Decentralization of Travel Industry

Travel & Tourism is a key industry for economic development throughout the world. Its indirect contribution has been reached over 7 Trillion USD in the world in 2017. In a more globalized world, our means of travel and options are expanding continuously.

“A cup of espresso in a red mug on a wooden coaster with a glass of water, on top of a magazine” by Oliver Thomas Klein on Unsplash

There are three main issues on this operation. First one is distributing of availability of data and reservation which has partially solved with GDS(Global Distrubution Systems), second one is operations and settlement between all parties and third one is circulation of payment through means of domestic and over the​ ​border​ ​transactions.

These three main issues are bottlenecks for travel industry to improve themself. With the millennials needs like Remote check-in, paperless boarding passes, real-time travel news, maps, GPS, messaging, shopping, travel industry has to change their business models to decentralize ones. Further Network is building Autonomus Smart Travel Ecosystem to solve this issues for every party in travel industry and changing their business models with decentralize one. With Further Network, We envision a future where the travel products are customizable, interactive and autonomous. An airline ticket can be a personalized product, solely for that travel for the person buying at the time of engagement. We may, very well, customize the ticket from the leg length of the row to the in-flight entertainment package the frequent flyer receives. Airlines may generate a peer-to-peer interline agreement contract within minutes of demand rises and offer them automatically. We may distribute and enable this personalized pass in your digital wallet, proofing your true identity, to be used from the autonomous vehicle taking you to the airport, throughout​ ​your​ ​flight​ ​and​ ​at​ ​the​ ​door​ ​of​ ​your​ ​destination​ ​hotel​ ​room.

“Planes from different airlines are docking at the terminal gates surrounded by the ground-service crew.” by chuttersnap on Unsplash

With digital currency Aton with in the Ecosystem, Travellers can buy airline tickets or make hotel reservations etc. without pay any intermediary fee.

Aton, main driving force of Further Network

The Aton is at the heart of the Further Network Ecosystem. The token would be useful to conduct transactions and also help users of the platform to participate in the governance of the platform. All transactions which has a value in the Further Ecosystem will both be kept in desired currency and Aton. This will allow the system to calculate the entirety of the transactions and set the balance independent of the currency used by the issuer or the purchaser. This is important for ease of calculation and conversion to other currencies. In an example of an agency in Brazil working with other agencies around the globe can see the balance of all the operations in Aton and its conversion in Brazilian Reais without depending on counterparts’ particular currency or another third currency, where another conversion​ ​is​ ​necessary

Aton (ATON), Further Network’s digital currency, is not an investment-grade security of any kind. Aton is a digital token for participation and use of the Further Travel Settlement Network and does not confer ownership of a stake in the business.