pijayplow: RideNode - a transportation, security and shipping platform that utilizes blockchain technology

INTRODUCTION

It merits thinking about that when the ride is done both the drivers and the travelers utilize the application to rate one another. not at all like the customary cab administrations, where the drivers have no unavoidable enthusiasm for being decent to their travelers, the vast majority of the ride hailing administration drivers will in general be as pleasant as they can to their clients so that toward the finish of the rides the clients will give them a decent evaluating.

Then again, the rating that the driver will give you will be remembered for the general rating that the ride hailing administration application relegates to you. A low in general rating doled out to you by the application might just impact the choice of other ride hailing administration drivers to reject giving you a ride, or in extraordinary cases may prompt the ride hailing administration organization forbidding you from utilizing their administrations.

About Project RideNode.

A RideNode™ is a smart contract and digital currency apparatus that leverages proprietary blockchain technology. The inspiration and vision on which RideNode™ was created upon, to become the First American Blockchain and Digital Currency for the Ride and Transportation sector, comes from how Henry Ford’s Model T went from conceptualization to becoming America’s First affordable automobile that not only opened up new markets, but also united families, improved working conditions, brought prosperity, and elevated the society at a whole.

MISSION STATEMENT

Within the first few months of RideNode’s™ ICO Launch, RideNodes™ will be utilized in the BayRide Mobile Application and capture a 5% percent market share in the present $220 billion-dollar ride-hailing industry.

“Safety Over Profits” Corporate Policy

BayRide Inc. is an innovative and groundbreaking technology services company that seeks to eliminate antiquated market competitors especially in the ride-hailing industry by first making sure the drivers are paid exactly what they are owed and that passengers are safe and secure from any kind of dangers during their rides. Hence, BayRide Inc. has deployed a 0% Commission structure for drivers.

BayRide Mobile Application and RideNode’s™ Blockchain Technology

BayRide Inc.’s main technology will be its Native Mobile Application technology for both IOS and Android operating systems. This mobile application will be welcomed with open arms in the markets by virtually every end-user because of “letting the markets decide” approach. Every end-user will benefit and stand to gain due to the decentralized structure of this technology, the Blockchain based apparatus. Therefore, the organization will immediately stand out in the market by being The First Technologies Provider Firm to truly implement a Decentralized Platform for the Ride-hailing, Executive Protection, Bodily Security and Courier Industries.

Current State of Affairs in the Blockchain Technologies Industry
From 2015 to 2017 investors across the globe witnessed the blockchain industry grow 800% in terms of initial coin offerings. Contrary to what many believe, an initial coin offering, also known as ICO, is not the same as an Initial Public Offering, or an IPO. In an IPO setting, investors pay the corporation’s board of directors, investors, and management for a slice of equity either in the form of preferred or common stock.

THE RISE PROBLEMS.

1. Unsustainable Business Model

The market’s top ride-hailing companies are reporting mind-blowing consecutive financial losses that signals that their current business model is not sustainable in the new digital age.

2. Nationwide Protests and Strikes by Uber and Lyft drivers
Drivers are currently disgruntled and angry at two conglomerate ride-hailing companies: Uber & Lyft.

3. Uber & Lyft Continue to Show Lack of Concern or Regard for Riders

Competitors such as Lyft and Uber have shown to endanger passengers and severely undervalue drivers to the detriment of both parties involved.

4. Uber and Lyft’s 40% Commission Structure for its Drivers is Extortion

A reasonable person would agree that a 40% cut from drivers is untenable.

5. Passenger Fares are Skyrocketing

Passengers constantly complain about their fares skyrocketing. Reports of falsified price surges prevail throughout the industry.

6. Decline of the Value of Traditional Taxi Medallions Nationwide, Now Worth Virtually Nothing

Taxi cab owners, like the NYC Yellow Cab Owners, who spent a fortune for the city medallions just to operate, now find those medallions devalued significantly and worth virtually nothing.

7. Automation Threatening the Economics of Ride-hailing Markets

Automation in the market means no more driver jobs in the near future and income displacements for several middle-class families.

8. Lack of Accountability for Shareholders by the Current Industry Leaders: Uber and Lyft

Companies like Uber and Lyft are taking massive advantage of their shareholders and investors evidenced by the first Quarter 2019 earning reports of record losses. Essentially, these market companies are insolvent, and thus investors are going to suffer massive losses.

THE SOLUTIONS

BayRide Incorporated is the most technologically advanced ride/transportation, security, and delivery organization which has positioned itself to disrupt the present-day ride-hailing market particularly, and to revolutionize it by assimilating the security and courier industries.

1. The BayRide Mobile Application – THE GREAT DISRUPTER

BayRide Inc. is the FIRST ridesharing and ride-hailing mobile application that leverages not only the Blockchain technology

2. RideNode™ – Commencing the Decentralization Process in the Ride-hailing Market

Imagine not having to worry about currency exchanges to get a ride from the airport to your hotel.

3. S.M.A.R.T.CHAIN™
BayRide Inc.’s proprietary patent-pending technology called “S.M.A.R.T.CHAIN™”

4. S.M.A.R.T.FARE™

RideNodes™ are introduced in the BayRide Mobile Application as a digital currency payment option.

5. Ride.P.A.L.™

Ride.P.A.L.™ stands for Ride Providing Accurate Location.

6. RideEx™- An On-Demand Package Delivery Service for Extreme and Necessary Situations

RideEx™ is a DISTRIBUTED CHAIN DELIVERY & COURIER LOGISTICAL APPARATUS TECHNOLOGY (“D.C.D.C.L.A.T.” is provisionally patent pending as a utility)

7. RideGuard™- A Beautiful Combination of the Executive Protection Industry Utilizing the Current Market of Ride-hailing

Bayride Inc. was founded on the principle of Safety over Profits

8. Ride-hailing Automobile Operators Union

For the first time in the ride-hailing industry, BayRide Inc.

9. The OnAir™ Initiative

This service (where available) provides next level security by sending drones to the troubled locations.

10. Digital Medallions – DRIV tokens

BayRide Inc. understands that the future of the ride-hailing industry must work together with

municipalities.

TOKENOMICS

1. Utility vs. Security Tokens: A Recap

As per the Securities and Exchange Commission (SEC), whenever a company chooses to raise funds via an ICO, an in depth and thorough analysis by the start-up company itself must be conducted to determine whether that particular ICO is executing a sale of securities, hence security tokens, or is selling specific use tokens, better known as utility tokens.

2. The Howey Test Analysis

The Supreme Court case of SEC vs. Howey established the test for whether an arrangement involves an investment contract.

Use Cases