TRAVELCHAIN

Travelchain an open smart contract platform ( blockchain implementation) for B2B travel technology providers to start using each other’s services realtime! The owner worked on Travel technology solutions for 6 years. She knows most of the challenges with these businesses such as: high Annual License Fees paid to bigger technology providers to use their services even though there are low seasons which the service is not used at all, the process of finding the right travel tech partner for a new service is very time consuming and you might lose your seasonal customers. You can not have all licenses of providing all sort of travel services at once as a small or medium sized company, high commissions paid to monopolies, international remittance and money transfers which are very expensive and time consuming and many more. All of these problems and challenges can easily be addressed by an open smart contract solution based on blockchain and adding a travel cryptocurrency. This platform allows SMEs in tourism industry to find eachother realtime and start and stop using eachothers services at anytime they wish and pay for eachothers services with less transaction costs and through defined cryptocurrency. Therefore, SMEs from different parts of the world with different high and low seasons of tourism can adopt their service and manage their cost and also decentralise the service in this industry.

They would make the idea more mature and market fitting on the festival. Once they have a start plan they will develope the first version and run a test with 3 to 5 SMEs and release the first version in 2020.