Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Editor's Pick

Web3 Ride-Hailing App DRIFE to Integrate with Layer 1 Sui Blockchain

Decentralized taxi app DRIFE has integrated Layer 1 Sui blockchain, to offer seamless and simplified onboarding process for ride-hailing users.

The blockchain-based mobility platform operates in India and the UAE providing fair and transparent ride-hailing experience. DRIFE’s key benefit is its ability to eliminate intermediaries, ensuring direct transactions between riders and drivers.

By migrating to Sui blockchain, DRIFE will utilize its features including ZKlogin, which enables frictionless user interaction. Per a company release, Sui offers a fair solution for drivers that suffer due to centralization and high commission rates.

DRIFE has chosen Sui due to the blockchain’s scalability, security and cost-effectiveness, says Firdosh Sheikh, founder of DRIFE.

“This aligns perfectly with our goal of creating a seamless user experience and lowering entry barriers” Sheikh added. “Moreover, SUI’s scalability and speed are paramount, ensuring DRIFE can accommodate rapid growth and deliver real-time services efficiently.”

In February, the Sui network recorded a staggering spike in transactions and TVL soaring to $593 million in transactions. Sui’s momentum moved past other networks like Aptos and Cardano in terms of TVL.

Decentralized Ride-Hailing are the New Era of Transportation

Sheikh believes that blockchain-based ride-hailing platforms could disrupt and revolutionize the industry. This is achieved through the immutability of transactions on blockchain, which potentially helps to restore trust between drivers and riders.

“As these technologies continue to evolve, they will likely reshape the entire landscape, offering users and drivers a more efficient, equitable, and sustainable mobility solution,” she said in an interview with

“As blockchain-based solutions continue to evolve, they may reshape the industry in ways that are both innovative and sustainable.”

Further, she touched on the use of blockchain in ride-hailing businesses like DRIFE, contributing to their profitability and sustainability. Blockchain could reduce operational costs, leverage tokenization and incentive mechanisms to reward users for active participation, and empower stakeholders, Sheikh added.

The post Web3 Ride-Hailing App DRIFE to Integrate with Layer 1 Sui Blockchain appeared first on Cryptonews.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...


    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024