Chen Weixing, founder of ride-hailing firm Kuaidi Dache, announced this week that he will be launching a blockchain-based ride-hailing app with the co-founder of on-demand local services firm Meituan, Yang Jun. Chen said that it will be the first time the technology will be tested on a social application on a mass scale.

Jun meanwhile said at the China International Big Data Industry Expo 2018 that he thinks blockchain can be used to build new economic systems, adding that traffic from the Internet can directed and different services can be added to meet users’ needs.

Source: Coin Telegraph

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