US - based ride - share company Arcade City is an attempt at integrating and Lyft with a blockchain - backed decentralised system for its drivers , which allows the company to offer its drivers more flexibility over the rates they charge , rather than have rates decided centrally by the Uber or Lyft main ##frame . Blockchain company Ethereum is behind the technology enabling these more lucrative driver contracts . It plans to deliver a working proof of concept by the end of April , with as many components of its business model , including governance , licensing , and eventually insurance and adjudication , moved to the blockchain .
US-based ride-share company Arcade City is taking aim at Uber and Lyft with a blockchain-backed decentralised platform for its drivers, which allows the company to offer its drivers more control over the rates they charge, rather than have rates decided centrally by the Uber or Lyft main office. Blockchain company Ethereum is behind the technology enabling these more lucrative driver contracts. It plans to deliver a working proof of concept by the end of April, with as many components of its business model, including governance, financing, and eventually insurance and adjudication, moved to the blockchain.