As one of the world largest industry travel and tourism has a direct and indirect effect on the world economy. Making up to 8.27 trillion dollars of world GDP last year. With that large numbers of tourist and travelers expected some problems will occur. Travel agencies will wait for some months for some payments only to know later they have been a victim of credit card scam. Travel agencies have to be compelled to pay vast sums of payment for every account they're marketing tickets for. Airlines still use billing and settlement plan that takes weeks to months to pay with pay cuts because of the additional resources needed for billing and collection. Hotels sometimes having hard times recognizing traveler’s identification documents for booked rooms. This problem occurs because a majority of airlines industry still use paper ticketing system while there is internet available for booking flights and hotels because of lack of trust with different parties and identity issue of the traveler using old method there is no seamless process for this things.
Knowing the problems I found an ICO that solve these problems by introducing Further Network “Autonomous Smart Travel Ecosystem". Further will try to solve will solve the payment issue by:
- Using there developed technology Smart Travel Record (STR), STR contains data on travelers traveling details, hotel bookings, travel packages, and airline history/bookings.
- Using a blockchain technology settlement dispute will be avoided, smart contracts will make transactions easy. Hotels, travel agency, car rental company and airlines can sell their tickets or reservations as digital assets and can be bought using Further own cryptocurrency.
- Using STR also can be used as identification for seamless transactions. Hotel front desk clerk can easily identify travelers by using Further as an ID.
Benefits for travel agencies, airlines and transportation operators - They can easily identify guest because of unique digital ID
- Lesser cost of operation due to a well-integrated system
- Avoid payment value fluctuation due to fasters transaction
- Universal Travel Asset
Benefits for the travelers and token holders - Users can easily choose airline, hotel and travel services via mobile apps
- Fee’s perhaps become cheaper due to travel agencies airlines lesser cost
- Exchange market for other digital goods
- Aton holders might get some profit if more users and more travel agencies adopt Further network.
For more info
Website
Whitepaper
Token details:
Token name: Aton
Platform: Hyperledger Fabric (IBM)
Blockchain: Stellar
Token supply: 7 billion tokens
Hard Cap: 12,500,000 USD
Soft Cap: 1,000,000 USD
author: gawer33
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