DACSEE, Innovation In Ride Sharing By Empowering Everyone For Using Blockchain Technology

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Historical Background of DACSEE Technology

Technology is developed and always developing, improvement in any aspect using technology. Sport, Education, Art, Social Environment, and most of human activities are touched with technology. This rapid development of technology has penetrated also into ride sharing sector. Technology had touched ride sharing since used argometer, then recent development as post of internet utilization and mobile development appears ride hailing using smart application to facilitate both passengers and drivers. Further improvement and development is continuing employed to serve better ecosystem built, which is currently marked as the emergence of the most advanced technology, Blockchain Technology which able to provide such better environment and ecosystem.

Basic principle of DACSEE to use blockchain in order to provide Peer to Peer transaction removing intermediaries and middleman. Then the revenues generated by drivers will return to the community itself. DACSEE will be a real solution tuned to the needs of empowering everyone. So far, blockchain utilization as part of crypto components are started to develop in all countries as the community see lot of advantages even still not famous since still sound unfamiliar to many people. But slowly while surely, this technology will be famous to all the people as a famous of internet so far to reach largely ininto every side of people life. With the widespre technology will be able to create decentralized transactions to manage authentication, confidentiality, accountability, and data sharing.

DACSEE, What Is It?

As quoted from the whitepaper which can be obtained at this link: https://dacsee.io/app/images/documents/dacsee-whitepaper.pdf :

“The DACSEE platform is the first of its kind, as a fully decentralized and autonomous social ride-sharing service that allows taxi drivers to pay their initial driver start-up fees in the form of a cryptocurrency token on the Ethereum blockchain, while processing fares from passengers with the same token or any other traditional fiat method.”

This DACSEE has unique design to permit it for expanding by itself to reach as large people outreach without any involvement of a corporation activities. As aforesaid above that blockchain technology allows peer-to-peer transaction, DACSEE will disrupt current market as penetrating to compete around all of current centralized business system. This peer-to-peer system brings the sharing economy into the ride-hailing economy system and empowers the individuals to create their own incomes unencumbered, in a multitude of ways, while expanding naturally and virally into markets that have thus far been inaccessible to centrally-run ride-hailing services.
To know what DACSEE is, it is necessary to know the team of DACSEE as follow:

1. Lim Chiew Shan; CEO & CO-FOUNDER
2. Atthapon Sittichaiareekij; CO-FOUNDER
3. Raymond Tay; AFFILIATE PROGRAM ADVISOR
4. Wai Seng; LEAD ANDROID DEVELOPER
5. Abdo Mokhtar; LEAD IOS DEVELOPER

DACSEE Respond the Challenges In Ride-Ride-Hailing Services Industry By Innovative Approach

In every sectors, the challenge is always there to grow and to expand more and bigger. There are also challenges in ride hailing services industry although this sector has matured but as long as people need improvement and better ways in such services then it is becoming the challenges. Moreover there is technology which can provide solution to the challenges appeared in such case. In ride hailing industries, DACSEE team see the challenges then develop idea and concept by utilizing blockchain technology through such innovative approach. To know the challenges that has been being responded by DACSEE, here are presented below:

1. There is unsustainable bubbles that seriously harm the drivers after the inevitable pop as impact of subsidize fare prices to artificially deflate passenger’s cost.
2. DACSEE team find and concern to drivers situation that will be in dangerous when the market has become immensely over-saturated with the drivers while at the beginning driver had invested by purchasing a new vehicle which is appropriate for the app and these costs are increasingly difficult to recoup once the subsidies stop.
3. There are many social costs to the current ride-hailing movement moreover to conventional taxi that mean off-line, not internet based, therefore these kind of taxis are unable to compete with the on-line taxis that is managed by big company which provide massive subsidies.
4. DACSEE sees some noncompliance of ride-hailing apps to governments rules and regulation of a country where they enter a market. Some of noncompliance such as relate to taxes and fair share payment from the corporations.

Observing above challenges, DACSEE team formulate, create and approach the innovations to respond the challenges as well to disrupt the market with utilization of blockchain technology. As a whole, below are the innovative approach formulated into key design decisions to bring a new paradigm to the ride-sharing economy and solves many of the glaring issues that have arisen as below:

1. DACSEE develop the way to reverse the challenges by returning the power back to the individuals and offering a truly feeless network structure that restores a natural and therefore sustainable business flow. DACSEE provides these tools for the individuals to take charge of their part in the marketplace and by them doing so, the platform and economy therein grows as well.
2. DACSEE create and release Open Source technology, this is a major cornerstone of the DACSEE operation by allowing the public to constantly audit, review and extend the code base for the application, as well as its lower layers. By this approach, the platform is allowed to exist without any single point of control or weakness and allows for the general public to take the DACSEE application in any direction in the future, as markets expand and future technologies become available.
3. As a hybrid-decentralized operation structure since it has been designed for DACSEE to operate in a market run by corporate competitors, while still maintaining a streamlined and community-owned design. DACSEE has been and will continue to be developed in concept from an idea to a profitable business over the past 14 months.
4. DACSEE network is designed in an open, extensible and sustainable fashion, where it needs no central company for its core operations. The Circle of Friends Bonus Pool will help incentivize participants and assist in grassroots marketing and development thus allowing the platform to grow organically while being able to compete in a real world competitive environment.
5. As another innovation developed by DACSEE in non-technical sections is DACSEE's compliance with government rules and regulations that will greatly assist in business development and expansion by entering countries where DACSEE enters the market.

