up).

Also - if you take Uber/Lyft out - who verifies drivers (at least makes sure they don't have suspended licenses and cars without insurance/registration)?
The real question is verification and insurance worth 25 percent of your earnings for ever?
 

CvilleUber

Well-Known Member
The real question is verification and insurance worth 25 percent of your earnings for ever?
Yes. Also a question of legality - Uber/Lyft have paid a lot of money to be a TNC partner across the world. I'm not sure ofthe local government's take on me taking money from riders based a contract between them and me. Sounds like a limousine/for-hire driver with none of the insurances/taxes/fees.
 

westsidebum

Well-Known Member
It's the original concept. A new business model. Either you adopt it as a tnc etc or go rogue until the regulations evolve
 

CvilleUber

Well-Known Member
The Virginia DMV is pretty straight-forward: "A TNC partner may not accept payment of fares directly"

It's not an original concept - you'll need to create your own "for hire" company, then you can sign all the contracts you want. You won't be a TNC partner or driver - because there's no "network."
 

westsidebum

Well-Known Member
Encryption would make it totally a private transaction however it is a marketplace not a service so its possible individuals could comply with local laws

The Virginia DMV is pretty straight-forward: "A TNC partner may not accept payment of fares directly"

It's not an original concept - you'll need to create your own "for hire" company, then you can sign all the contracts you want. You won't be a TNC partner or driver - because there's no "network."
Yes and Origin is a marketplace not a rideshare service
 
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