TrustaBit

- Maret 14, 2018

TrustaBit is an advanced software solution that will give airlines the opportunity to automatically issue coupons to passengers when their flights are cancelled or delayed. The total passenger rights market is estimated at $3.3 billion per year. Since 2013, AirHelp has raised $85 million in total compensation for passengers who have delayed flights. AirHelp acts as an intermediary; passengers provide flight information to AirHelp, who then work directly with the airline to obtain compensation on behalf of the customer. To date, 1.3 million passengers have used this service and paid for AirHelp at a cost of 25% of the amount collected. These figures show that passengers are prepared to pay more for a reliable digital service that will give them what they owe.

In Europe, they have founded EU261, which states that airlines have flights to pay compensation to passengers in the range of $261-$666 depending on time and distance of flight. In the United States there is no special law to help delay flights, unless you have an international flight schedule, then the Montreal Convention will apply. To date, a total of 1.3 million passengers have used this service and paid for AirHelp at a cost of 25% of the amount collected. This figure shows that passengers are willing to pay more for this type of service that will give them what they need.

Project Vision

The main problem is that many people do not understand that customer loyalty does not depend on price, but on the quality of service and services provided. For the moment, when the passenger's flight is delayed, he needs to go through a very long and thorny one to get a voucher for a delay. In this case, the passenger must complete a special written form or explain to the dispatcher exactly what happened to him/her. You will be offered to receive your coupon by email, which adds a waiting time for the passenger. As a result, at the end of the entire operation, passenger loyalty is reduced to a minimum, allowing competitors to enter this area and propose a solution to this problem.

The solution to this problem is to use paid passenger software on the smartphone. The principle of operation and sending vouchers is as follows: when the cancellation or delay of a flight, the passenger will not have something to fill or call somewhere, the voucher will be automatically filled for you all the necessary information through blokchain technology. This significantly increases the loyalty of passengers of any airline.

Characteristics

Confidence: Your customers will begin to believe that your business will improve things quickly, easily and securely.

Smart contract: By using a smart contract based on a chain of blocks, the cost is reduced, if not eliminated altogether.

Secure: TrustaBit uses a chain of personal blocks where all participants know that the auditor can detect and track transactions.

What Makes Them Different?

The big difference is who can participate in the network and who is the consensus protocol. In a public blockade, anyone can participate and use a digital signature. These are enormous drawbacks for a company that wants to implement a blocking solution in its environment. A private network of blockers is required to send an invitation to all network members to let the network know who performs the consensus protocol and who has a copy of the digital signature. This platform was developed by IBM in conjunction with Linux. The Hyperledger platform performs a reliable role and provides transparency. That's why TrustaBit implements this technology in its software.

About the Token and ICO

Symbol symbol: TAB

Standard: ERC-223

Pre-sale period: from 05 February to 12 February

Presale token price: $ 0.05 USD (5 cents)

Period of the main sale: from February 14 to March 15

Main token price: $ 0.10 USD (10 cents)

Initial investor token price: $ 0.025 USD

Minimum contribution: 1 ETH

Date tokens are issued two weeks after the sale of the main token

Soft Cap: $3 million dollars

Hard Cap: $49 million dollars