Solana

<p>The post <a href="https://coinpedia.org/crypto-live-news/solana-blockchain-powers-teleports-innovative-rideshare-launch/" rel="noopener noreferrer nofollow">Solana Blockchain Powers Teleport’s Innovative Rideshare Launch</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>A rideshare service called Teleport, built on the Solana blockchain, has launched with 857 drivers in its genesis city. As a result, Solana co-founder Raj Gokal praised this initiative, noting its potential for success where others have failed. The predicted success is attributed to the usage of the Trip protocol, which offers a more equitable fare distribution by taking just 15%, compared to Uber’s 44%. Additionally, this decentralized model aims to reduce recruitment costs through on-chain rewards, promising lower costs for riders and higher earnings for drivers. Overall, Gokal’s support highlights the transformative potential of blockchain technology in reshaping the rideshare industry.</p>

Solana Blockchain Powers Teleport’s Innovative Rideshare Launch

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