Background

Now the centralized LBS platform has become the main bridge connecting service providers and consumers. Those platforms, while bringing convenience and connectivity possibilities to all parties, also come with a host of significant fairness issues.

First of all, centralized platforms charge high commissions for service transactions, which imposes a considerable economic burden on participating service providers and users. This high commission model not only reduces the income of service providers, but also indirectly increases the cost of consumers, thus damaging the health and sustainable development of the entire ecosystem.

Second, although service providers and consumers are the main creators of platform network effects, they are unable to enjoy the long-term economic benefits brought by this effect. Network effects increase as platform users increase, but the value they generate is mainly absorbed by the platform side, and participants fail to fairly share the benefits of these growth.

Finally, the current centralized service platform model limits the participation of service providers and consumers in platform governance, and the platform is only responsible to its own shareholders. This leads to an important problem: the platform’s decision-making process often ignores the real needs and interests of service providers and users, further exacerbating the conflict of interest between the platform and its users.

In view of the above problems, we are to create a global decentralized transportation network. We realize this vision through the PickUp protocol, LBS app and PickUp AI devices.