Ethereum Travel Token is here to bring the power of blockchain technology and decentralization into the travel industry. It’s a dedicated ecosystem integrated with federation protocols (SAML, OAuth, WS-TRUST/FED) and built on ERC20 technology that will allow the travelers to book or manage their travel reservations in the Travel industry including Airlines, Hotels, and Car Rental Industries. The platform will launch their ICO pre-sale on May 21st, 2018 which will last until May 31st, 2018.
The total supply of ETHTT token will be 1 billion, out of which 600 million will be available through the ICO. The base rate is 1 ETH=10000 ETHTT. Using the Ethereum Travel Tokens (ETHTT), the users will be able to make transactions in the travel industry for booking, ticket purchases, reservations etc. The ETHTT’s goal is to integrate all the travel industries including airlines, hotel and car rentals under one umbrella to enable peer to peer integration between the traveler and the travel industries. Bringing decentralization into the travel industry will facilitate effective transactions, transparency and security of the user.
ETH Travel token overcomes the shortcomings of traditional methods of doing transactions in the travel industry by providing a platform where the users can book their travel using ETHT tokens without the need of sharing their personal information with third-party travel agents. Using the standards-based methodologies, the platform can also reduce user management overheads, security loopholes, and user inconvenience.The ETH Travel ecosystem will provide a single sign-on federated easy access to several partner applications including major airlines, hotels etc. for the user to plan their travel effectively, at one place.
Ethereum Travel token has the potential to revolutionize the travel industry by offering key benefits like lower costs, faster processes, travel points/rewards and greater flexibility. It eliminates the need for any middlemen like travel agents, Online Travel Agencies and Global Distributed Systems for costs effective and faster transactions. All the transactions can be done directly to the customer to the travel company without any third party intermediaries.
Apart from the above, the Ethereum Travel Token can also provide the basis for the users to redeem 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 for redeeming the rewards. The main ICO of Ethereum Travel Token will begin on June 1st, 2018 and will end either when the soft cap of 10000 ETH is reached or on June 30th, 2018.
More information about the platform and the ICO can be found at ethtravel.io.
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