ETH Travel Token

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.