Decentralized Ride-Sharing Application

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Decentralized Ride-Sharing Application

Inspired by a conversation on:

CRYPTO 101

CRYPTO 101

Ep. 681 Crypto’s Next Blowoff Top? Kyle Chassé Reveals What’s Coming for Bitcoin, DeFi & Altcoins

Host: Bryce Paul & Brendan Viehman

Timestamp: 00:22:23 - 00:23:14

Listen to Episode • View Podcast • All Ideas from CRYPTO 101

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Feather Flow

Direct Quote

"If you could just disrupt ride sharing on a decentralized application, meaning removing the middlemen and allowing that 30% profit that Uber takes to be shared by both the passenger and the driver..."

Market Gap

Traditional ride-sharing apps take a large cut from drivers' earnings.

Drivers in traditional ride-sharing applications like Uber and Lyft often face high commission fees, which can be as much as 30% of their earnings. This model limits their profitability and can lead to dissatisfaction among drivers. Additionally, passengers often end up paying higher fares due to these fees. The centralized nature of these platforms means that both drivers and riders are at the mercy of the platform's pricing and rules. A decentralized ride-sharing application could directly connect drivers and riders, facilitating transactions without a middleman, thus lowering costs for riders and increasing earnings for drivers. Given the increasing interest in decentralized finance and peer-to-peer services, this solution could tap into a growing market of users looking for better alternatives.

Summary

The idea is to create a decentralized ride-sharing application that removes the middleman, allowing drivers to earn more and passengers to pay less. Similar to how traditional ride-sharing platforms operate, this application would connect drivers and passengers directly, facilitating transactions on a blockchain. By eliminating the commission fees typically charged by centralized platforms, drivers would retain a larger portion of their earnings, and riders would benefit from lower fares. This app could incorporate innovative tokenomics to incentivize both drivers and passengers to use the platform. As the decentralized finance sector grows and users become more comfortable with blockchain technology, a decentralized ride-sharing platform could capture a significant market share by offering a superior user experience.

Categorization

Business Model
Platform
Target Founder
Technical
Difficulty
High
Time to Revenue
6-12 months
Initial Investment
$10,000+

Potential MRR (18-24 months)

Conservative
$5,000 - $10,000 MRR
Moderate (Most Likely)
$20,000 - $40,000 MRR
Optimistic
$50,000 - $100,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
5/10
Market Potential
8/10
Evidence
7/10
Overall
7/10
Found on October 7, 2025 • Analyzed on October 7, 2025 10:10 AM

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How should I validate this platform idea before building it?

2:34 PM

Great question! For a platform idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your high difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 6-12 months, here's my recommendation:

Technical Strategy:

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  • Consider your technical background and available $10,000+
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