Travelchain CEO IIya Orlov has explained how the blockchain could transform how we travel. TravelChain is a decentralized data exchange for the travel industries. He believes that Blockchain technology gives a prodigious opportunity for travel industry players.
Travelers can now earn money for sharing their experience directly and safely with travel businesses, and the companies can integrate new products and services easily by using Blockchain.
He says the Travelchain platform has its own graphene-based Blockchain, which allows travel companies to integrate into the system and create their business models on top of the platform provided by TC.
The difference between graphene-based and a “standard” Blockchain is that Graphene-based Blockchain allows users to make the public information available for every part of the system, while safely encrypting the private information. He believes this is key in how the blockchain could transform how we travel, it has Individual users own the private keys to their data to control secure storage in real time.
“At this moment there is no Blockchain faster and more powerful than Graphene-based. Moreover, the community of this technology is ideologically close to us. We share and build the hypothesis of gathering, storing and transferring data in the Blockchain.”
On how travel passport works, Orlov says:
“Traveler Passport” is a key component of TravelChain functioning. It is a model with distributed trust which allows you to form an image of another person without being acquainted personally.”
He gives an example of how traveler passport works:
“For instance, say you have a vegetarian restaurant, thanks to TravelChain you´ll find out that there are 150 vegetarians currently living in the neighborhood. You can purchase the more specific data like their tastes and preferences in exchange for Travel Tokens. Once you get the information, the users will receive the tokens as a reward.”
On the road ahead, he says:
“We have ambitious plans for 2018. The key point is that we do not compete with anyone, we are striving to make the market and services better by integrating the industry.”
To summarize, Orlov explains his view on humanity future through Blockchain development:
“Blockchain platforms like TravelChain could completely change the landscape of the travel market with users taking an active part in creating value, communicating and sharing data directly avoiding intermediaries and aggregators.”
Hit the comment section below and let us know if you believe TravelChain could change the travel experience for us???