Connect with us

LEARN HOW TO TRADE, BITCOIN, EOS, ETHEREUM, LIGHTBLOCKS MEDIA

get a dubai visa and apartment with bitcoin

cryptocurrency

How Everest Changes the Transportation Sector with Blockchain Technology 

Published

on

How Everest Changes the Transportation Sector with Blockchain Technology 
Join telegram Channel

LEARN HOW TO TRADE, BITCOIN, EOS, ETHEREUM, LIGHTBLOCKS MEDIA

The transportation industry is evolving, with new technology, goods, and services profoundly altering customer expectations and prospects. Previously dominated by private automobiles vs public transportation, transportation is now a considerably more complex and multidimensional topic, a field with a potential for greater innovations. 

There have been difficulties in the transportation sector. One of these problems is a lack of governance. Due to the centralized architecture of current ride-sharing platforms, stakeholders such as drivers and riders have no direct influence over the platform and are frequently shut out when crucial decisions affecting them are made. In addition, little has been done to help the driving community and their needs.

Another pressing problem is the increase in commission fees. The commissions charged by ride-sharing platforms have progressively increased. This has had a severe impact on drivers since some find it difficult to meet the costs of automobile fuel and maintenance while also remitting a considerable portion of their earnings to the firms.

AAX P2P is Live Now to Nigerians

Who is capable of resolving these issues?

Introducing Everest – A Decentralized Mobility-as-a-Service Platform

Everest is a blockchain-based decentralized mobility-as-a-service platform that provides urban transportation and logistics. The platform is transforming the transportation industry by establishing an ecosystem for transportation and logistics businesses to survive and expand, all while operating on a secure and decentralized blockchain network.

Everest $EVR token

Everest’s primary goal is to accelerate the growth of the transportation and logistics sectors in Africa and beyond. With the multiple issues confronting the transportation sector, Everest has developed a blockchain-based solution that will benefit all parties in the ecosystem.

What is Blockchain Technology?

Blockchain technology has sparked considerable interest in a variety of sectors and fields in recent years. This is because it can significantly alter the way information or data is kept and used, improving transparency and security while also improving transactions.

Although blockchain technology may appear to be complicated at first, it is quite simple to grasp. It is a collection of public records, sometimes known as a public ledger, where transactions between parties are recorded or listed. Each record, referred to as a ‘block’ in blockchain parlance, is encrypted.

AAX P2P is Live Now to Nigerians

One of the most important characteristics of blockchain technology is the decentralization of data, with information shared over a peer-to-peer network. Each block includes transaction information as well as a timestamp. Blocks are also permanent and cannot be changed without the approval of the entire network and without affecting all following blocks. Data stored in the blockchain is more secure, traceable, and transparent due to its decentralized, permanent, time-stamped, and unalterable nature. After all, there is no single point of failure or weakness, and the data itself is immune to change and unauthorized tampering.

Blockchain technology has the following advantages: it is transparent, fair, efficient, dependable, and free. This is why building on the blockchain is one of the amazing things for each sector of an economy. 

The Everest Ecosystem

Everest is powered by blockchain technology, which includes its native token ($EVR), smart contracts, distributed ledger technology, and a transparent system that ensures service efficiency. The system is intended to connect drivers, riders, and other stakeholders, creating a tokenized economy of services and exchange.

One of the services available is decentralized ride-sharing, and you can order a transport whenever you want. For travel within and between cities, inter-city ride services are also available. You may also utilize the route ride option to plan rides from one major bus stop to another that will arrive on time.

The core members of the Everest ecosystem include drivers, riders, fleet managers, and HODLers. The drivers provide rides, deliver packages, manage vehicles and also work as independent contractors. As a core member, Everest is designed to meet their needs, ensuring a long-term partnership.

The riders are direct users of Everest because they can book rides and request logistics services. Riders can arrange a ride through the app and use the native token to pay for each successful journey or delivery. Fleet managers are also ecosystem members because they have drivers and cars onboarded on the platform. As a result, they now have easy access to a means for monitoring their vehicles.

The last core members of the Everest ecosystem are hodlers of the EVR token. HODlers are Everest members because they are crypto and blockchain enthusiasts. These investors buy and hold $EVR regardless of price, and they benefit from staking and price pumps.

The Future of Mobility

Everest is the future of the transportation sector

With the issues in the transportation business, Everest is positioned to revolutionize the game. As Africa’s number one mobility-as-a-service platform, trust is vital. Everest guarantees that the blockchain is used to power the platform so that all players in the ecosystem can profit from one another. The blockchain network distributes information in a decentralized manner, making it difficult for a single person to effect transactions.

There’s no better time than now to join the $EVR gang. You can participate in its upcoming IDO and own a share of the $EVR token. 

buy / sell bitcoin in Nigeria, uae, ghana

Copyright © 2020 LightBlocks