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Founder of Chinese Ride Hailing Company to Launch Blockchain-Based Taxi App via @cointelegraph

According to CoinTelegraph, “Chen Weixing, the founder of Chinese ride hailing company Kuaidi Dache, is planning to launch a blockchain-based ride hailing app, China Money Network reports May 28. “Chen is partnering with co-founder of Meituan Yang Jun to launch the project. Chen aims to create a platform that will offer lifestyle services such as ride hailing and […]

By Chris Sykora · May 29, 2018
Founder of Chinese Ride Hailing Company to Launch Blockchain-Based Taxi App via @cointelegraph

According to CoinTelegraph, “Chen Weixing, the founder of Chinese ride hailing company Kuaidi Dache, is planning to launch a blockchain-based ride hailing app, China Money Network reports May 28.

“Chen is partnering with co-founder of Meituan Yang Jun to launch the project. Chen aims to create a platform that will offer lifestyle services such as ride hailing and deliveries, among others. At the China International Big Data Industry Expo 2018 Jun said:

“’I’ve been asking myself what’s the value of the blockchain. My definition is to see whether and where people can actually use it. With the use of blockchain, we can build a set of economic systems different from the previous ones…We can direct traffic from the Internet and add on different services to meet users’ needs.’”