ETH Travel Token

ETH Travel Token

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Created using Figma

Last Update

২৬ মে, ২০১৮

ETH TRAVEL is a decentralized travelling ecosystem integrated with combination protocols (SAML2.0, OAUTH, WS-FED) built on ERC20 blockchain technology for the travelers to book or handle their travelling reservations in the travelling production including airlines, hotels and car rental industries. The platform through the use of federation protocols and blockchain technology streamlines the operations of different travel industries due to increased efficiency leading to higher growth.
ICO
১ জুলাই, ২০১৮
৩০ জুলাই, ২০১৮
100% completed
Raised funds - no Data
লক্ষ্য 10 000 USD
টুপি 100 000 USD
past
Pre-ICO
৫ জুন, ২০১৮
১৫ জুন, ২০১৮
100% completed
Raised funds - no Data
লক্ষ্য 5 000 USD
টুপি 10 000 USD
past
Token Details
Ticker
ETHTT
Accepted Currencies
ETH
Company Details
Registered Country
Netherlands
Additional Details
Platform
Ethereum
KYC
Yes

সম্পর্কিত ETH Travel Token

INTRODUCING ETHEREUM TRAVEL TOKEN Using the federation protocol, ETH Travel resolves many issues of securely managing identities and thereby, letting the users book their travel using ETH Travel Tokens without the need of sharing their personal information with third-party travel agents. ETH Travel enables the users to provide a “portable trust” directly with travel businesses and share their identity information with those businesses when and only the users book their travel using Ethereum Travel Tokens. This allows Ethereum Travel to enable the users to increase their control over their personal information and resources, regardless of where those resources reside.

ETH Travel allows the users to securely exchange tokens with their partners across the travel industry. Utilizing standards-based methodologies, ETH Travel can reduce user management overheads, security loopholes, and user inconvenience. The primary driver for ETH Travel is to provide a Single Sign-On federated easy access to many partner applications (major airlines, hotels and rental car) inside the Ethereum Travel portal that a user will access to book their travel. These applications will be federated internally on the Ethereum Travel infrastructure network, or they may be externally hosted (cloud) by a travel industry vendor or other Application Service Provider (ASP) with whom Ethereum Travel has already established a trusted network.

বৈশিষ্ট্য

ETH Travel Token Benefits -

Primary Benefits- Every transaction that implements the ETH Travel Token will be a true disruptive in the travel industry, with users owned tokens that have real value, and a full, secure, and efficient economy. It will scale to millions of concurrent users, all using Ethereum Travel Tokens (ETHTT) to manage or book their travel reservations. The blockchain is a special technology for peer-to-peer transaction platforms that uses decentralized storage to record all transaction data. The first blockchain was developed in the financial sector to serve as the basis for the cryptocurrency “Bitcoin”. More and more new applications have recently been emerging that add to the technology’s core functionality – decentralized storage of transaction data – by integrating mechanisms that allow for the actual transactions to be effected on a decentralized basis. These mechanisms, called “smart contracts”, operate on the basis of individually defined rules (e.g. specifications as to quantity, quality, and price) that enable an autonomous matching of distributed providers and their prospective customers.

Lower costs, faster processes and greater flexibility - Ethereum Travel Application changes the way the users transact to make a reservation, with the underlying transaction model shifting away from a centralized structure (Online Travel Agents, Sabre, GDS) towards a decentralized system (end customers, travel industry giants). Third- party intermediaries like OTAs (Online Travel Agencies) and GDS (Global Distributed Systems), whose services are needed today in most travel industries, are no longer required in such systems – at least according to the blockchain theory – given that transactions can be initiated and carried out directly “from peer to peer”. This can cut costs for both the end users/ travel industries and speed up processes. As a result, the entire system becomes more flexible, as many previously manual work tasks are now carried out automatically through smart contracts.


