As a consortium of avid travelers, industry experts and academics, we’ve noticed that not only online travel bookings but also associated costs are rising. Especially costs that are primarily driven by increased fees for intermediary services. Those intermediary services lead to unnecessary complexity and non-transparent data treatment for both, consumers and providers. Our goal is to omit those intermediary services, as well as to decrease costs and increase data transparency and security.
Our mission is to bring together the leading travel and tourism companies, universities, and the open-source community to create a shared technical and economic infrastructure. The new infrastructure will represent a simplified standard that not only minimizes costs for customers but also maximizes profits for providers. Moreover, the infrastructure will not be limited to the travel sector but open for all.
With the TLT we strive to create a secure payment method that is not limited by national borders. It serves as a bridge between the real world and the blockchain. It will be provided and accepted by the members and affiliates of the foundation and will be traded on established online exchanges. Special credit cards will help you to manage and pay directly with the TravelerToken.
They also allow you to withdraw local currency from your TLT balance immediately. TLT uses a hybrid-ledger system to organize its tokens, using cutting edge distributed ledger technology and a modern storage system. As the system evolves and transforms into a consortium, we will use a permissioned blockchain that will enable smart contract integration for associated platforms along with distributed application support.