Introduction

Over the past decade, the ride-hailing industry has experienced significant growth, but high fees, a lack of transparency, and data privacy concerns have also plagued it. Traditional ride-hailing applications operate in closed ecosystems, where their user bases are isolated, leading to fragmented markets and limited opportunities for new entrants to compete with established players.

To address these issues, nRide is developing a p2p ride-hailing protocol that connects riders and drivers directly, eliminating intermediaries. By removing middlemen, nRide aims to reduce fees and increase transparency, while also creating a more equitable platform for drivers and riders. Additionally, nRide solves the problem of isolated user bases by providing a standardized way for ride-hailing applications to connect with each other and access a larger user base, fostering a more open and competitive marketplace.

nRide consists in an open-source software stack that includes a messaging protocol, an escrow mechanism, and a driver registry. The messaging protocol enables secure direct communication between riders and drivers, ensuring that all information shared between the two parties is kept private and secure. The escrow mechanism ensures that both riders and drivers fulfill their commitments by holding funds in escrow until the pickup is completed or canceled. The driver registry is a shared database of drivers' information used by all nRide-compatible applications.

The nRide platform is powered by the NRIDE token, a dual utility and governance token that provides access to the nRide platform and its services. It also allows holders to participate in the decentralized governance mechanism of the nRide DAO. This community-driven approach ensures that any central authority or single entity does not control the project, but instead is governed democratically by the community. This governance model aims to create a vibrant token economy of builders, users, drivers, entrepreneurs, and other stakeholders who can participate in the growth and direction of the project.