TravelBlock offers a unique platform with the stated purpose of dramatically lowering the cost of travel by utilizing the blockchain system for booking.
They will introduce the new generation of travel by eliminating the traditional Global Distribution System (GDS) and going through the blockchain. By taking this route there will be significant advantages over utilizing existing frameworks and applications. It's low cost, pseudonymous, secure, immutable, irreversible and transparent for the public.
Their goal is to revolutionize the vacation industry by eliminating the traditional Global Distribution System (GDS), for the purpose of connecting consumers directly with service providers.
The GDS is a computerized reservation network, utilized as a single access point for airline reservations, hotel rooms, rental cars, and other travel related services provided by travel agents, online reservation sites, and large consortiums. GDS relies mainly on third party resources (Sabre, Amadeus, Galileo, Worldspan to mention a few), which results in higher fees, slower feedback, and a confusing overall process. A consumer booking through TravelBlock platform will be able to realize results within seconds to all major destinations.
Their promise:
TravelBlock will primarily focus its energy on the providers, as the industry would be non-existent without them. As a result of building the infrastructure early on and then connecting and integrating it with blockchain technology, they are confident to be able to ensure a comfortable and satisfying booking experience for consumers. Networking with the right providers and top brands will allow for the platform to expand, which will ultimately result in greater growth of infrastructure.
The key point to this process is centered on TravelBlock purchasing inventory in bulk directly from the providers, which in turn reduces the cost per unit and ensures discounted rates for consumers.
While many industries are now utilizing blockchain technology, it is particularly well suited to the travel industry due to its low cost of usage that eliminates transaction fees. The fact that it is transparent by nature and does not allow for unwanted alterations or deletions is another major upside. Furthermore, these transactions when processed through the blockchain platform, can be performed 24 hours a day, 7 days a week, with no ties to traditional bank restrictions. Privacy concerns are also addressed utilizing the security of the blockchain, reducing exposure of sensitive information in the face of current concerns with cyberattacks on traditional financial transactions.
The introduction of (TRVL) Tokens as a more efficient form of currency amongst participants, consumers, and providers benefits all parties involved. The platform will be able to incentivize all parties participating allowing for cross-currency usage with more flexibility and ease. By being part of TravelBlock using your (TRVL) tokens, you will have an average of 30% to 60% discount on your vacation needs, through their private consumer platform available only to (TRVL) token holders. Thanks to strategic bulk purchasing they will be able to offer some of the best deals on the market. They assure you that wherever your travels lead you to, you'll always get what you want, where you want, when you want it. That's their promise.
Website: https://travelblock.io/
Whitepaper: https://travelblock.io/documents/white-paper.pdf
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