REDCAB BOUNTY CAMPAIGN DESCRIPTIVE PROJECT>

In this modern age, the transportation industry is one of the industries, that affects our lives daily. Everyone needs a transport to get to home, work or visit his friends and families. However, until now, still many issues in the market are unresolved. The blockchain technology can help, to resolve some of the issues and we are happy to observe, that more and more blockchain projects are offering solutions for this. Yet the blockchain industry is a new field, and exchange knowledge and building partnerships are one of the key aspects of a successful project.

RedCab LLC is a fast forward company with technological and futuristic business model in the transportation space. From technical aspects to business model, a dedicated research team spent a whole year of research to gather needs, find market gaps and assess potential with a clear understanding of customer requirements and customer experience.

Our team was established in 2016, and launched in 2017 with a concrete roadmap for the future of peer-to-peer transportation services

Mohamed Mousa Co-Founder & CEO Walid ElGendy Co-Founder & CBO

The goal of RedCab "Token Sale" is to transform our business model into a decentralized ecosystem that allows access to global markets with a transparent approach, reducing transportation costs for end users to save more than $ 60 billion through intermediary businesses, and to develop our infrastructure for addressing increasing international demand for transportation services around the world through the development of powerful scalable tools.

Our Company Background

RedCab LLC was founded by mid of 2016 to reinvent the peer-to-peer transportation solutions by solving a real problem through understanding the root causes of riders’ and drivers’ actual needs, and deliver an innovative solution governed by customer experience, transparency, and efficiency. 

RedCab LLC gives the chance for everybody to freelance as integrated service providers working on peer-to-peer scale, while taxi companies operate as an aggregated professional service provider.

 Our business model is designed to deliver 100% of the benefits to users versus 100% earnings to drivers and taxi companies through decentralizing the whole process. 

The performance matrix and rewards program for drivers is designed to ensure that every single ride gets the highest quality from a customer experience standpoint, while a psychological factor is subtly implemented to govern the customer satisfaction part, and processes are in place to ensure safety of both parties.

" A Decentralized Peer-to-Peer Transportation solution powered by Blockchain technology

 and governed by smart team "

Problem Solving: Why Chose RedCab?

Many start-ups have been rising in the market recently to solve the transportation issue. Most of them are successful as a business, but none of them have succeeded without a social collateral damage.

Despite the fact that technology has bridged the gap for transportation needs and has successfully solved some problems in the past 10 years, this left us with multiple copycat business models without any iteration or innovation. Customers are not only searching for a trendy service, but looking for a true reliable service with sustainable quality and safety, that offers all transportation options and services with a low competitive price, and because customers hate to be abused; so on a rainy day, or a day with heavy traffic; “high rates” fare is not a good move.

From another side, the main pillar in the transportation industry are the drivers. Based on a recent survey conducted on drivers working as part time for one of the major car hailing services App, 91% of the population have joined the hailing service Apps to increase their income and 87% to work flexible shifts.

RedCab LLC will integrate 100% of the offered services in our mobile app available on both stores - App store and Google play - to ease the process of paying for all transportation services, monitor usage, and privilege from a multi-layered usage platform. Offered Services Car Hailing,  Car Pooling, Hotel & Airport transportation Delivery service, Pick up service.

Our business model guarantees 20% increase in the income of drivers with a clear strategy to capitalize on the network dominance where the time of the people who chose to partner with us and drive is managed more efficiently. This will lead to a sustainable cost advantage. Therefore, increasing the demand, which will allow the average RedCab driver in a city to complete more rides in a given hour, and consequently lowering the cost on the user, and the process loops again.

I think it's enough for information in this session, look forward to the latest information in my next post, and thank you for your attention