TriipMiles - A Platform Decentralized Travel Profitable

About TriipMiles

Unlike many blockchain projects that are building from scratch, Triip is already profitable with a close relationship with tourism boards in the Asia Pacific. It has a proven business team which create a dynamic ecosystem and can claim to be the world’s first and largest exclusive local tours platform.

Our decentralized platform, with the TriipMiles (TIIM) token at its core, will be the respondent to 3 key challenges in the travel world. TriipMiles protocol will aim to remove unnecessary friction in the travel space and align values in a way that creates incentives to locals, tour guides and travellers.

TriipMiles, the utility token, will empower more locals to participate in the travel industry. The current travel economy only has a few centralized players participating: travel business owners & local employees, OTAs, and travellers.

With TriipMiles, all elements of the travel economy will be presented in a circle where each aspect can be tracked and verified by any individual. Quality and transparency will be visibly demonstrated.

For instance, each group within the TriipMiles economy will collaborate, process functions and be rewarded with TriipMiles as their work is verified. This is accomplished by a smart contract and cannot be controlled or affected by any outside entity.

The Problem In The Travel Industry

There are a variety of complex problems encountered in the travel industry, such issues as:

• Inefficient inventory approval process and dispute resolution issues.
• Inefficient capital incentive process and lots of work and manpower.
• The customer acquisition cost is very high.
• Customer acquisition depends on intermediaries.
• The cost of cross-border payments is quite high.
• The payments process takes a signature margin and a long time.

TriipMiles Solution for Travel Industry

There are several solutions provided by TriipMiles for the travel industry issues currently facing. These solutions include:

Aligning Incentives

• Travel token TriipMiles P2P will be used by all interested parties such as: Locals, travelers, promoters, reviewers and hotel owners. Reward tokens that can be used for activities within the TriipMiles platform.

Increase Revenue by Lowering Transaction Fees

• Transaction fees that will be charged very cheaply and will increase more income for you. Foreign transaction fees will not be found on this TriipMiles platform, without conversion currency. Can save money for guests and hotel owners.

Decentralized and Automatic Without High Cost

• TriipMiles is already decentralized and automated with the tour and accommodation quality which is sufficient and will then be published on the original P2P protocol. This will eliminate centralized system intervention.

Majority of Travel Industry Power

• In the picture below you can see the majority of power in the travel industry is controlled by several companies that have a lot of data.

Platform Components

Triip Platform is a regular web application that runs on the cloud. It maintains the database of creators, customers, tour information and other information necessary for booking a triip. These data are considered “off-chain” data.

The platform facilitates creation and execution of Smart Contract on Ethereum network between all parties involved including Triip itself.

Once the Contract or DApp is deployed “on-chain” to Ethereum network, the terms and conditions of fulfilment are public and cannot be modified. Triip platform provides Graphical User Interface to allow all parties to interact appropriately with the contracts via ReactJS & Web3.

When all conditions are met, the Contract sends fund it holds to receivers, and trigger blockchain events, for Triip platform to handle miscellaneous following up actions such as email notification and feedback collection.

The following diagram illustrates simplified architecture components of Triip platform:

WHY BLOCKCHAIN IN TRAVEL?

Travel is one of the world’s oldest and longest-lasting industries. As long as there are human beings, there is travel.

Dipping only during times of global economic hardship, the number of international tourist arrivals has increased steadily almost every year. Numbers have more than doubled, with an estimated 1.24 billion arrivals expected in 2016. By 2030, international tourist arrivals are expected to exceed 1.8 billion

Travel and tourism contributed a total of 7.61 trillion US dollars to the global economy in 2016. With a statistic of 1.235 billion global visitors in 2016, 30% are booking tours for their vacation on their own while 70% are using group tours. These target customers are spending US$145 BN on tour bookings per year.

Online tour & attraction gross bookings will more than double from 2015 to 2020, growing from 11% in 2016 to 21% in 2020.

The focus language of current global tourism is in English. Local experts and travellers expected to see expanding of the platform into German, French, Spanish, Chinese, Japanese, and Korean.

However, the blockchain in travel is under-invested. In 2017, there was only US$ 259,000 was invested in travel ICO. But that number is changing in 2018.

STRATEGIC PARTNERSHIPS

Triip feels blessed to work with many huge and heart-full organizations around the world

Exclusive Partnerships

Bhutan Airlines, Rainbow Tours and Treks Bhutan

Global Partnerships

Booking.com, Amadeus Next, Pacific Asia Travel Association, UNWTO, Development Bank of Singapore

Token info

Token TIIM
Platform Ethereum
Type ERC20

PreICO price 1 ETH = 8,800 TIIM
Price in ICO 1 ETH = 8,800 TIIM

BONUS
Up to 30% bonus for pre-ICO.
Tokens for sale 165,000,000

Investment info

Accepting ETH
Distributed in ICO 33%

Soft cap 2,500 ETH
Hard cap 18,750 ETH

Roadmap

2018
Q2
● White paper release
● Complete ICO website for private & public sales
● Private sale
● Adding global partnerships
Q3
● Public sale
● Re-architect and streamline internal systems
● Launch Global Travel Entrepreneur Challenge 2018
Q4
● TriipMe supports payment and payout in TRIIPMILES
● Recruit city managers in 20 cities
● Launch Universal Travel Scoring system
● Integrating airport-pickups and car bookings in Asia

2019
Q1
● Listing on additional exchanges
● Expansion of UTS to more partners
● Launch Global Sustainable Award for hotels and tours
Q2
● Launch decentralized approval and arbitration system
● Launch P2P referral system
Q3
● Launch Global Travel Entrepreneur Challenge 2019
● Leverage machine learning capabilities

2020
● Launch Triip’s tour operator and hotel management software
● Launch Global Travel Entrepreneur Challenge 2020

Team

Advisors

FOR MORE INFORMATION PLEASE VISIT THE LINK BELOW:

Website: https://ico.triip.me/
Whitepaper: https://ico.triip.me/TriipMiles-Whitepaper-en.pdf?v=2.1
ANN Thread: https://bitcointalk.org/index.php?topic=3210593.0

Author

Forum Username : andal02
Forum Profile link : https://bitcointalk.org/index.php?action=profile;u=1566211
wallet address 0x0e73B7eB5a98731e25fcCf33919cED46a7aE0e50