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TrustaBit

Blockchain technology with smart contracts to issue vouchers automatically to passengers when flights are delayed

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Overview

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Token sale opening date

14. Feb 2018

3 months ago

Token sale closing date

14. Mar 2018

2 months ago

Concept

TrustaBit is a state of the art software solution that will give airlines the opportunity to automatically issue vouchers to passengers when their flights are canceled or delayed. The total passenger rights market is estimated to be $3.3 billion annually. Since 2013, only $85 million in total compensation from passengers who have had their flights delayed has been collected through a middleman service Airhelp. The passenger provides information about their flight to this company, who then works directly with the airline to get compensation on the customer’s behalf. To date, a total of 1.3 million passengers have used this service and they have paid a fee of 25% of the total amount collected. These numbers show that passengers are willing to pay extra for a trustworthy digital service that will give them what they are owed. Airlines can increase its return on investment for passenger compensation by directly offering their customers a more efficient and convenient way to receive their vouchers. TrustaBit’s smart contracts will allow airlines customer service agents to focus more on “the tricky situations” while leaving the mundane and repetitive work to TrustaBit’s system. Long waiting times, subpar customer service and excessive administrative procedures are among the current pain points for passengers who attempt to collect vouchers directly from an airline. When carriers implement Trustabit’s blockchain solution they can increase customer loyalty and take advantage of this new market segment.

Articles and research

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Team

Members

Saritta Hines - Founder/CEO

Blair White - Chief Sales Officer

Woody Means - CTO

Jaymes Hines - Chief Opportunity Officer

Kelvin Ndereba - Blockchain Developer

Sheletha Drew - Senior corporate tax analyst

Samuel Dare - Lead hyperleger developer

JaMarr Johnson - Director of Marketing

Landon Williams - UX/UI Designer

Hakar Sulaiman - Creative Design Engineer

Country of origin USA

Technology

Blockchain Ethereum (What is blockchain?)

Github

Github commit activity 30d
Starred by 1
Watchings 8
Contributors 34
Forks 2
Commits 3478
Open issues None

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