There is a huge competition in ride sharing and transportation by major players across the globe. But This one seems promising when they mention using AI Based Decentralized solutions. All the best to the team.
Indeed, the competition for the car-hailing industry is high. However RedCab has two reasons to succeed in this competition.
1. The added value in the service which is created by solving the current market problems. (you can read more about it here:
https://medium.com/redcab/how-redcab-is-creating-value-for-the-car-hailing-industry-2bf90c0f3e63 )
2. The expansion to coastal touristic spots will give us the opportunity to grow our network without directly confronting the big players. Once our network will be strong enough, we will be able to expand to metropolitan cities where the competition is very high.