TrustaBit

TrustaBit

Created using Figma
Created using Figma

Last Update

Jan 25, 2018

TrustaBit is the latest software solution and offers the opportunity to automatically issue vouchers to passengers in case of cancellation of tickets or ticket delay. The total passenger rights market is estimated at $ 3.3 billion per year. Since 2013, AirHelp gathered a total of $ 85 million of reward from passengers behind the flight. AirHelp functions as an intermediary. Passengers provide information on flights to AirHelp and AirHelp cooperates directly with airlines to earn rewards on behalf of customers.
Sale
Nov 5, 2018
Jan 5, 2019
100% completed
Raised funds - no Data
Cap 107 000.00 USD
Hard cap 2 000 000.00 USD
past
Pre-sale
May 25, 2018
Oct 25, 2018
100% completed
Raised funds - no Data
Cap 3 000 000.00 USD
Hard cap 49 000 000.00 USD
past
Token Details
Accepted Currencies
ETH
Additional Details
Platform
Ethereum for crowdsale, Hyperledger for product

About TrustaBit

TrustaBit is a state of the art software solution that will give airlines the opportunity to automatically issue vouchers to passengers when their flights are canceled or delayed. The total passenger rights market is estimated to be $3.3 billion annually. Since 2013, AirHelp has collected $85 million in total compensation from passengers who have had their flights delayed. AirHelp functions as a middleman; the passenger provides information about their flight to AirHelp, who then works directly with the airline to get compensation on the customer’s behalf. To date, a total of 1.3 million passengers have used this service and they have paid AirHelp a fee of 25% of the total amount collected. These numbers show that passengers are willing to pay extra for a trust worthy digital service that will give them what they are owed.

In the European Union they have established EU261 which states that airlines have to pay a compensation to the passenger in the range of $261- $626 depending on the time and distance of the flight. In the United States there is no specific law to help with delayed flights unless you have an international itinerary, then the Montreal Convention will apply. Many US carriers still choose to compensate passengers for the inconvenience of those delays and cancelations.

Your airline can increase its return on investment for passenger compensation by directly offering their customers a more efficient and convenient way to receive their vouchers. Our smart contracts will allow your customer service agents to focus more on “the tricky” situations while leaving the mundane and repetitive work to our system. Long waiting times, subpar customer service and excessive administrative procedures are among the current pain points for passengers who attempt to collect vouchers directly from an airline." When you implement our blockchain solution you can increase your customer loyalty and take advantage of this new market segment. According to a J.D. Power study, “When passengers choose an airline based on reputation or experience – as opposed to cost or schedule- satisfaction and brand loyalty increases.”

Features

TrustaBit are building an ecosystem where a user who has an expiring voucher can trade that voucher for TABs. TABs are a proprietary "currency" of sorts which be used in a similar way to an online gift card or voucher, except that it is more elastic and secure. The days the user receives a voucher is when it holds the most value in TABs As the voucher ages it becomes less liquid.

TrustaBit Roadmap

  • Q4 2017 Idea Creation

  • • Global airline voucher market research
    • Whitepaper
    • Registration of legal entity
    • Technical feasibility assessment
  • Q4 2017 Idea Creation

  • • Global airline voucher market research
    • Whitepaper
    • Registration of legal entity
    • Technical feasibility assessment
  • Q1 2018 Token sale

  • • Team set up
    • Token presale
    • Token sale
    • Distribution and creation of TABs
  • Q2 2018 Development

  • • API integration with Blockchain technology
    • Smart contract development
    • Security audit
    • Formation of strategic partnerships
  • Read More
  • Q3 2018 Business Development

  • • Brand awareness initiatives
    • International marketing campaigns
    • Worldwide launch of TrustaBit API
  • Q4 2018 Growth Strategy

  • • Product Development
    • Increase our addressable market
    • integrate TrustaBit into broader market’s (retail, hospitality, tourism)

Activity

Activity:
266
HIGH
Posts:
42
VERY LOW
Views:
1 317
LOW
Activity:
266
HIGH
Merit:
10
LOW
Posts:
235
MEDIUM
Views:
4 717
MEDIUM
Users:
126
MEDIUM
Posts:
118
MEDIUM
Followers:
6 788
HIGH
Likes:
5 909
HIGH
Rating:
4.90
VERY HIGH
Followers:
1 138
LOW
Tweets:
581
VERY HIGH
30 Days Growth:
-4
Members:
6 117
HIGH
30 Days Growth:
-559
Year commits:
0
Watchers:
12
Stars:
1
Forks:
2
Open issues:
0

TrustaBit Team

Verified 60%

Attention. There is a risk that unverified members are not actually members of the team

Saritta Hines
Founder / Chief Executive Officer
verified
Blair White
Founder / Chief Sales Officer
verified
Woody Means
Chief Technology Officer
unverified
Jaymes Hines
Chief Marketing Officer
verified
Kelvin Ndereba
Blockchain Developer
verified
Sheletha Drew
Senior Corporate Tax Analyst
unverified
Samuel Dare
Lead Hyperledger Developer
unverified
JaMarr Johnson
Director of Marketing
verified
Landon Williams
UX/UI Designer
unverified
Hakar Sulaiman
Creative Design Engineer
verified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Mahroze Baloch
Advisor
unverified
Casey Gardiner
Advisor
unverified
Nelson Petracek
Advisor
unverified

TrustaBit Interviews

Saritta Hines
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
CEO/Founder
Blair White
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
Chief Sales Officer/Founder
Jaymes Hines
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
As CMO/ Chief Opportunity Officer my role is to help craft and connect with our team and supporters the right messages of how Trustabit platform leverages blockchain protocols to digitally deliver client's promised value of compensation to its travel passengers quickly and accurately. What I like very much about Trustabit approach to this everyday, global travel problem is how process can be used beyond travel, tourism and hospitality industries.
Kelvin Ndereba
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
Lead blockchain developer and smart contract development and auditing.
JaMarr Johnson
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
My role is to help align our marketing efforts to garner funding and corporate partners. The idea is one that I have experienced personally and as an avid bitcoin enthusiast this is the perfect use case for my passions.
Hakar Sulaiman
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
Creative Design Engineer

TrustaBit Last News

3.71
stable
5.0 16
ICO Profile Vision Activity Potential Product Team

TrustaBit Reviews

icotokennews.com
reviews

This ecosystem looks promising because it’s introducing the blockchain’s wonderful possibilities to the airline business. You can refer to TrustaBit’s whitepaper to get a full overview of this crypto project and the technologies it’s using. If you’re satisfied with the business model, you should go ahead and join the ICO sale and buy some TAB tokens.

Read More
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