About Snagride ICO
SnagRide is America’s first long-distance ridesharing community that combines artificial intelligence with blockchain technology through Smart Contracts. This technology allows the SnagRide platform to easily and securely manage the lifecycle between drivers and passengers willing to travel together between cities and share the cost of the trip. At SnagRide, we recognize that there is a need for an affordable, secure and convenient long distance ridesharing alternative in the U.S. that users can use to request door-to-door pick up and drop off all across the country at the tap of a button on their smartphones. Our goal will be to provide our users an easy and secure transportation alternative between major cities that does not involve cramp seats on a slow bus, unreliable and expensive regional passenger trains, or the interminable hassle of a plane ride.
SnagRide drivers will post their destination and departure details. Drivers will state when and where they are going. Users will be able to sign up for a ride by paying their share of the estimated cost and then wait to be picked up by the driver at a convenient place and time of their choosing. All of this will be done through independent smart contracts that verify and secure all user and trip information.
Every time a rider submits a ride request his information will be saved in the form of an Ethereum smart contract. The smart contract will contain all the information such 6 as rider name, age, location, ride price and where he would like to travel. Once the token transfer is initiated, the information is stored in a smart contract transaction submitted to the Ethereum network. All information is naturally encrypted on the Ethereum blockchain. A driver offering a ride will view that information, schedule a ride and then choose a date and time to confirm. The driver will then confirm the ride. Once the driver confirms the ride a new transaction is initiated that will broadcast the confirmation and driver information to the Ethereum blockchain.