Chen Weixing, CEO of gaming application developer Funcity and previous founder of Chinese experience-hailing application Kuaidi Dache, has revealed plans to construct a blockchain-based mostly experience-sharing equal to Uber.
The new system, introduced Sunday at a put up-celebration purpose just after the 2018 Guiyang BigData Expo, will be produced in partnership with Yang Jun, co-founder of Meituan, one of the biggest group price cut apps in China, according to a WeChat put up from Chen.
According to China Income Network, the entrepreneur mentioned:
“Experience hailing is the very first time blockchain will be examined on a social software on mass scale.”
Even though he did not disclose which blockchain system would be utilised to create the application or how he aims to counter blockchain’s scalability problems, Chen’s new challenge is notable offered his background in acquiring apps all over the experience-hailing use case.
Founded by Chen in 2012, Kuaidi Dache took off immediately in China to rival another experience hailing application referred to as Didi Chuxing.
Both of those backed by venture capital and world-wide-web giants like Tencent and Alibaba, the two entered a bitter business enterprise war, subsidizing price ranges right until they merged in 2014 to grow to be the biggest experience hailing application in China, maintaining the name Didi Chuxing. The firm later pushed Uber out of China by using an acquisition.
Additionally, Chen’s system to go into the blockchain house is not entirely surprising, given that he has been one of the most vocal pro-blockchain investors in China.
According to a report from February of this 12 months, Chen has invested in at least a dozen cryptocurrency tasks, which include some of the major trading platforms this kind of as Binance and Huobi.
Chen Weixing image by using celebration organizer