{"id":504304,"date":"2022-10-28T00:30:00","date_gmt":"2022-10-27T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/solana-based-protocol-seeking-to-decentralize-ride-sharing-raises-9m\/"},"modified":"2022-10-28T00:30:00","modified_gmt":"2022-10-27T21:30:00","slug":"solana-based-protocol-seeking-to-decentralize-ride-sharing-raises-9m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/solana-based-protocol-seeking-to-decentralize-ride-sharing-raises-9m\/","title":{"rendered":"# Solana-based protocol seeking to decentralize ride-sharing raises $9M"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28700a982f6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28700a982f6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/solana-based-protocol-seeking-to-decentralize-ride-sharing-raises-9m\/#%E2%80%9D_Solana-based_protocol_seeking_to_decentralize_ride-sharing_raises_9M_%E2%80%9C\" >&#8221; Solana-based protocol seeking to decentralize ride-sharing raises $9M &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Solana-based_protocol_seeking_to_decentralize_ride-sharing_raises_9M_%E2%80%9C\"><\/span>&#8221; Solana-based protocol seeking to decentralize ride-sharing raises $9M &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvZTg5ZDg5MDAtZGIwNi00MDU5LWI0ZmYtNTYzNmMxMDE1ODgzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>The ride-sharing industry is poised for another paradigm shift with Web3 protocols, allowing new companies and drivers to bid for rides using a matching algorithm, according to the Decentralized Engineering Cooperation (DEC) \u2014 the company behind the Solana-based protocol <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">TRIP<\/a> that enables mobility-based <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications.<\/p>\n<p>According to DEC, on the TRIP ecosystem, companies and riders can collaborate and compete in a shared marketplace. The protocol also rewards the most active participants with stake in its governance for both drivers and customers.<\/p>\n<p>The first company to operate on TRIP is Teleport, a decentralized ride-sharing application set to be launched in December and run by the parent company DEC. On Oct. 27, the company announced a $9 million seed round co-led by Foundation Capital and Road Capital.\u00a0<\/p>\n<p>DEC CEO and Teleport co-founder Paul Bohm told Cointelegraph that Web3 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, including TRIP, will compete to replace &#8220;closed platforms run by corporate monopolies with decentralized protocols that are open source, competitive, and fair for everyone.&#8221;<\/p>\n<p>Bohm stated that the additional funding will be used to &#8220;launch TRIP permanently in specific cities.&#8221; It will also help the company achieve its decentralization milestone.<\/p>\n<p>By using a blockchain-based solution, riders using the TRIP ecosystem can pay using USD Coin (USDC) on Solana and fiat currencies through Apple Pay, while drivers will be able to accept the stablecoin as payment straight to their bank accounts or have it deposited into their wallet.<\/p>\n<p>\u201cBy turning ride-sharing into a protocol, Teleport is building what we couldn\u2019t build at Uber in 2010, and what Uber should be building today,\u201d said Ryan McKillen, a former Uber employee and one of the investors who joined the seed round. Additional investors include Thursday Ventures, 6th Man Ventures, 305 Ventures, Common Metal. <\/p>\n<p><strong><em>Related:\u00a0Web3 is the solution to Uber\u2019s problem with hackers<\/em><\/strong><\/p>\n<p>The market size for ride-sharing is expected to grow to $344.4 billion by 2030,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/09\/28\/2304958\/0\/en\/Ride-Sharing-Market-Size-to-Worth-Around-US-344-4-Bn-by-2030.html\"> according<\/a> to Precedence Research <\/p>\n<p>Data from Statista<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/833743\/us-users-ride-sharing-services\/\"> shows<\/a> that Uber is the most popular ride-sharing app in the world, with 93 million people using the application on a monthly basis. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/solana-based-protocol-seeking-to-decentralize-ride-sharing-raises-9m\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Solana-based protocol seeking to decentralize ride-sharing raises $9M &#8220; The ride-sharing industry is poised for another paradigm shift with Web3 protocols, allowing new companies and drivers to bid for rides using a matching algorithm, according to the Decentralized Engineering Cooperation (DEC) \u2014 the company behind the Solana-based protocol TRIP that enables mobility-based applications. According&#8230;<\/p>\n","protected":false},"author":1,"featured_media":504305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvZTg5ZDg5MDAtZGIwNi00MDU5LWI0ZmYtNTYzNmMxMDE1ODgzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75719,92498,82350,93542,117,71745],"class_list":["post-504304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-funding","tag-solana","tag-usd-coin","tag-web3","tag-business","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/504304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=504304"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/504304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/504305"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=504304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=504304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=504304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}