WHY BLOCKCHAIN?
WHY BLOCKCHAIN?
Justin Giuliano, President of Blockchain Operations, explains why blockchain technology will revolutionize the transportation sharing economy and how Helbiz is implementing it to conquer the car sharing sector in particular.
While car sharing has been around for some time, it is with limited success. It has not been able to become a truly integrated part of our daily lives as the current limitations are too many. The corporate sharing services are suffering from both limited inventory, availability and car locations while the peer-to-peer sharing services are lacking the seamlessness as they are too unreliable, time consuming and demanding in terms of communication and key exchanges.
No company has been able to pair blockchain and the convenience of corporate car sharing with a true peer-to-peer model allowing every car owner to monetize their personal vehicle that sits parked 96% of the time — without requiring them to answer a single message, talk to a single renter or deliver a key.
Blockchain is the solution that not only will allow us to create the infrastructure to successfully build the needed bridge between the corporate car sharing and the peer-to-peer model, to actually become a mainstream trusted daily service, but also dramatically reduce transactions costs, fees and vehicle sharing frustrations.
Some of the significant benefits of the decentralized Helbiz platform is highlighted below.
Transcript of Video:
Blockchain allows for a cheaper alternative to car sharing. Traditional car sharing services charge high fees and call for lots of manual involvement for the customer either through long lines and wait times at the car rental office or by having to confirm pickup times and key drop offs with vehicle owners. Blockchain and by having drivers and vehicle owners pre-verified, allows for a trustless exchange of vehicles without the need of a third party. This eliminates the need of going to a rental office or designated garage or parking spot that may or may not be open or available at the time you want to rent. Blockchain or more specifically smart contracts automate contract execution and delivery from vehicle rental initiation through payment. Blockchain can connect people directly with vehicles! Eliminating physical documentation, such as rental agreements, allows drivers to travel on on their own time. Anytime, anywhere a person can have access to vehicles across the globe with a single payment source.