The wide range of Travel Industry use cases - Ethereum Travel Token technology shows a lot of promise. Other than being used to execute travel reservation transactions. It could also provide the basis for the users to redeem their travel points/rewards and book the reservations for any domain (Hotels, Airlines and Car Rentals). Meaning, the users will not face the burden to stick to one airline/hotel or rental car industry. The users will be able to convert the airline points/hotel rewards to Ethereum Travel Tokens (ETHTT) and use it whenever it is required. Other possible areas of application are in the documentation of ownership, the state of rewards (Ethereum Travel Tokens Rewards Management), guarantees of origin, emission allowances and renewable travel points which will be converted to Ethereum Travel Tokens

Ethereum Travel Token has the potential to radically change the travel industry system as we know it, by starting with individual travel sectors (Airlines, Hotels, and Car Rentals) first but ultimately transforming the entire travel industry market.

 

Token Adoption and Hosted Web-Application Roll-outs -

Using the ETH Travel token application, which is a risk-free, the users will not share their credit card information with the mediators (travel agents) and have the ability to control their personal information and book their travel using ETH Tokens directly integrated in the travel industry (Airlines, Hotels and Rental Cars). The goal of using the ETH travel token protocol is to bring all the industries (Airlines, Hotel and Rental Cars) under one umbrella that are currently managed by third party vendors. Since ETH Travel token is based on ERC20 technology, we will integrate the technology with more federated protocols, such as SAML, OAUTH 2.0, and WS-Fed to provide risk free and better user experience for the travelers to book their travel using ETH Travel Tokens.

Reduced Unnecessary Cost/ Fees with Online Travel Agents -

Costs of booking a travel through travel agents are much very higher when compared with direct booking using ETH Travel Tokens. There will be no markup fees/ commissions to book your travel using ETH Travel Tokens. This also means that the user/traveler is much secured due to service stability, high availability, and there is no dependency of connecting to travel agent websites (Expedia, Travelocity, etc.). ETH Travel provides simpler, and more robust, flexible and manageable methodology for managing travel booking using ETH Travel tokens with various travel industry entities.

Eliminate Burden of Risk on Identity Ownership-

Federation capabilities offer a sophisticated, flexible mechanism of user attribute-based sharing, making it possible for Ethereum Travel to act as an identity provider to share much less information about the users and yet achieve the required behavior in the receiving application from the airlines, hotels and car rental industries. Federation allows Ethereum Travel to act as an identity provider to send user travel booking transactions to federation partners (airlines, hotel, and rental car industries) as part of a Blockchain federation message. This allows service providers to utilize these assertions and eliminate the need to have a local account for each individual user in some cases.

Reduce Cost of Audit and Compliance -

1) Auditing & Logging

  • Designing an Ethereum Travel system for non-repudiation and fraud analysis
  • Logging each and every transaction details to create a trustless audit trail

2) Enterprise Integration

  • Integrating with existing and incumbent systems such as airline industries, hotel industries, and car rental industries for business intelligence, reporting, and analysis, etc. as part of the user travel transactions

3) Monitoring

  • Evaluating and tracking IT factors such as availability, capacity, patterns and fault identification for the Ethereum Travel cloud-based solution
  • Monitoring the health of the Ethereum Travel cloud-based solution

4) Reporting

  • Building connectors to the existing and future travel enterprise systems
  • Assessing Ethereum Travel Token transaction market offerings for reporting

5) Development Program

  • Developing easy-to-use APIs and programming frameworks for integrating applications using Federation Protocols (SAML 2.0, OAuth 2.0, WS-Fed…)
  • Formulating a blockchain architecture based on existing system maturity

This means that when communicating identity authentication and travel transaction details to airlines, hotels or rental car providers, travelers do not have to expose any identifiable information about their identity beyond what is necessary for booking a flight ticket or making a hotel/car rental reservation, while the service providers do not need to worry about storage and maintenance of user identity information. In addition, the users’ Ethereum Travel tokens are not transmitted or exposed to any of the travel industries.

