The La'Zooz Ridesharing Platform Runs on Digital Tokens

By: Alyson Wyers - Feb 12, 2015
References: lazooz.org & springwise
While Uber may be under fire for its rate-surging practices, this ridesharing platform is based on a cryptocurrency. Owned by its users, La'Zooz runs on Zooz digital tokens and offers real-time liftsharing services.

In addition to enabling drivers to communicate with potential passengers about availability in their vehicles, La'Zooz runs on a Bitcoin-like currency instead of a driver fee or gas-splitting.

Another differentiating factor is the decentralized model of the ridesharing platform. Instead of being owned by investors or the founders, La'Zooz is owned by the user community. Depending on how they improve the service through their participation, those using the carpool service are rewarded with Zooz tokens.

La'Zooz requires a large user base to function properly, so they are working on building this number.