In a nutshell, Winding Tree is a set of smart contracts on Ethereum with a DAO governance platform that allows for the holders of Líf to participate in the development of those contracts.
Winding Tree connects suppliers (hotels, airlines, etc.) and sellers (travel agencies) to a single marketplace. Suppliers will be able to put information about their availability and price onto the database, where it would be easily discoverable by sellers. Sellers then have the ability to buy that inventory and pay for it instantly. All these interactions are designed to be performed without human intervention.
For supplies: Suppliers can distribute inventory directly to points of sale, skipping costly intermediaries and bottlenecks to data. For sellers of travel: Access inventory from all suppliers from a single platform with no markup fees and no barriers to entry. For travellers: Use Líf to pay directly for travel needs.
Attention. There is a risk that unverified members are not actually members of the team
This is not the first time attempt to connect buyers and sellers in the market of tourist services. The difficulties of the industry described in the beginning of the project, the monopolization of the US market, outdated communication technologies, and the low level of automation in the sphere of tourism should cause the potential investor to change the existing state of affairs with benefits for himself. But, for some reason, we did not have a great desire to invest our money in this project. Why? For a number of reasons, in particular, a lot of time in describing the project is a complaint about the poor state of affairs in the tourist sphere, but there is no clear business plan, and at least a schematic vision for the promotion of the project. On what grounds the travel industry should go to the Winding Tree platform? Only on the grounds that the blockchain technology is quite the thing. And how long have you used a fax or telephone to book air tickets and book a hotel? And maybe not so bad in tourism? Will there be enough transaction processing speed in the blockchain to handle a huge number of transactions in the tourist business? So we thought and decided that there was no point in investing in this project.
For a project that’s set out to make a big mark on the travel industry, the Winding Tree ICO holds a formidable hand. The project already has three partnerships with large enterprises in their target industry and a testnet online. The open source concept also lends a higher degree of adaptability to the project. While the challenges ahead loom large, we believe the Winding Tree ICO could well mark the beginning of a change in the industry. After weighing all of the pros and cons of the project, we’ll be making a small bet on the Winding Tree ICO.
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