Blockchain technology is proving its capabilities to solve mainstream challenges every day. The smart contracts is a disruptive technology that is transforming blockchain technology and making it viable in the mainstream. Tours and travel industry is among the latest industries that are quickly being transformed by the chain technology. TRIPBIT is one the blockchain based networks that are changing the travel industry in a great way.
What is TRIPBIT?
TRIPBIT is a blockchain-based technology that aims to revolutionize the Travel and Tourism industry. The platform will be using chain technology to change how people purchase and book flights, hotels, and events. The concept behind the project is to have a payment system (cryptocurrency or fiat-based) that eliminates middle means while at the same time travelers enjoys the absolute convenience. That means they will be getting services instantly and at a lower price.
How TRIPBIT Works
The team is creating a single ‘All-In-One’ solution platform that will incorporate three core business- Flight, evens, and hotel. The platform will be based on a decentralized structure and a secondary dApp (decentralized application) marketplace. The decentralized structure will support developers to adopt the technology into their business. But the secondary dApp is designed as a p2p marketplace. It will enable users or ticket holders to resell tickets to events with non-refundable. The secondary dApp will also be a great platform for those who want to purchase discounted tickets without intermediaries.
TBT is the token or the currency that facilitates transactions on the TRIPBIT ecosystem. That’s the fuel needed to operate on this platform. Developers will need to have this currency to run their applications on the TRIPBIT network. You can get the currency at the ICO that is happening as of now.
ICO pre-sale is happening as now. It started on March 21, 2018 and will end on the April 24th, 2018. The main sale begins on May 1st, 2018 and ends on July 3rd, 2018. All you need is ETH to participate in the ICO.
What Makes TRIPBIT Different from The Rest
One of the main difference between TRIPBIT and other platforms is the fact that it users can use both cryptocurrencies and fiat payment. That means it is a platform for all.
In conclusion, TRIPBIT is a highly potent blockchain based platform. With the Tour and Travel industry is estimated to be worth about 7.6 Trillion Dollar industry, it only shows the potential of the market the platform is venturing in. TRIPBIT is definitely a project to watch and worth outing your money in.
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