Firdosh Sheikh, co-founder and CEO of DRIFE, a blockchain-based ride-hailing platform, posits that such decentralised services have the potential to transform the ride-hailing industry just as significantly as Uber and Lyft revolutionised traditional taxi services in recent years.

By leveraging blockchain technology, platforms like DRIFE aim to offer an innovative alternative to established market players by emphasising decentralisation and transparency.

This approach not only challenges the current dominance of companies like Uber in various markets, including India, but also highlights the ongoing shift towards integrating blockchain into mainstream business models.

Sheikh's insights underscore the growing impact of blockchain on traditional industries, signaling a future where decentralised platforms may become the new norm for services worldwide.