Chen Weixing, CEO of Kuaidi Dache Wants to Build a Blockchain ‘U’

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Ridesharing App CEO wants to Build a Blockchain ‘U’

Chen Weixing, CEO of app developer Funcity and founder of Chinese ride-hailing app Kuaidi Dache, has announced plans of building a blockchain-based ride-sharing equivalent to Uber.

According to Sunday’s WeChat announcement, the new platform will be built in partnership with Yan Jun, co-founder of Meituan, one of the most significant discount apps in China.

According to the reports, he said:

“Ride-hailing is the first time blockchain will be tested on a social application on a mass scale.”

However, he did not reveal which blockchain platform will be used for developing the application or how he has planned to counter blockchain’s scalability issues, Chen’s new project is important given his background in building applications throughout the ride-hailing use case.

Kuaidi Dache, founded by Chen in 2017,  took off immediately in China for competing another ride-hailing app called Didi Chuxing.

Both the projects will be supported by venture capital and internet giants such as Tencent and Alibaba. The firm later started Uber out of China via an addition.

Moreover, Chen’s plan for moving into the blockchain space is not entirely surprising, since he has been one of the most vocal pro-blockchain investors in China.

Suzat Fernandes

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