Sreenath Rangapuram is at the forefront of revolutionizing mobility solutions by harnessing the power of artificial intelligence (AI) and blockchain technology. In a recent interview with CoinGeek Backstage, he shed light on how his company, Ride Commerce, is spearheading the transformation of logistics.
As climate change continues to dominate global conversations, the demand for smart mobility and ESG (Environmental, Social, and Governance) solutions is on the rise. Ride Commerce, a startup founded by Rangapuram, aims to reduce operating costs for companies reliant on mobility services by up to 20% per kilometer.
Backed by prestigious names such as Audi and Techstars, Ride Commerce is making significant strides in the industry. By aggregating data sets for companies like Zalando, the startup uses machine learning and AI to interpret historical data, consequently boosting logistics efficiency by 30%. Rangapuram emphasized the importance of their climate ESG dashboard in striving for net-zero efficiency.
With data being the lifeblood of Ride Commerce’s operations, blockchain integration is crucial for protecting sensitive information. Rangapuram highlighted the significance of blockchain in enhancing data security, as demonstrated by blockchain expert Richard Boase from BSV Mint during the AI Forge masterclass.
Participants at the ‘Intro to AI and blockchain masterclass’ in ExCel London gained valuable insights into the seamless integration of AI and blockchain technologies. The event, organized by AI Forge, aimed to showcase the potential synergies between these two cutting-edge technologies.
The future of AI relies on robust blockchain systems that ensure data quality and ownership while maintaining the integrity of information. Enterprise blockchain is poised to become the backbone of AI, providing a secure framework for innovation and growth. The collaboration between AI and blockchain not only enhances operational efficiency but also attracts investment due to the promising prospects of these technologies.
In conclusion, Ride Commerce’s innovative approach to leveraging AI and blockchain signifies a paradigm shift in the logistics industry. With a strong emphasis on sustainability and data security, Rangapuram and his team are paving the way for a more efficient and environmentally conscious future for mobility services.
