Blockade technology is actively growing and penetrating into all areas of our lives. The tourism sector, which is a steady market with 7.6 trillion US dollarsgrowth in 2016 , is also an exception, and the number of tourists continues to rise, exceeding 1 billion by 2015. Opportunity to gain competitive advantage, thanks to the introduction of blocking technology in the industry tourism, attracting the attention of investors. Currently, several dozen startups in the tourism industry are trying to attract financing through ICO procedures.
In this article, we will consider the 3 most promising projects that the ICO did in January 2018, but before that we will determine the key areas where the use of the relevant blocking technology:
- Reduce costs by eliminating middlemen, allowing direct interaction between the seller and the buyer.
- Increased trust between market participants, using process transparency in blockroom and smart contracts.
- Repair of collective settlement system, reduce payment costs and improve payment security.
- Improve the convenience and ease of use of travel services.
The project, which will be discussed below, solve one of the above issues or aim to find a solution in several directions at once.
Winding Tree tourism without intermediaries. Winding Tree is a decentralized distribution network for tourism services, built on the Ethereal blockbuster, which will improve efficiency and ease of interaction between buyers and sellers through smart contracts and other open source tools.
The Winding Tree project aims to eliminate brokers in the tourism market, creating a platform for direct interaction between travel service providers (hotels, airlines, etc.) and the seller of these services (travel agents), using intelligent contracts. Suppliers will be able to send information about their services, and buyers will be able to quickly and easily purchase these services. In addition, ecosystem participants will be able to monitor the dynamics of the activities and effectiveness of partners, combined with system transparency will create ideal competitive conditions, will significantly improve the efficiency of tourism services market.
It is important to note that Winding Tree is understood to be a public project that does not plan to charge for its services, giving only a small commission to ensure network computing power. More detailed information about the project can be found on the Winding Tree website and in the project's white book, which is also available in Russian.
Travelflex is the next generation crypto currency that simplifies travel.
Travelflex plans to offer a comprehensive solution to its users to increase comfort and reduce travel costs. The Travelflex app is essentially a social app that has extensive built-in functionality to troubleshoot travel issues such as making low commission payments and secure fund storage or providing a convenient way of communication that is integrated with social networking.
Travelflex plans to offer a comprehensive solution to its users to increase comfort and reduce travel costs. The Travelflex app is essentially a social app that has extensive built-in functionality to troubleshoot travel issues such as making low commission payments and secure fund storage or providing a convenient way of communication that is integrated with social networking.
The main features of Travelfle are as follows:
- Very fast transactions worldwide
- Travelflex physical map
- Service to deposit to the network
- Secure and decentralized chat between wallets (one-on-one)
- Near Field Communication Function (NFC) to see users who are near you
- 24 hour support (chat)
It should also be noted that the developers of Travelflex do not limit the possibility of using only in the field of tourism, which emphasizes that TRF is not a utility token as a coin. "Let the name Travelflex do not bother you, because the coins can be used for any payment, and not just for travel." - So they say about their project at Travelflex, which emphasizes the huge potential of this crypto currency to make payments.
Such statements have a certain reason, because it was at the stage of creation of the Travelflex team to handle the scaling problems typical of much crypto-modern currency. After ICO, the transition to the algorithm based on the use of oriented acyclic graph (DAG) is planned. Such technical solutions will significantly increase the number of transactions. By using this algorithm, Travelflex will be able to handle up to 1,400 transactions per second, which far exceeds the performance of many crypto-popular currencies (Bitcoin - from 3 to 8, average Etereum - 20, Iota - an average of 500 to 800 transactions per second), approaching the VISA system payment indicator. It is interesting that for the coining coin TRF process, which will use the PoW protocol (work proof done),
Separately, I would like to note that the distribution of funds withdrawn during ICO, does not provide funding to the founders of the project. In contrast, Travelflex decided to apply a 4-year compensation model from the founders, based on the Zcash model (8% of the coins received as a mining proceeds in the first four years will be delivered to the founders). This approach stimulates the team to perform assigned tasks and positively affects the cost of TRF coins.
In this article, we will not discuss standard issues related to the distribution of coins, as they are detailed on the Travelflex website. Instead, we would like to draw the attention of this delightful ICO chip, that every investor who buys TRF coins automatically becomes a participant in drawing 5 tour packages and 1 cruise tour around the world. Please note that ICO Travelflex has arrived at the end, you can register and take part in this project on the project website, and detailed descriptions can be found at WHITEPAPER Travelflex, which is also available in Bahasa Indonesia.
MeetnGreetMe personalized travel experience.
The MeetnGreetMe project is fully focused on improving the convenience and ease of use of travel services, offering a global platform where every traveler can get a concierge service tailored to their needs and budget. The idea is to bring together locals and locals into an ecosystem where, thanks to the openness and openness of blocking technology, it is possible to create a trusting relationship between various parties and an effective reward system for a particular action.
The MeetnGreetMe project is fully focused on improving the convenience and ease of use of travel services, offering a global platform where every traveler can get a concierge service tailored to their needs and budget. The idea is to bring together locals and locals into an ecosystem where, thanks to the openness and openness of blocking technology, it is possible to create a trusting relationship between various parties and an effective reward system for a particular action.
The interactions and calculations within the ecosystem will be done with the help of WelcomeCoin (WEL), an ERC20 standard utility mark, supported by the actual MeetnGreetMe service.
"This means that WelcomeCoins that are available for sale deal directly with the number of hours to provide certain services that can be purchased on the platform. WEL is more than just a means of payment. This is an important part of the philosophy of MeetnGreetMe, which is to encourage and reward the public for its contribution to platform development. For WelcomeCoin, you can buy something that can not be bought with normal money. "- This is how the project team describes the value of the WEL token in the MeetnGreetMe ecosystem.
An important feature of the project is the provision of a proven business model: MeetnGreetM is already working as a service platform that brings together people in more than 200 cities around the world. In practical experience, hypotheses are tested that local people can provide travelers with more diverse and profound recreation than traditional tours, especially if the rewards system is applied.
Under such conditions, the introduction of blocking technology, will upgrade the platform to a new qualitatively level, providing effective solutions to problems that currently hamper project development:
- Complexity and high cost of sending money between participants (settled by using WEL token).
- Low level of trust between participants (solved through the introduction of smart contracts).
- Increased enthusiasm of project participants (achieved because of motivation to provide services in exchange for WEL tokens).
Detailed descriptions of the business model, examples of MeetnGreetM's real work as a platform for tourist interaction with local people, as well as technical details of project implementation are described in this project paper, which is also available in Indonesian . Details of ICO, description of proposed fund distribution and gradual project implementation plan can be found on the official website of MeetnGreetM . There you can register to participate in ICO.
This article is the result of a series of translation and localization projects conducted by the ICO-Translate.com team for start-ups that attract financing through ICO. The original article is posted on the ICO-Translate.com blog .
For more information please visit the address below:
Website: https://travelflex.org/
Whitepaper: https://travelflex.org/assets/pdf/Travelflex-WhitePapersEN.pdf
Whitepaper: https://travelflex.org/assets/pdf/Travelflex-WhitePapersEN.pdf
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