• Free Press Publications
I've been following the news about Uber and Lyft for some time. For those unfamiliar, Uber and Lyft are taxi-like services that allow people to schedule rides using an app on their smartphone. Unlike traditional taxis, riders are able to leave reviews on drivers, and drivers are able to leave reviews for passengers. This acts as a sort of reputation system, which helps drivers know if a passenger is to be avoided, and vice versa. Customers of Uber and Lyft also know the price of the ride upfront, something that is incredibly rare with a traditional taxi. And, probably the most important feature of Uber & Lyft that make these services distinct from traditional taxi services is the decentralized nature of the business, there is no central office through which rides are dispatched, it is all handled through the smartphone app.
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