প্রযুক্তিগত তথ্য

THE PROBLEM

There is a growing requirement for the users to access different resources on the Internet in order to book their travel, such as creating an account on third party vendor websites (Orbitz, Expedia, Travelocity….,) and looking for low fares to book tickets, updating their sensitive personal information or accessing external applications and portals which are unsecured. Traditionally, the users have to access these resources by providing their identity information which is shared with multiple third parties. Major travel conglomerates like KLM, Lufthansa, Cathay Pacific, American Airlines, United, SPG, Marriott and much more are challenged to maintain a secure environment across internal and external applications. Due to the current complex and distributed nature of user identity, the ability to coordinate, interact and control the traveler’s identity and personal information adds an additional set of challenges.

Many travel organizations today are struggling with the integration of rewards/loyalty program into their framework and the integration further complicates the problems in the industry. The recent case of Marriott exemplifies this tendency. In recent months, Hard Rock International and United Airlines announced the problems and attendant loss which resulted from not converting the points and mileages given to the travelers. As a result of their ubiquity, these unclaimed mileages and points have been commoditized. Hence, the travelers see it as a commodity and they become less effective and non-incentivized.

 The ETHEREUM TRAVEL TOKEN SOLUTION

The global decentralized and blockchain-based digital currency for the global travel industry, powered by its internal token, ETH Travel Tokens (ETHTT) aims to reinvent and reshape the way we travel, make payment, interact, communicate, and exchange within the global travel industry. Also, our blockchain smart-contuploadselfieid6racts enable travelers, airlines or participating merchants on the Ethereum Travel platform to run incentivized loyalty programs and reward their consumers using our token. We also enable our users to efficiently and quickly make payment for the travel-related expenses without unnecessary waiting times or long chains of transactions inherent in the traditional travel system. We finally acknowledge those who feel secure and safer travel to their destinations with the digital currency. Travelers and tourists can cut their expenses on security and conveniently track their points and mileage. The most unique valuation proposition of ETH Travel is that it can be used for all travel-related choices including but not limited to airline tickets, hotel accommodations, and car rentals.

ETH Travel Tokens will not only revolutionize the traveler's data security, integrating the various travel domains into a single ecosystem, and provide an enabling environment for users to redeem their points or bonuses but also provide a decentralized marketplace for travelers to purchase and sell their own tickets. This will be powered by the smart contracts blockchain in the form of a decentralized Application. Through this, our goal is to inject a new breath into the industry where the entire travel ecosystem is a tangible asset and which the ownership of the asset can be modified or changed. The network algorithm will have an open API for all the travel agencies and applications who want to build and integrate their platform to ETH travel token application.

The core aim of this decentralized peer-to-peer marketplace is to give our users greater power to own their sensitive information, track their transactions. The ETH Travel decentralized market place gives our ETH Travel community and the respective service providers greater confidence, enabling a business opportunity to resell the ticket and allowing a potential refund (converted again to ETH Travel Tokens) if they wish to cancel the reservations. The Dapp relies on no intermediaries, middlemen or third parties with instantaneous confirmation of transactions, and anonymity for privacy and security through the ETH travel blockchain.

ETH Travel Token Roadmap

  • 2016 December

  • Initial Idea/Solution to create Ethereum Travel Token was born.
  • 2017 February

  • ETH Travel Token - Foundation of Research & Development center
  • 2017 May

  • The 11-member team formed to start the Enterprise case study on several use cases in the travel industry and connecting with major travel industries.
  • 2017 July

  • ETH Travel Token solution to integrate all the major travel industries using Blockchain and Federation technologies.
  • আরও পড়ুন
  • 2017 September

  • Development of workflows for the end to end user travel booking process, set up the environment for the integrations.
  • 2017 November

  • ETH Travel Token- Initial POC to integrate with Global Distribution Systems (Airlines, Hotels & Car Rentals) started as part of the beta phase.
  • 2018 June

  • PRE-ICO Crowd-Sale Starts
  • 2018 July

  • ICO Crowd-Sale Start and Ends.
  • 2018 October

  • List Ethereum Travel Tokens (ETHTT) on major exchanges.
  • 2019 June

  • Ethereum Travel cloud application integration with major travel industries inEurope/ Asia (including release of mobile application to the user community) for the users touse Ethereum Travel Tokens to book/manage the travel reservations.
  • 2020 May

  • Expansion of Ethereum Travel Tokens usage to North/South American travelindustries.

