Blockchain is the future of travel industry

From this article you will learn how TravelChain can revolutionize travel industry market using technology of blockchain
15 December 2017   4533

In 2016 travelers spent more money on their excursions than on anything else. Notably, 69% of these leisure travelers expressed concern that they were missing out on the best offers and the lowest prices. Over a quarter of travelers tend to choose their destination between three to five months in advance, and some even book arrangements six months ahead of time. Without targeted data, marketers are simply not able to predict accurate buying behavior that far in advance. TravelChain has a blockchain-based solution for that.

What is TravelChain?

TravelChain is a decentralized data exchange for the travel industry and an open source blockchain managed by market players. TravelChain’s open-public blockchain aggregates data from across the spectrum, creating a far-reaching “smart travel” ecosystem that brings new market players into the fold. This gives businesses, big and small, the tools they need to connect with their customers. This open access to data is the springboard for future technologies that within the three-to-five-year timeframe, will revolutionize how people travel. The idea of the project is democratization of big data named “smart travel.”

TravelChain Advantages

  • Personal data monetization. For each permission to use the data, the user gets tokens, which he can exchange for money or a tourist service
  • Making traveling easy. Services already have info about the countries the user have visited, what cuisine he likes, what kind of sport he is into, and will be able to design a personal tour
  • Accessibility for businesses. Savings on advertising and access to clients at an early decision-making stage are available, so companies can start making personal offers in a few clicks. Moreover, the artificial intelligence will tell you about the user's wishes before he himself realizes them
  • Increase of profit. Companies will be able to sell their services directly to customers without paying high commissions to intermediaries.
  • Getting recommendations from opinion leaders. Services will be able to analyze potential customers and identify people with high media status with a lots of followers.
  • Accessibility for developers. Developers can also sell processed information to companies and advertising platforms.
  • TravelTokens. When a user shares a certain piece of information, they are awarded TravelTokens, which can be redeemed for crypto-currency or tourist services within the TravelChain network

Benefits of TravelTokens:

  • Price of tokens goes up along with data growth
  • Higher data growth means greater business and developer interest
  • More activity on the network means more tokens in business accounts

TravelChain Smart traveling EcosystemTravelChain SmartTraveling EcoSystem

TraveChain Token Sale Information

  • Sales datesICO. from Dec 15, 2017 to Feb 15, 2018
  • Total number of tokens: 2,1 billion TT
  • Token priceICO. 1 TT = $0,0151
  • Hard cap: $10M
  • Accepted currencies: ETH, BTC

TravelChain Token distributionTravelChain Token Distribution

TravelChain Development Advisors

  • Karthik Iyer - Mentor, Founder & CEO of BlockchainMonk
  • Christoph Hering - Elected BitShares Committee Member and Graphene Ambassador
  • Desmond Marshall - Member of global Enterprise Ethereum Alliance, Advisor to Hong Kong Government, MD of Rouge Ventures
  • Alex Tourski - Founder and CEO of izi.travel
  • Roman Povolotski - Founder and CEO of "Cyber Russia"
  • Dmitry Machikhin - Partner GMT Legal
  • Eduard Dzhamgaryan - CBDO ICObox, TOKEN SALE Analyst/Adviser
  • Vincent Lai - Founder and CEO of ToccoTravel

Documentation

  • Whitepaper
  • Overview
  • Business plan
  • Technical Whitepaper
  • Github

More Information

  • Website
  • Medium
  • Twitter
  • Facebook
  • Telegram
  • Steemit
  • LinkedIn
  • Slack
  • Instagram
  • Youtube

Tezos Co-Founder penaltied by Wall Street Regulator

Tezos co-founder Arthur Breitman is punished with a fine and a trading veto for two years by The Financial Industry Regulatory Authority (FINRA)
20 April 2018   93

The Wall Street regulatory institution has come to a adjudgement with Breitman after he was indicted of producing false statements about his side venture (Tezos) while he was actually employed at Morgan Stanley. All registered FINRA securities specialists are demanded to report any for-profit activity outside of their stated employment if there is “reasonable expectation of compensation.”

The regulatory activity started from a Reuters article published in October that discovered Breitman, who is filed with FINRA as a French citizen, never disclosed hise work for Tezos while still employed at Morgan Stanley within the years of 2014-2015.

Together with the other proofs published in Reuters` article is a business plan written in 2015 that lists Brietmen as chief executive and makes projections on the potential for the company to be worth as much as 20 billion dollars over 15 years.  They also cited two papers Breitman penned under the pseudonym L.M. Goodman about Tezos, showing that he purposely hid his connection with the firm.

FINRA enclosed that “Breitman did not notify Morgan Stanley at any time that he was engaging in these outside business activities.” The adjudgement conditions of April 18 are that Breitman shun any broker-deals for 2 years and pay a $20,000 fine. Breitman neither accept nor disclaim the indictments.

The settlement with FINRA is unrelated to and has no impact on the launch of the Tezos network. Arthur cooperated fully with FINRA at all times and Arthur is pleased to put this personal matter behind him.
Sarah Lightdale, lawyer of Arthur Breitman

Last July the Tezos foundation increased for $232 million from their initial coin offering to found the blockchain network for smart contracts but still haven’t delivered any of the cryptocurrency to supporters because of infighting and legal problems in and outside of the boardroom.