DACSEE, How Does It Work?

The way DACSEE works as a created innovation is focused mostly on the Circle of Friends (COF) Bonus Pool system to achieve accountability and security by verifying drivers through novels that allow senior drivers to create network of another driver community as well as its passengers and then senior drivers will be given passive bonuses for the participation over time, not just a recommendation bonus that is only given once when registering another driver recommended by the senior driver. This COF Participation Bonus Pool system inside DACSEE platform truly allows drivers to build their own community network, to build highly sustainable for the long term. This is the form of empowerment of individual passengers and drivers to propel the growth of the DACSEE platform, it will consolidate the fees into a pool aforesaid as COF Participation Bonus Pool. The platform then shares bonuses from the COF Pool based on 5 main criteria:

• Circle of Friends pool / community network size
• Number of rides within the participants in Circle of Friends
• Seniority in the platform
• Community ratings
• Proof-Of-Stake – Withholding period of the bonuses

Below is the scheme presented for COF Participation Bonus Pool:

Beside creating COF Participation Bonus Pool, DACSEE platform develop some features to assure security, safety and comfortability to passengers and drivers and attractive commercial part to drivers. The features are as following:

A. Decentralized Ride Monitoring Network
This feature created to provide security and safety to both drivers and passengers inside the vehicle, as one of the key security feature to monitor of other cars nearby to ensure that some form of tracking is made by the network that has been previously permitted by the driver continuously. Another in-built security feature is the anonymous, scrambled monitoring of the microphone which is just able to monitor audio levels to detect a scream inside the vehicle.

B. Saved Drivers List for P2P Experience
Passengers will be able to use the platform to save lists of their favourite or most trusted drivers, enabling them to be able to pick and book their favourite drivers for scheduled or last-minute rides.

C. Sustainable Passive Bonus Income
Drivers using the DACSEE platform will be able to build and foster the growth of their own fleet of drivers to be added to COF network, thus collectively increasing the driver's bonus from Pool C.O.F. as the empowerment of all drivers in DACSEE to get into the business themselves..

D. Transferable and Inheritable Taxi Businesses
All form of participations and customer bases will be transferrable to other verified drivers on the network, including friends, family and heirs. In addition, this transferrable option would allow drivers to sell their businesses if they chose to do so.

To realize the concept above, DACSEE team has actually implemented several steps until this article written, even as a whole there are several steps of implementation in the following phases:

• Phase 1 Working Prototype - Initial Application - Ethereum Token Integration & Implementation
  The iOS and Android mobile applications of the fiat version have been completed and are available for testing already

• Phase 2 Driver and Passenger Recruitment Drive - Updated App Implementation – Marketing
  Before the network goes live, all interested drivers and passengers can refer others to the platform and claim them in their Circle Of Friends network.

• Phase 3 3rd Party – On and off-boarding Integration – Live Software Launch - Driver Fare & Participation Bonus

DACSEE ICO

Initially, a total of 3 billion DACSEE tokens will be pre-mined on the Ethereum network, on October 3rd, 2017, with 18 decimal places of divisibility and the total token amount being fixed permanently. There are to be three official token-based funding rounds for this project, after which time no further DACSEE tokens will be available for purchase at initial sale prices, meaning DACSEE tokens may be purchased only at exchanges in the future and at future market rates.

In the ICO round, there is further application development will be available for use and testing also additional public marketing outreach will be conducted; meaning that perceived contributors risks are greatly minimized by this round. This final round will end on May 31, 2018 and all DACSEE ICO tokens will be distributed to all contributors of all rounds by a date no later than June 14, 2018.

DACSEE ROADMAP

Further information can be referred to below link :

Website: https://dacsee.io/#/
Facebook: https://www.facebook.com/dacsee.official/
Telegram:
Official: https://t.me/DACSEE
Malaysia: https://t.me/DACSEE_Malaysia_Official
Indonesia: https://t.me/DACSEE_Indonesia_Official
Japan: https://t.me/DACSEEjapan
Korea: https://t.me/DACSEEkorea
Twitter: https://twitter.com/DACSEEOFFICIAL
YouTube: https://www.youtube.com/c/DACSEEOfficial