কার্যকলাপ

অনুসরণ:
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LOW
টুইট:
489
HIGH
30 Days Growth:
-1
আলেক্সা
মর্যাদাক্রম:
17 049 169
VERY LOW
ব-দ্বীপ:
13 827 289

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ETH Travel Token Interviews

Oinoun Rauli
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Oinoun Rauli leads the Ethereum Travel blockchain technology Practice. He has over 20 years of experience in advising major travel industries on the strategic, operational, regulatory, of operating regulated travel industry services business models around the world, including both consumer lending and service provider products. As part of this initiation, Rauli is much focused on ensuring the right functional expertise is aligned to ETH Travel efforts and the broader Blockchain work that is being connected to multiple travel domains.
Brian Rambasch
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Brian is leading the PoC work within the Blockchain/Smart Contracts ETH Travel domain practice. He is a subject matter expert in Blockchain technologies and focuses on Business Model and Operating Model Innovation using this technology. He has over 17 years of experience in providing consulting services to large global companies. primarily in travel industry sector in various kinds of initiatives ranging from developing strategy to design operating model and successfully implement solutions.
Salonen Kasi
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Salonen is part of the Travel Capital Markets team, specializing in effectively delivering large transformation programs at top travel industries including Airlines, Hotels, and Car Rentals. She has over 20 years of experience in running front-to-back programs across divisions at different travel and tourism industries. She has designed and managed large-scale implementations through the entire lifecycle, from design through build, test, and adoption/conversion. She is an expert at running multidisciplinary teams and in making large programs deliver what the business needs for the transformation, with particular focus on managing the risk and the costs involved with any large transformation. She is currently focusing on introducing blockchain technology through optimizing shared service models, and most especially, through more effective use of travel industry talent within ETH Travel.
William Smith
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Williams is part of the Ethereum Travel Blockchain technology senior executive and practice leader in Ethereum Travel R&D, which mainly focuses on the technology and cyber- security parts of travel industries. He has more than 20 years' experience in managing the development of advanced federation integrations and also leading the quality assurance department of the product. Before joining ETH Travel, Williams worked for major industries focusing primarily on startups in the Blockchain and Federation space.

Additionally, Williams is involved in driving a secure developing lifecycle framework in Ethereum Travel, this corresponds with the high requirements of Blockchain and Federation related software and the conjunction with encryption, hashing, and key distribution and management.
Paul Ladder
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Paul Ladder is currently leading the Ethereum Blockchain practice with a focus on travel industries and has been involved in the space for the last three years specializing in business case development for next generation travel industry market structure anchored in Ethereum Blockchain methodology. Paul brings over 12 years of travel industry experience with a focus on highly transformative initiatives including but not limited to end to end design, Margin & Collateral Optimization, and Front Office to Back Office process renovation.
David Muller
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
David Muller is part of ETH Travel's BlockchainEmerging Technology Lab in Amsterdam. He is a graduate of Blockchain University: Cohort #5 and has experience with Eris based Blockchain deployment and Smart Contracts coding and is in charge of leading the technology development for the crypto economy effort. He is the Senior Manager for The Technology Lab focuses on researching and prototyping new solutions for ETH Travel clients across Asia Pacific and EMEA. In this capacity David works closely with the business, developing private blockchain delivery methods. David was previously part of the core financial diligence team with multiple travel industry firms, and is a pro-bono financial advisor to social enterprise businesses.
Mark Davis
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Mark is a Product Lead within the ETH Travel team. He has more than 10 years of experience in designing and building web and mobile products in the ERP, CRM and Blockchain technology for travel industry sectors. By bridging a strong engineering background with deep product thinking, along with a passion for design and UX, Mark has been pivotal in shaping multiple world-class payments platforms.
Chong Long
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Chong has more than 15 years of experience in Information Technology Federation related integration deployments, Cybersecurity, Privacy, IT Governance Risk and Compliance and national/international regulatory requirements in the Information Technology space.

