DRIFE, the world’s first decentralised blockchain-based ride-hailing platform announced today that it former Uber (NYSE:) director Daniel Mangabeira Dantas has joined Drife as a Strategic Investor and Policy Advisor. As a former political advisor to the UK Ambassador to Brazil as well as one of the architects of the ridesharing regulatory debates in Brazil and Latin America, Mangabeira has over 20 years of experience in regulatory, policy, government and institutional relations and most recently served as Uber’s Head of Policy for Latin America.

Relationship with DRIFE

When coming across DRIFE’s business model and technology, Daniel promptly stepped forward and engaged in conversations on how to both invest and contribute to the growth of the project. Daniel has a wealth of experience in tech-intensive mobility and has extensive experience scaling high-growth businesses. DRIFE’s engagement will allow Daniel to make strategic contributions both on the compliance and regulatory fronts. This will help Drife scale up more efficiently, consolidating its global reach.

Daniel Mangabeira states

“Blockchain-based technologies have been my favorite enabler of decentralized project creation for quite some time,”
Daniel.

But I am passionate about projects that have a direct impact on people’s lives. This explains why I was so excited to read the DRIFE whitepaper and came across DRIFE. DRIFE’s model of business, which is supported by blockchain-based token-intensive governance protocols and token-based crypto-intensive governance protocols, will be a great asset to ridesharing companies as they are today. The kind of innovation it is, despite being contradicting, can add significant value to ride-hailing’s ecosystem.
What value can DRIFE’s decentralised model add to urban mobility?

In the Ridesharing space, DRIFE takes inspiration from more consolidated ridesharing models – but makes use of distinct blockchain-based technology and innovative crypto-intensive economics. DRIFE also introduces a new, decentralized language to the ride-hailing environment: the platform’s flexible peer-to-peer marketplace allows for significantly increased customization. DRIFE’s unique decentralized, NFT-based franchise model will seek to enable riders, drivers, fleet owners, and local transportation companies to govern themselves more efficiently, thus making use of innovative and powerful technology to run a fair and cost-effective business model.

Firdosh Sheikh is CEO and founder

We are honored to be partners with Daniel, and we are glad to share some of his amazing tech-related experience and skills. DRIFE seeks to be a part of a community of like-minded people that share our beliefs. That can, of course, help us remain on the cutting edge of new ideas. The partnership we have formed will allow us to move forward on the path towards creating a sustainable, fair, and environmentally-friendly global mobility infrastructure.
What’s Next for Drife? : DRIFE’s Pilot Launch in Bangalore, India in November:

DRIFE’s pilot launch will take place in Bangalore, India during the second week in November 2021. DRIFE Bangalore will have more than 1,000 drivers registered and over 20,000 riders already onboard. DRIFE aims to expand its driver base to 10,000 by the end of Q1 2022. DRIFE is in the final stages of receiving operational approval in Brazil and France. There are plans to expand into the US, EU and Asian markets.

DRIFE is the only ride hailing platform entirely built with blockchain technology. This tokenizes every stage of the ride experience. By allowing riders to openly connect with drivers through the decentralised platform, DRIFE’s platform brings to both drivers and passengers a more competitive model. This platform allows riders to pay in cryptocurrency and drivers can take home 100%.

FinancialNewsMedia provides the following information.

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