Topic: [ANN] FURTHER NETWORK – Autonomous Smart Travel Ecosystem - page 18. (Read 4108 times)

Here comes a game changer. Follow this one closely.

This is a serious project!! I believe the further network will be great in 2018. Further network has a excellent solution to the billing, settlement and payment problem of the travel industry. Good luck!

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Further Network is an innovative technology company building a Blockchain based Peer-2-Peer network to help Airlines, Agencies, Hotel Wholesalers and travel product issuers alike to solve the Billing, Settlement, and Payment (BSP) issues while removing the middle-man and completing BSP in real-time using Smart Travel Record (STR) and Aton.

Our vision
We aim to revolutionize the processes of travelling on B2B level so it could have a positive impact on day to day lives of all travellers.
Further’s disruption starts with Autonomous Smart Travel Ecosystem where any asset provider from small to large, Airline to Hotel or Tour Provider would be able to create their own assets, create their own modifiable services and publish them using their own smart contract and get real time payment throughout the system using Blockchain and cryptocurrencies.

We begin with tokenization of current assets from proprietary systems and for easy settlement and payment and continue with identity sharing and ultimately achieving a fully integrated set of systems with Blockchain which will directly tokenize the assets without any midware.

Problem
Travel is one of the biggest industries in the world with a global economic contribution of 7 trillion U.S. dollars in 2016. But the process of customer booking is based on the rules that were set more than 40 years ago. Even with the arrival of e-commerce, the standards didn't change to reflect the needs of a digital-era consumer. This is why you are having a badly designed experience with not many options to suit your needs when you travel.

Solution
Our Blockchain-based technology enables a faster and customizable ticketing and travel experience. We aim to help Airlines, Agencies, Hotel Wholesalers and travel product issuers alike to solve the Billing, Settlement, and Payment issues while removing the middle-man and completing BSP in real-time.

The ticket should be more than just a manifest of flight information. It must be customizable or even personalizable for traveler’s needs and preferences. With Further Network's unique technologies travellers will be able to change, sell, add options and customize their tickets. Moreover it will not be a simple ticket anymore but Smart Travel Record, a Further Network technology.

How it works?
STR, Smart Travel Record; a smart token, unique Further Network technology consisting of necessary data for flight, hotel or any other reservation or any other travel product. STR will help solve the issues of settlement and payment using Aton, our digital currency. STR would also bring more structured data and automation to the operational usability for vendors to offer their travellers specific rule sets.

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Our token is called Aton and it is based on Stellar. Aton will be issued as 7.000.000.000 Stellar token and will not be issued again to increase amount by any central party included Further Network. We have 3 different use case for Aton in Further Network Ecosystem.

• Settlement Currency
  Reconciliation and payment are two main problems for the industry. If the institutions only want to use the system for settlement, they can still use STR and other system tools. However, if the institutions want to complete the payment process, they will be able to pay with Aton in real-time.
• Payment Currency
  Any end-user who uses our wallet will be able to buy tickets or make reservations within our network from any available product issuers. (Airlines, Travel Agencies, Hotels, etc.)
• Transaction Currency
  Aton will be used like the gas price in Stellar to compensate for the transaction cost occuring on the network. It will be collected by Further Network for maintenance and other costs of the network.

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Core Team

Co-founder & CEO - Kadir Ozgur Oguz
Co-founder & CTO - Erdem Uney
Co-founder & CIO - Gokhan Koc
Co-founder & CCO - Cem Ersozlu
Co-founder & Business Development Manager - Eser Sevim
Airline Analyst - Gokhan Isci
Lead Backend Developer - Mehmet Duran
CMO - Alper Turktas
Research Team Lead - Cagdas Tatlici
Community Manager - Armagan Can Ercan

Advisors

Consultancy - Kyle Wang - IBM
Travel Tech - Joakim Everstin - Sabre
ICO - Anuj R. Khanna - Peak State
Finance & Trade - Kaan Sariaydin - Morgan Stanley
IT Audit - Erol Lengerli - IBM & KPMG
Airline Quality - Brenda Anichini - Kenya Airlines
Ground Service Providers - Maurizio Anichini - IATA
Corporate Governance - Prof. Dr. Guner Gursoy - Okan University
Legal & Law - Tuna Cakirca - Chadbourne & Parke - Kinstellar and White & Case
Entrepreneurship - Mete Varas - Reidin & Zingat
Finance - Zafer Sonmez - Khazanah & Sabiha Gokcen

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Official Website: https://further.network
Whitepaper: https://further.network/whitepaper/whitepaper-latest-en.pdf
Telegram chat group: https://t.me/FurtherNetwork
Telegram announcement channel: https://t.me/FurtherNetworkANN
Facebook: https://www.facebook.com/furthernetwork/
Twitter: https://twitter.com/FurtherNetwork
LinkedIn: https://www.linkedin.com/company/furthernetwork/