What is Travala? – Travala is a hotel and accommodation booking platform, covering over 500,000 properties worldwide. What should differentiate it from its global competitors like Booking.com is its drive to become a “next generation online travel agency” focused on cryptocurrency technology and the community built around it. With this in mind, the Travala team began implementing blockchain technology to help the travel industry cut costs, make travel packages cheaper, create a secure payment platform, and provide transparent asset management.
At the heart of this system is the Travala Token (AVA), which helps the platform offer tokenized incentives to its customers and any other users who can help the platform grow. This is usually done by providing property reviews and accommodation services and creating related content, as well as attracting other customers to the platform. AVA tokens are also available for savings programs and the rewards offered by the platform are proportional to the size of bets in users’ wallets. In addition to the AVA, users of the platform can choose any of the 40 supported cryptocurrencies to pay for their travel, including Bitcoin, Litecoin, Zcash, BNB, Dogecoin, and others.
Travala (formerly known as Concierge) launched in July 2018, following its initial offering of parts in April 2018, during which it was touted as a travel system that seeks to harness the power of the blockchain. The effort raised approximately $ 2.6 million, providing a solid foundation for expanding the platform to more than 200 countries. Key personnel behind the project include Steve Hipwell, Travala’s founder and COO, and Matthew Lopez, its CIO, CFO and co-founder, as well as numerous consultants with experience in the travel and blockchain industry.
The Travala project was initially launched with the aim of correcting some of the perceived shortcomings of existing travel platforms available around the world, including:
The Travala team plans to develop their project around the idea of the user’s trip, starting with the planning and organization of the trip and ending with the obtaining of the AVA tokens:
The Travala platform is based on three main levels that form the heart of its ecosystem:
Travala’s Consent Level mainly manages the underlying records on the Travala platform. Since this layer is based on the NEO blockchain foundation, it also uses the dBFT (Delegated Byzantine Fault Tolerance) protocol that combines the functionality of the Delegated Proof-of-Stake system .
The Travala team promotes this system as being able to process around 1,000 transactions per second, with plans to increase its scalability to around 100,000 tx / s over the next few years. This layer serves as a repository for government documents containing essential information relating to key stakeholders in the platform economy. Again, proxy smart contracts are used to track states related to monetary operations and data management. Examples include tracking users’ token balances and their defined commitments under smart contracts. Based on this, the platform is able to verify the reputation of individual users and confirm it as trustworthy.
Founded in 2017, Travala.com has grown from a small startup to the world’s leading blockchain-based travel booking platform, recognized by thousands of customers around the world as its favorite online travel agency.
At Travala.com, they connect travelers to one of the world’s largest selections of great places to stay, including everything from
hotels, apartments, villas and inns to 5 star luxury resorts. The Travala.com platform currently offers more than 2,200,000 properties covering 90,124 destinations in 230 countries and territories and with prices up to 40% cheaper than conventional travel booking platforms.
They have managed to create a frictionless travel booking experience that incorporates next-generation blockchain technology and token incentives. By introducing a cutting-edge user experience and more traditional cryptocurrencies and payment options along with the benefits of our proprietary AVA cryptocurrency, our customers know they are booking with a platform of the future with transparent pricing backed by our Best Price Guarantee.
Mining on RTX 3070. Overclocking, tuning, profitability, consumption: If you are interested in finding more…
Mining with GTX 1660, 1660 Ti, 1660 Super. Overclocking, settings, consumption, profitability, comparisons - If…
Mining with RTX 2070 and 2070 Super. Overclocking, profitability, consumption, comparison What the RTX 2070…
Mining with RTX 3060, 3060 Ti. Limitations, overclocking, settings, consumption, profitability, comparison Let's look at…
Alphacool Eisblock Aurora Acryl GPX-A (2022) with Sapphire Radeon RX 6950 XT Nitro+ Pure in…
In the ever-evolving landscape of business strategy, Bitcoin has emerged as a pivotal asset. With…
This website uses cookies.