TripBit: A decentralized platform for Travel, Event and Hotel Industry

Blockchain is the most disruptive technology of recent times and it is transforming numerous industries and business model into a decentralized, transparent and economical systems. TripBit is a blockchain application which aims to facilitate travel, event and hotel industry buy offering all their services collectively on a single platform. The idea is to ease up the travelers and at the same time benefiting the service providers. This mutually benefited system ensures that the participants get an economical and efficient solutions of their needs.

Let’s be more specific about TripBit and discuss what it actually offers to its users. Travelers can book their flights, rooms and trips with ease, economy and in a timely manner. The biggest ease is that the users don’t have to navigate plethora of websites to find appropriate deals for flight-booking, hotel reservations and trips. It also provides an opportunity of selling the ticket if someone have changed his/her plan after buying a ticket for any reason. It’s a peer-to-peer marketplace where everyone is connected to everyone for mutual benefits.

The essence of this ecosystem is that it does not restrict the users for carrying out multiple activities. Beside the primary activity of getting and selling tickets it also offers them to turn this activity into a business. You can buy tickets merely for the business purpose and sell them on the platform to get profit.

Lets explore some prominent benefits of the platform below:

It’s a decentralized system with a distributed ledger which enables the stakeholders to get a real-time scenario of booking details. The efficient blockchain technology eliminates the chances of double-booking hence helping people and entities to avoid the time wasting scenarios. By avoiding double-booking you also avoid double-spending and your valuable time and dedicated efforts.

Travel industry is a $7.6 trillion worth which shows the number of travelers fueling this industry. Most of the travelers come for visiting and recreational purposes and the TripBit ecosystem provides them the opportunity to select the best deal from several service providers so that they could make a feasible choice. So you will be having multiple options against travelling form Destination A to Destination B.

Because it is a marketplace and everyone one is in competition with everyone else, they offer lowest prices to get business. The reason for the lower fees is the blockchain technology which eliminated the need of intermediaries thus discarding their commission fees which would add up to the cost otherwise.

As we know that blockchain technology is known for its immutable nature where no records could be tempered and undone. Similarly it also provides you a privacy and restricts un-authorized access to your personal information.

This program also has a decentralized app which aims to develop a peer-to-peer marketplace where everyone is connected to everyone. This app offers more services than the main TripBit platform where users can avail car-rental services and other necessary services associated with these industries.