To solve value maldistribution and the lack of trust within the ridesharing sector and the greater sharing economy.
Hundreds of millions of people are subject to disproportionate value extraction imposed by intermediaries. The lack of trust has led to a negative feedback loop; distrust in intermediaries, more regulation, lower growth, lower created economic value and users with such high distrust that they can’t cooperate to break out of the bad equilibrium. Ridesharing needs a trustless system that facilitates total value transfer amongst network participants.
This need has presented the opportunity for decentralized application protocols to realise a true sharing economy.
The potential positive impact that CRUZEO can provide to the prosperity of hundreds of millions users which comprise the global ridesharing industry is a humbling responsibility that we fully embrace. We feel personally responsible for the livelihoods of X sharing economy workers, and make it our philosophy to act accordingly.