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- Travel Industry too is to be shake-up
Ethereum Travel Token Applications based on Ethereum ERC20 blockchain technology in conjunction with Federation Protocols (SAML 2.0, OAuth, WS-FED) across multiple use cases
Ability to Manage/Book Travel Reservations Using Ethereum Travel (ETHTT) Token Mobile Application
A) Users open their their ETHTT Travel APP to manage or book travel reservations for airline, hotels or car rental.
B) Users can securely access their account information via ETH mobile wallet application or the portal application located in the secure element.
C) Upon successful authentication, the secure element accesses the user account information, encrypts it and passes it on to the mobile network operator (MNO), over the blockchain network.
D) The MNO, using secure federation technology protocols (SAML 2.0) transfers the encrypted data to the trusted service manager (TSM) in the form of blocks.
E) The TSM decrypts the data and passes it on to the Airlines, Hotels or Car Rental Industries- service providers or vendors.
F) The Airlines or Hotels/ Car Rental settles the transaction against the user's ETH Travel account. The ETH travel releases the tokens and sends back to the user's phone through the same mechanism above
Ethereum Travel (ETHTT) Token APIs which will be used to build for integration with consumer facing applications (Airlines, Hotels and Car Rental)
Why should Travel industry domains excited about Ethereum Travel Token ?
Ethereum Travel Tokens (ETHTT) potential stems from a set of characteristic attributes
Decentralized
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