Introduction
The travel and tourism industry is the world's largest commercial service sector industry. The World Trade Organization (WTO, not to be confused with the UN World Tourism Organization (UNWTO)) is the leading international body that monitors international macroeconomic data.
In total, Travel &Tourism generated US$7.6 trillion (10.2% of global GDP)** and 292 million jobs in 2016, equivalent to 1 in 10 jobs in the global economy. For the sixth successive year, growth in Travel & Tourism outpaced that of the global economy (2.5%).
Over the decades, tourism has experienced continued growth and deepening diversification to become one of the fastest growing economic sectors in the world. Modern tourism is closely linked to development and encompasses a growing number of new destinations. These dynamics have turned tourism into a key driver for socio-economic progress.
Today, the business volume of tourism equals or even surpasses that of oil exports, food products or automobiles. Tourism has become one of the major players in international commerce, and represents at the same time - one of the main income sources for many developing countries. This growth goes hand-in-hand with an increasing diversification and competition among destinations. This global spread of tourism in industrialized and developed states has produced economic and employment benefits in many related sectors - from construction to agriculture or telecommunications.
Highlighted problems of travel sector
When a traveler wants to make a trip he/she has to perform different kinds of processes like Ticket Booking, Payment System, Currency Exchange, Hotel Reservation, Car Rentals, Tour Guides etc. To complete that process, he/she has to go through various platforms. But the problem is, it is quite difficult to find the right service among the various platforms. Now, think of a platform where you can book tickets & hotel rooms, hire a tour guide, plan a trip and many more with the help of travel experts trusted & reviewed by hundreds and thousands of other travelers. This is so relieving for a traveler to decide whom to trust when a service is trusted by millions. Now you have all kind of solution for spending money for travelling. Add to that, what if you also rewarded with a money earning platform enjoying all these services from one giant platform while traveling… sounds awesome, right?
Our Solution
We are proudly presenting “TripEcoSys” world’s largest decentralized tourism ecosystem powered by Ethereum Blockchain. Where people can find every travel related service provider under one roof and also can earn money by sharing their valuable contents. Our goal is to revolutionize the tourism industry by improving the traditional.
Travel Eco System (TES), for the purpose of connecting consumers directly with service providers in a decentralized way with help of emerging Blockchain technology.
Mission and vision of -Tripeco Sys (TES)
The mission of TripEcoSys is to make a fully decentralized travel ecosystem where every people from around the world to have a carefree travelling and enjoy personalized approach to their travel needs with authentic experience wherever they go. Encouraging every member by incentivized their contribution of time, skill, local experience and resources.
Our platform mainly consists of :
Ö Travel blog : An incentivized, blockchain-based, public content sharing platform.
Ö A social travel review platform built on blockchain in order to bring fairness to all content creators in form of financial rewards.
Ö Specialized ad platform for travel service providers like hotels and restaurants, airlines, car rentals, tour guides, travel goods seller etc.
Ö Multi signature wallets for securely storing and spending your tokens.
Ö Decentralized public exchange for securely exchanging your desired coins and token.
Perceiving that our life as international travelers can be more comfortable, easier and enjoyable should we knew trustworthy people and services in a visited city. So, we have started to develop a new Eco System for personal and corporate travelers which will be built on the new revolutionary decentralized technology. Makes it most trustworthy than ever.
ig Data:
Big Data makes it possible to study and intelligently scan millions of bytes of information. The use of Big Data allows TripEcoSys to put certain data into relevance and turn it into useful information. We talk about real-time information about users, their movements and their preferences. All the knowledge gathered - thanks to this technology, both supply and demand of the sector, offers a wide range of possibilities and advantages for the tourism sector. The macro data obtained provide us with data such as the electronic activity of tourists, resulting in very real results of behavior.
Artificial Intelligence:
Artificial Intelligence is applied when a machine mimics the cognitive functions that patients associate with other people, such as "learning" and "solving problems”. Several examples are in system control, Artificial Intelligence processes responses through an algorithm to provide more reliable results.
WHY BLOCKCHAIN?
Systematic Recording
TripEcoSys is a travel based eco system on the Ethereum blockchain which incorporates verifiable records, which confirms that a transaction has followed the correct procedures. Consumers will have confidence that payments will be made instantly whilst recording the terms of the deal over the Blockchain. Including bringing transparency to the review process upon the platform.
Reduction in Transaction Costs
Blockchain allows us to move away from traditional methods of transaction fees often ranging between 1% to 10% set as flat fees regardless of transaction sizes. By using TripPay(TCH) this will significantly reduce the cost of a transaction, giving considerable savings to all the users utilizing the TripEcoSys platform.
Autonomous Disputes
We will be incorporating a systematic autonomous dispute function within the marketplace. Our ecosystem will operate all standard disputes based on the evidence provided by the parties involved. e.g, If a consumer booked an all-inclusive hotel booking with vendor A, and during their stay they had food poisoning. The vendor would have pre-agreed within our terms and conditions that if the consumer can provide evidence such as a doctor’s note from the period of time during their stay, when this issue occurred they would be entitled to a refund. All cases will be assessed thoroughly and constantly monitored by our team.
Peer-To-Peer Communication:
TripEcoSys will be the largest travel eco system to incorporate a direct connection between both the vendor and consumer via peer-to-peer chat. This chat will be privately hidden within the blockchain. Thus, allowing a consumer to ask and understand any questions, royalty discounts or deals that are currently on offer from said vendor.
Safety & Transparency:
TripEcoSys platform is designed specifically to be fully transparent for both vendors and consumers whilst offering a fairer deal. By reducing costs for vendors, in turn, bring costs down for consumers whilst increasing service levels. Safety within the marketplace is essential and needs to be evident within the industry, this is somewhat lacking at the present moment across all other platforms currently available online.
“TripEcoSys” is a decentralized travel ecosystem that supports community building and social interaction with cryptocurrency rewards. “TripEcoSys” combines concepts from social media with lessons learned from building cryptocurrencies and their communities. An important key is to inspiring participation in any community, currency or free market economy is a fair accounting system that consistently reflects each person's contribution.
“TripEcoSys” is the world’s first largest decentralized platform that aims to combine a incentivized social travel blogging system, an exchange, a multi-signature wallet and a merchant payment gateway in one place to meet all the necessity of traveler’s worldwide, accurately and transparently who make subjective contributions to its community.