HireGo is UK based company building a decentralised car hire and car sharing app in partnership with San Francisco based
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HireGo is building a decentralised, peer-to-peer marketplace that allows its users to lease their vehicles in a trustless and secure environment. The marketplace leverages the Ethereum blockchain as both a public ledger for lease transactions, and for conducting the transactions themselves, using a smart contract framework.
The HireGo marketplace provides a directory of vehicles available for hire. Users are able to select an appropriate vehicle, secure it for their desired period and settle the payment, inapp, using the HGO token - an ERC20-compatible cryptocurrency built for the purpose (see HGO Token). Vehicles listed on the marketplace are crowdsourced from HireGo users and can be easily added in-app; additional tools are available for “power-users” making larger numbers of vehicles available.
HireGo has been designed with simplicity and security as a first priority. Payment is made, in advance, and held in an escrow contract on the Ethereum blockchain; in the event of a dispute between users, a trusted party, such as the dedicated HireGo resolutions team, will be able to make the final judgement. Reviews and comments made by users will also be stored on the blockchain, creating an indisputable, trustworthy record of a user’s conduct. These technologies are handled natively by the HireGo application and all technical complexity is hidden from the user.
To provide additional peace-of-mind, the marketplace will also offer various insurance options for users. These insurance packages, provided by a trusted industrial partner, will ensure that vehicle owners are protected from unexpected collision or damage.
As with payment and review, the rental transactions and vehicle listings are conducted via the Ethereum blockchain. The HireGo applications provide a gateway for accessing this data in an intuitive manner and will create and send the necessary transactions, eliminating any potential friction for the user - no knowledge of the blockchain is needed to use the marketplace. When a user enters into a rental contract the application will interact with the appropriate smart contract on the user’s behalf, parsing responses and interacting with the system using a pre-defined and public protocol. Importantly, users retain control of their private keys and, at no time, is this broadcast to HireGo or any third-parties.
HIREGO APP
The HireGo app will allow users with little or no knowledge of blockchain technology to seamlessly access the HireGo rental platform and begin listing vehicles or searching for available cars to hire.
The HGO tokens and smart contracts will be used for all transactions. Users can convert from and to other currencies within the application.
Users will be able to access the HireGo platform from anywhere in the world.
For more information on the app and smart contracts see our whitepaper.
Our beta DApp is available on Rinkeby at demo.hirego.io
Smart Contracts
The HireGo marketplace will deploy three smart contracts to the Ethereum network: the HGO token, a Vehicle non-fungible token and a Rental contract. An additional storage contract will be deployed for use in a hub-and-spoke model, ensuring that any updates or bugfixes may be released in a timely manner, without loss of data.
HGO Token
The in-app currency is the HGO token, a cryptocurrency conforming to the ERC20 standard. There will be a total of 100,000,000 tokens created, of which 60% are being allocated for an initial coin offering. Each token will be divisible by 18 decimal places. Any value exchange on the HireGo marketplace will be conducted using the HGO tokens.
Gas costs incurred by transactions made using the HireGo app will be covered, ensuring that users do not need an Ether (ETH) balance to place transactions. There will be protection mechanisms in place to ensure bad-actors cannot abuse this system. When a transaction is selected the gas cost is transferred to the user's address and, once this has been confirmed, the rental transaction is issued by the application.
The token will be available for purchase on existing cryptocurrency exchanges and may be used as a means of exchange and speculation beyond the HireGo application. HireGo will also provide a fiat-HGO gateway to facilitate the easy exchange from GBP, USD and other national currencies.
Token characteristics
- Symbol : HGO
- Base Value : 1 ETH = 4,000 HGO
- Type : ERC20
- Token supply : 100,000,000 HGO
Token Distribution
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