Further Network: Autonomous Smart Travel Ecosystem

With the value of online travel bookings estimated to hit $837 billion in 2017, it’s a good time to be an online travel agency (OTA). That does not mean, however, that claiming a stake of this huge market is easy. In fact, the challenges facing an OTA with international ambitions are numerous. Travel agents, bookers and consumers alike should start reconsidering their payments options when booking travel products like flights, trains and accommodation.

Users of traditional credit and debit cards in the travel industry can hit a number of niggling pain points: high charges levied on transactions; difficulties in reconciling large volumes of orders with those transactions; and problems triggering anti-fraud mechanisms at merchants.

If you are an ambitious online travel agent, you’ll need a payment platform that eliminates these barriers. This is where Further Network comes in. Further Network solution was designed to suit your needs specifically.

Further Network is a London-based smart travel platform provider on blockchain aiming to shift the paradigm of an entire business model with a Customizable Airline Ticket, Smart Travel Record, Peer2Peer Real Time Settlement and Payments, and more. 

It provides a second-hand market and also introduces new functionalities for hotel reservation and customization and the transfer of airline tickets. The network has provided a new peer-to-peer airline and travel network that allows settling and paying every provider in real time through the network’s own currency ATON. 

Travelling triggers multiple transactions between agencies, hotels, airlines, and affiliate service providers. There is lot of data and value transactions for reservations that cost a lot of time and money. Travel agencies, airlines, and hotels need to maintain an ongoing settlement process to reconcile and settle these transactions. The Billing Settlement Payment (BSP) process is a painful one and prone to errors. Further Network will disrupt this centralized models with innovative decentralized governance model that facilitates liberalization for the travel industry.

As far as the second and third parts are concerned, they are dominated by legacy systems where transaction costs and settlement issues are passed on as costs to the travelers. Some companies use direct distribution but most of them are stuck in their network islands where inter portability and exchange of data becomes a real challenge. the Future Network will solve the problem by facilitates peer-to-peer, real-time settlement and payment within the travel agency ecosystem with the use of its own digital currency within its Universal Decentralized Billing Settlement Payment Platform, .

The company envisions a future where travel tickets are customizable, autonomous, and interactive. This can be realized by redefining the layers to automate various tasks and institutions of the ecosystem.

The company will issuing two types of token, namely STR and ATON. The STR or Smart Travel Record is the smart token the company uses with their technology. It is made up of all the data and flight information for hotels, reservations and other travel related products.

STR is designed to help you solve any issues of settlement and payment using the Aton digital currency. STR would also bring more structured data as well as useful automation and stability for users and vendors. And with the contracts, you can set each contract up to follow specific rules.

Aton is designed to be a new travel currency, one that is designed to improve the travel ecosystem and platform this will all be running on. Any transactions will be kept in the selected currency as well as Aton. This will allow the system to easily calculate transactions and set balances that are different from the currencies used by issuers or purchasers.

STR will hold the desired currency as well as Aton value. And the platform will the be used to calculate any settlements needed in real time.

Additionally, the Further Network ATON Pre-ICO has been launch on July 29th, 2018 and will last until September 9th, 2018. While The ATON ICO is set to launch from 9th, 2018 to October 7th, 2018.

Parameters of ICO:

Token Ticker: ATON

Platform: Hyperledger Fabric

Type: Stellar

Total Token Supply: 7,000,000,000 ATON

Token for Sale: 4,200,000,000 ATON

Acceptable currencies: XLM, BTC, ETH, BCH, DASH, LTC, USD

Token price: 1 ATON = 0.02 USD

Soft cap: 1,000,000 USD

Hard cap: 12,500,000 USD

Registration Country: United Kingdom

Restricted Areas: USA, China

Website: HERE

Whitepaper: HERE

Token Distribution:

The Further Network Team

Author Username: Tpq01349

Stellar Wallet Address:  GBJPNAQRKZHEFOESDWDSAPAN3HUMRLX6WJU3YZC4UNULDUEJDHYUCRE5

AVATARA: DIGITALLY TRAVELING EXPERIENCES

Traveling to another country is not cheap, especially, through air travel. There's a misconception that the cost of jet fuel is what makes air travel so expensive. But, while jets do require 1.5 gallons of fuel for a mile travel, that cost gets broken down between passengers so much that it only accounts for a small percentage of each traveler's ticket price. In fact, planes have an excellent per-person fuel efficiency of 104.7 miles per gallon. So why the high prices for a plane ticket? It's a collection of miscellaneous fees and taxes, including pilots' salaries, crew costs, airplane maintenance, airplane cost, airport fees, airline cost of running business, airplane insurance, and more.

Another common problem of traveling is there are too many tourism board where there is a dearth of skilled labor. Tourism needs people who are both inspired and well trained. Yet, there is too few people in the tourism industry speak multiple languages. This lack of knowledge creates not only numerous financial losses but also creates lost opportunities and the inability to adapt to new challenges.

Travelling is always related to such problems as insufficient money or communication barriers and cultural differences in foreign countries. Introduces you to a project that aimed to solve those problems by providing comparatively cheap travel service with professional interpreters, namely Avatara.

Avatara is a blockchain-based platform for remote travelling. You can visit different countries and find out a lot about its cultures without leaving your home. Avatara provides opportunities for low and middle-income earners by making it easy for them to virtually travel around the world. 

Technically, Avatara is a person with camera or video glasses who has working for its users for $5-50 per hour, a person who is located in users' desired point. Avatara is broadcasting video using Skype and transfer it to the users. The platform will allow the users a personal virtual presence anywhere in the world without any cultural barriers or restrictions. It will also have mobile communication services that will enable its users to have a full-scale video broadcasting through the internet, once they registers on the platform. 

In case the User does not communicate the same language as Avatara, he/she can connect to a professional  interpreter to the communication channel. The blockchain technology will ensure that the communication between the users, Avatara person, and interpreter is secure.

Users can use Avatara services after they purchased VTR token. The tokens will have a smart contract, which ensure that every party in the transaction fulfills their obligations and therefore avoid conflicts. The smart contracts also will help the token holders to transacts with the tokens or exchange them in a transparent way therefore preventing frauds.

According to its functionality, the platform will be able to give big impact for numerous fields, Include in:

• News/Media Channel: A media reporter, through Avatara person, can instantly appear on an exclusive situation and make an interviews with people from different sides with no worry about language barrier and create the best television reportage for his/her TV news channel.
• Education: User can instantly attend a lecture on any favorite university or invite a teacher from another country to a classroom (the student will be an Avatara person for the teacher) .
• Shopping: User can buy any trademark item from certain country, through his/her Avatara, and ask the Avatara to mail it later.
• Entertainment: Through Avatara, anyone can visit any entertainment in the world.
• Social: The social role of Avatara person is new opportunities for people with disabilities. Disabled people who chained to home will be able to solve their problems and tasks through Avatara person and travel around the world.

For more information about Avatara, you can visit it online at https://avatara.world/, or read the project whitepaper available at https://avatara.world/ico#documents

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