Chong has led projects and worked in all major travel industry service sectors. He has a strong international background having lived and worked in Europe and led teams in EMEA and APAC (China). His comprehensive technology background allows him to provide insights on all aspects of information technology strategy, risk, compliance, and control with related to Blockchain and federation integrations with all the major travel industries.
Julia Oona
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Julia is the EMEA lead and Senior Advisor for ETH Travel across EMEA and APAC in Ethereum ERC 20 Blockchain, working with Clients and partner firms to understand and shape how this technology will be used to drive efficiency, transparency, and speed across the travel industry market. She has over 30 years of experience in multiple industries delivering technology and operating model changes end to end user transactions and market infrastructure industries. Julia has a deep understanding of travel transactions across various travel industries, clearing settlement, collateral management, and operations. Julia has developed and delivered a number of transformational change projects at major travel industries (KLM, AIR France, Marriott, SPG) and helped them plan structures that respond to the needs of Recovery and Resolution. Prior to joining in ETH Travel, Julia was with Air France for 11 years leading the Airline Markets practice in France.
Marcia Groell
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Marcia is a Blockchain and Smart Contracts proposition advisor in ETH Travel Practice. As a bonafide polymath, Marcia has been instrumental in synthesizing rich insights from Travel Industry Markets, Competitive Strategy, Regulation and High Tech to advise clients across EMEA in senior management, startups, private equity and regulation in framing their response to the disruptive potential of Distributed Ledger Technology. Prior to ETH Travel, Marcia served in Big4 senior advisory roles, where she helped the consultants for state of the art technology solutions using hands-on SME experts in BI, big data analytics, distributed computing, distributed databases, cryptography and network protocol engineering, which afford her the specialist insights into the applications and challenges of Travel Industries ecosystem.
Kim Laura
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Kim Laura is part of the ETH Travel Blockchain working group. She is a graduate of Blockchain University: Cohort #5. Kim has worked on a wide variety of Blockchain business development projects, including advising, developing PoC proposals, strategy and solution development, and reviewing Blockchain and Federation integration best practices with several major companies. Kim has also been a part of the ETH Travel practice's onboarding team, she has experience identifying and onboarding startups into ETH Travel. Kim is part of the travel industries markets practice and has been working with major airlines, hotels in projects involving an end to end travel transactions for the last couple of years.

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ETH Travel Token Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

ETH TRAVEL is a decentralized travel ecosystem integrated with federation protocols (SAML2.0, OAUTH, WS-FED) built on ERC20 blockchain technology for the travelers to book or manage their travel reservations in the travel industry including airlines, hotels and car rental industries.

PROS:

  • Lower costs: The platform use enables the user to easily make reservations and free peer to peer transfers without the reliance on any third party intermediaries hence highly reducing the involved cost
  • Security: The cryptographically signed history enables the platform to maintain data integrity between the user’s transactions and the travel industries. The platform further stores the user's data on a private database which can only be accessed by permission personal hence eliminating cyber crimes and the associated fraud
  • Transparency: The platform transparently displays and retains all the transactions history for the users involved in the traveling industries which can be easily retrieved in case of need
  • Traceability: The use of federal protocols enables the platform to easily combine IDS and history of transactions hence can be easily traced
  • The platform well developed mobile application enables the users to easily manage or book travel reservations as the users can conveniently   and securely access their accounts
  • The platform has a credible team with the relevant experience and skills necessary for the project implementation through the guidance of the CEO Oinoun Rauli who has many years of experience   in the travelling industry
  • The platform white paper is available in many languages hence promoting an extensive use of the platform across the globe satisfying the desire of individuals to explore

CONS:

  • The platform white paper is missing the involved team members
  • The ETH token is not easily exchangeable with the other cryptocurrencies and fiat
  • The loss of the users private key can prevent them from accessing their accounts

SUGGESTIONS:

  • The platform white paper should be more detailed, bearing the team involved  with their detailed profiles
  • The ETH token should be made exchangeable with the commonly used cryptocurrencies and fiat to enables the usage of all the currencies in carrying out the reservations

NOTE:

The platform through the use of federation protocols and blockchain technology streamlines the operations of different travel industries due to increased efficiency leading to higher growth. This is clearly makes the project viable and I would highly invest in it.

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