Geoffrey Lipman, President of the International Coalition of Tourism Partner (ICTP) and Co-founder of SUNx – Strong Universal Network, today while speaking declared a new program and research that would help to advance application of the blockchain for travel and tourism. He also disclosed that TraNexus, an Irish company, has put in place steps for an ICO (Initial Coin Offering) that targets on travelers and helps in developing their trips along with supporting transformation of the travel and tourism sector by creating a blockchain infrastructure that highlights travel ease and sustainability.
Lipman explained that Blockchain technology was extensively recognized from early years. However, he was fast to underline that as it develops, it has an ability to create solutions in search, booking, border entry, ticketing, service provision, secure payment, sustainability performance, along with a wide variety in terms of marketing and product delivery functions. This extends from the products into the linked services, supply chains and infrastructure.
To quote him, “By developing such a traveler-focused chain and related crypto-currency we aim to help make future trips easier, better value, greener and more fun. I am particularly pleased that we will build sustainability in at the core, with a strong focus on Climate Response, and its existential challenge.”
Led by Lipman, with previous roles at the UN World Tourism Organization (UNWTO), the World Travel & Tourism Council (WTTC) and the International Air Transport Association, TraNexus staff, board and advisors bring expertise from airlines, hospitality, government, NTOs, the green sector, tech and payments.
At TraNexus website – tranexus.com, presale offers can be found and are subject to all relevant regulatory and legal provisions. The ICO is scheduled to commence on June 4, 2018.
Source: Travel and Tour World