The Decentralized Engineering Corporation (DEC) has raised a seed investment of $9 million to create a decentralized Uber rival on Solana.
According to a news report, DEC said that it has raised $9 million in initial money to develop The Rideshare Protocol, or TRIP, which is intended to fuel ridesharing apps from a variety of potential businesses and Teleport will be used as the first application to test this setup.
The CEO of DEC and Founder of Teleport, Paul Bohm highlighted that while Uber is built on a centralized platform that connects drivers to passengers, TRIP is intended to be a decentralized protocol that multiple app developers can use as a marketplace to connect drivers and passengers.
Bohm believes this will foster collaboration and competition, luring consumers away from the titanic business models of Uber and Lyft while driving companies to develop to create the best software imaginable around a shared…
