Using historical navigation route data on an immutable blockchain ledger to bring safety to future highways in the air.
Blockchain Taxi’s mission is simple: to create trustless taxi trips and make future passenger air travel safe.
By combining decades of flight data stored on an immutable blockchain ledger, Blockchain Taxi will become the backbone of a smart contract ecosystem that can be used by regulators and private companies alike to facilitate safe passenger taxi air travel.
The Blockchain Taxi application will combine decades of flight data from manned flights to create a foundation that can be utilized by passenger drone manufacturers to build AI flight technology that has been vetted and proven safe.
It predicted that of the total of $100bn is likely to be spent on both military and civilian drones between 2016 and 2020, with the commercial segment being the fastest-growing. In 2017, the FAA reported that more drones have been officially registered then piloted aircraft - the first time in history.
Despite this growth, safety remains a top concern. 77% of consumers said they would have safety concerns about traveling in flying cars, with similar sentiments around commuter and passenger drones. Most of these concerns stem from the general nascency of the market, despite the fact that the first manned passenger drone flight was successfully recorded.
Blockchain Taxi will aim to address the issue of safety by utilizing blockchain technology to provide regulators and manufacturers the data needed to ensure optimized, safe, and efficient flight routes and procedures.
In Blockchaintaxi’s ecosystem, BCT tokens are at the core of all transactions. This allows for maximum consumer and enterprise functionality, in the shortest amount of time possible. From purchases and recurring maintenance fees to payments for consumer flights, Blockchaintaxi’s ecosystem is dynamic and user friendly.
Consumers will be able to buy tokens directly from the BCT mobile app, avoiding any unnecessary exchange limitations or wait times. The goal is to provide an on demand token utility that spans across the spectrum of Blockchaintaxi’s services - without ever having to leave the BCT ecosystem.
A maximum 100,000,000 tokens will be distributed in the token sale, with at least 60% being allocated to investors. A minority portion will be reserved for partners, advisers, team members, or held for liquidity.