Note that the problem of excessive centralisation of traditional platforms and companies is now quite obvious. One of the latest illustrations of this was this week’s update to the App Store terms of use.

They note that game and app developers can sell NFTs, and allow users to mine and submit them. However, the tokens should then not provide additional functionality within the app, in addition NFTs are supposedly to be sold at a pre-fixed price, essentially killing the speculative component to this asset category.

Updated App Store terms of use

The bottom line is that giants don’t want to share power within their own ecosystems. However, decentralised platforms could change that.

Uber’s new competitor

Foundation Capital, Road Capital, Thursday Ventures, 6th Man Ventures, 305 Ventures and Common Metal participated in the syd round of investments. Individual strategic investors include one of Uber’s first employees Ryan McKillen, renowned influencer and youtuber Jake Paul, as well as Flexport founder Ryan Petersen and Farcaster co-founder Dan Romero.

DEC CEO Paul Bohm told Decrypt that Uber is a “monopoly” and a deeply centralised platform. This is true: the company has 72 per cent of the US market in ridesharing. In addition, the platform takes a hefty commission on rideshare drivers receive, which has been a source of serious dissatisfaction for drivers.

Market shares of Uber and Lyft


TRIP will solve the problems inherent in monopoly. It is a decentralised protocol on which other companies can build their ridesharing applications. DEC creates Teleport in order to implement the basic concepts and "set an example" for others.

This raises the question of how possible conflicts between passengers and drivers would be resolved. Obviously, in such a system, the rating of its participants would be even more important.


Bohm believes that such a principle will stimulate cooperation and competition, while encouraging start-ups to move away from the giant model like Uber and Lyft. It will also push companies to innovate in order to create a better app in the overall market. According to Bohm, a native token will also be created for decentralised management of the protocol.

Teleport app teaser

Teleport has a similar design and operation as the Uber or Lyft apps, providing seamless check-in for passengers and drivers without the need for cryptocurrencies. Passengers can pay by credit card or USDC Stablecoin, while drivers can pay by USDC or direct payment to a bank account.

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The platform from DEC could be ready by the next bullrun. By the way, during it Bitcoin should reach the $60,000 level – at least that’s what former White House Deputy Chief of Staff and CEO of Messina Group Jim Messina expects. He said in a recent interview that he is even willing to bet his Porsche on such a bullish scenario. However, who exactly he is ready to bet is unknown.

The financier is not worried about the current problems in the crypto market – he always buys BTC, although the main cryptocurrency has fallen by more than 70 percent since reaching its all-time high last year. That said, Messina never fails to reiterate that crypto is the best investment available at the moment.

Messina Group CEO Jim Messina

Jim Messina is not the only celebrity in financial circles who is betting heavily on the growth of the crypto market. In particular, back in August, with Bitcoin at $24,000, Kraken CEO Jesse Powell said he expects to use 1 BTC to buy a Buggati sports car by the end of 2022, with the car averaging about $1.9 million.

Apparently this was ironic. Still, at this rate, BTC would prove to be the most expensive asset in the world, and that kind of change certainly doesn't happen in months.

Bloomberg analyst Mike McGlone earlier also expressed his optimistic position regarding the main cryptocurrency: he expects BTC to grow up to $100,000 by 2025. Well, well known cryptocurrency user and early Bitcoin enthusiast Adam Beck thinks that BTC growth to $200,000 by 2027 is a rather conservative scenario. That is to say, he generally allows for a larger development as well.


We believe that blockchain and cryptocurrencies can solve the problems of platforms with excessive centralisation. In this case, they will eliminate the middleman, as has happened with banks in conventional digital asset transfers. The important thing is that users get the same security and assurance as Uber and other operators.