Press Release

HireGo – Reinventing Car Sharing Using Smart Contracts And Blockchain


Transportation is one of important thing that people experience when they want to travel. People often use private cars, buses, and trains when they want to travel. Now there is an alternative transportation, car sharing. Car sharing is one of the most popular and successful transportation services on-demand. The first thing that you need to know is the car sharing is a type of car rental. Then, what makes it different from traditional car rental ? Car sharing is designed to make convenient for people who want to rent cars for short periods of time and only pay for their usage. By car sharing, people can access a car at any hour and safety.

Many people consider about car sharing, what is it, how it works, how much it take expenses and how it compares to other type of transportation. What happend if blockchain technology is applied to the transportation industry that is car sharing? What impact will be given  from the use of blockchain on car sharing? As is known blockchain technology has many advantages and also has been applied in many developed countries in the world to help their industries include transportation. Initial coin offering, fund rising with cryptocurrency, creates a new business project of the trend of the transportation in the digital industry. This project name is HireGo. The HireGo decentralised application with smart contracts will make car hire and sharing more accessible, safe and convenient than ever before. HireGo can be one of your alternative choices in shaping investments.

What is HireGo?

Car sharing offers the convenience and freedom of car ownership without the burden of expensive purchasing and maintenance costs. The HireGo decentralised application will make car hire and sharing more accessible, safe and convenient than ever before. HireGo is setting the standard, being the first to create a working car hire DApp on the Ethereum testnet.

Why Should Someone Invest in HireGo?

By leveraging the blockchain to create a trustless, decentralised rental platform, HireGo aims to overcome the shortcomings of existing solutions. Using blockchain-based identity solutions ensures that users can manage their own data, granting access as and when they see fit, and provides additional assurances that users of the platform are genuine and trustworthy. The use of smart contracts, contractual code running on the Ethereum network, removes the necessity for a middleman and allows users to conduct trustless rental transactions.

HireGo will position itself as the first private car rental application in the emerging decentralised sector. It is our goal to set the technological and usability standards for the car hire industry, providing a professional, secure plat form to connect like-minded individuals, and to lead the way for others to follow.

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.

The Advantages of HireGo

  • Trust

Using blockchain based user identity solutions provides assurances that users of the platform are genuine and trustworthy. Everything will be stored on the blockchain, creating an indisputable record of a user’s conduct.

  • Communities

HireGo allows people and businesses to create communities within the app so that they can decide who to share their car with

  • Smart Contracts

The use of smart contracts, contractual code running on the Ethereum network, removes the necessity for a middleman and allows users to conduct trustless rental transactions

  • IoT Ready

When cars become IoT ready future versions of the HireGo contract will allow physical access to the vehicles to be governed by ownership of the requisite tokens.

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.

HireGo Market Context

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, in-app, using the HGO token-an ERC20-compatible cryptocurrency built for the purpose (see HGO Token). Vehicles listed on the marketplace are crowd sourced from HireGo users and can be easily added in-app; additional tools are available for “power-users” making larger numbers of vehicles available.

Car Sharing and the Future

The decline of traditional car ownership has already begun as more people are switching to car sharing. Increasing car purchase and maintenance costs, worsening traffic and pollution, and a lack of parking spaces are important factors for the continuation of this trend. By decentralising car sharing we are making it more accessible, safe and convenient than ever before.

ICO Detail

Symbol: HGO

Initial Value: 1 ETH = 4,000 HGO

Token price: 0.25 USD

Type: ERC20

Token Supply Cap: 100,000,000 HGO

May 1st 2018 12:00 UTC – June 30th 2018 12:00 UTC

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ETH Address: 0xa38370065430E1c101A339f0c779D52685c754D7


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