Developer of Decentralized Ride-Sharing App Teleport Raises $9M in Bid to Compete With Uber, Lyft

Teleport seeks to address some of the headwinds faced by conventional ride sharing, providing handle back to drivers and buyers, according to its founder, Paul Bohm. “We’re giving ownership to anyone who brings people using the protocol, because the protocol should reward the people building it well,” Bohm told CoinDesk.