Teleport, a revolutionary ride-sharing app built on the Solana blockchain, is set to challenge industry giants like Uber with its innovative approach to driver compensation and user experience. By leveraging blockchain technology, Teleport offers a mere 15% fee to drivers, a stark contrast to Uber’s 44% cut.
This dramatic reduction in fees allows drivers to keep more of their earnings, potentially attracting a wave of new service providers to the platform. Teleport’s use of Solana’s fast and affordable blockchain ensures cost-efficiency while maintaining transparency and security in all transactions.
The Decentralized Engineering Corporation (DEC), the team behind Teleport, has secured $9 million in seed funding to develop and deploy the app and its underlying Ridesharing Protocol, TRIP. To incentivize early adoption, Teleport offers ‘TRIP’ awards to both drivers and passengers.
As the ride-sharing industry evolves, Teleport’s blockchain-based model could represent a significant shift towards more equitable and transparent transportation services. With its lower fees and innovative technology, Teleport is positioning itself as a formidable competitor in the global ride-sharing market.
