{"id":579597,"date":"2025-01-23T12:56:38","date_gmt":"2025-01-23T10:56:38","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=579597"},"modified":"2025-01-23T12:58:16","modified_gmt":"2025-01-23T10:58:16","slug":"south-african-uber-rival-using-blockchain","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/internet\/579597-south-african-uber-rival-using-blockchain.html","title":{"rendered":"South African Uber rival using blockchain"},"content":{"rendered":"\n<p>South African e-hailing platform Twytch plans to take on foreign competitors like Bolt and Uber by using blockchain technology to tend to a concern on the minds of many South Africans \u2014 safety.<\/p>\n\n\n\n<p>The platform announced on Monday said it had identified numerous gaps in the market that will differentiate it from e-hailers already well-established in the South African market.<\/p>\n\n\n\n<p>One of these is using blockchain technology to verify users&#8217; credentials on the platform \u2014 both passengers and drivers.<\/p>\n\n\n\n<p>Twytch founder and CEO Don Reddy <a href=\"https:\/\/omny.fm\/shows\/lotus-fm-newsbreak-sabcnews\/podcast-upcoming-e-hailing-platform-twytch-promise\">told<\/a> Lotus FM that each ride would have a verified passenger and a verified driver with their credentials stored cryptographically on a decentralised blockchain.<\/p>\n\n\n\n<p>This makes the data impossible to forge or alter, Reddy said.<\/p>\n\n\n\n<p>While passenger safety was one of the significant concerns when e-hailing platforms launched in South Africa, the safety of drivers has recently become a prominent issue as many are targeted for their smartphones or vehicles.<\/p>\n\n\n\n<p>Reddy also said the platform would appeal to drivers and treat them more like employees than independent contractors due to the benefits the company offers.<\/p>\n\n\n\n<p>&#8220;What we realise in the e-hailing industry is that there are many gaps in the market as there are no driver benefits, such as medical insurance or driver death or disability benefits,&#8221; he said.<\/p>\n\n\n\n<p>&#8220;We are differentiating ourselves from other platforms by offering drivers these benefits, and we have eliminated the commission-based model.&#8221;<\/p>\n\n\n\n<p>Twytch said it partnered with Momentum to offer drivers health benefits and FNB to provide financial solutions.<\/p>\n\n\n\n<p>No longer paying drivers a commission means they will be compensated per kilometre and minute.<\/p>\n\n\n\n<p>Twytch will also feature a surge-free pricing system, with passengers paying fixed rates based on real-time conditions.<\/p>\n\n\n\n<p>Riders will also only be able to make card and in-app wallet payments.<\/p>\n\n\n\n<p>Reddy said the initial rollout will involve hiring a limited number of drivers in South Africa&#8217;s major cities: 5,000 in Joburg, 3,000 in Cape Town, 2,500 in Pretoria, and 2,000 in Durban.<\/p>\n\n\n\n<p>This is to ensure there is a steady supply of drivers relative to the number of passengers.<\/p>\n\n\n\n<p>The Twytch app for passengers and drivers will become available in February, said Reddy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Exactly what drivers want<\/h2>\n\n\n\n<p>These driver-centric features may just be able to win over drivers who have been complaining about working conditions under Bolt, inDrive, and Uber.<\/p>\n\n\n\n<p>In September 2024, Cape Town e-hailing drivers took to the streets to demand that South Africa impose more stringent regulations on the industry.<\/p>\n\n\n\n<p>The drivers said they wanted reinstatement for those unfairly removed from platforms, higher pay, and improved safety features.<\/p>\n\n\n\n<p>The Western Cape E-Hailing Association (WCEA) secretary-general, Omar Parker, criticised platforms, saying that drivers are paid little because companies&#8217; commission rates are very high.<\/p>\n\n\n\n<p>One driver on strike said that Uber had taken 42% of the R4,000 he had earned, leaving him with R2,320. He said his fuel expenses for the day were R1,700.<\/p>\n\n\n\n<p>Drivers were also frustrated that e-hailing platforms had not adjusted their fairs despite increasing fuel prices.<\/p>\n\n\n\n<p>The WCEA said it demanded R13.50 per kilometre instead of Uber&#8217;s rate of R5 for Uber Go, under R6 for Uber X, and roughly R10 for Uber XL. <\/p>\n\n\n\n<p>Bolt responded to the strike by saying it was opening a driver engagement centre for drivers to discuss these matters.<\/p>\n\n\n\n<p>Uber said it was aware of the protest and committed to maintaining open communication.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twytch will ensure passenger and driver safety using its Verifiable Credential mechanism.<\/p>\n","protected":false},"author":341175,"featured_media":533337,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[18,29366],"tags":[98553,63589,98552,98551],"class_list":["post-579597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","category-motoring","tag-don-reddy","tag-e-hailing","tag-ride-hailing-2","tag-twytch"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/579597"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341175"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=579597"}],"version-history":[{"count":4,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/579597\/revisions"}],"predecessor-version":[{"id":579635,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/579597\/revisions\/579635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/533337"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=579597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=579597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=579597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}