Blockchain technology is spreading into the auto industry, offering up several use-cases from auto financing to supply chain tracking. And now the distributed ledger technology will be used for ridesharing, to allow drivers and riders to securely share information through decentralized networks, eliminating intermediaries.
Pool My Ride, a startup peer-to-peer rideshare, will utilize blockchain technology — starting in August — to enable its carpoolers to make digital payments for their rides, co-founder Rajat Talwar told Mobility Buzz.