Bus Chartering Service Aims To Eliminate Tipping

Posted on November 15, 2017

Skedaddle, a New York-based bus chartering service that allows anyone to create a route and find other riders, is launching an Initial Coin Offering, or ICO, in Jan. to fund a side project that aims to eliminate tipping in the service industry.

The "Kudos Project" will run on the Ethereum blockchain, allowing customers to rate any transaction they make, Skedaddle co-founder and CEO Adam Nestler told Business Insider.

Those ratings, for anyone from your Uber driver to restaurant server to grocery supermarket cashier, are then instantly published to a decentralized database that allows anyone using the system to see the ratings that then follow an employee from one job to another throughout the full gig economy.

They also function as a "reward" for the worker in lieu of a tip. Unfortunately, those rewards will only work within the Kudos system. So to completely replace tips, the project will have to reach meaningful scale, something Nestler is convinced is a very real possibility.

Business Insider article here

Related Topics: chauffeur gratuities, chauffeur tipping, cryptocurrency, Skedaddle

Comments ( 0 )
More Stories
An ROI (return-on-investment) on a moving vehicle is easy to understand, but difficult to keep consistent. (LCT image)

A Walk Through Coach Profits

NOV. LCT: These simple return-on-investment formulas will help you truly see if your buses of all sizes are making enough money.