Thank you for your reply! I will think about these ideas.
My main concern is how to create value in a token system.
How do investors get value for their investment and how to tokens maintain a value?
How to keep the value at a level that is acceptable to the customers of the token (Airlines) so they will use it.
I've thought of burning each token when it is used.
Allowing partial token usage, so they can use a percentage of the token for each transaction.
A few other ideas...
I'm very interested in this topic and would like to know what other think about it.
TIA
Topic: How would you make money from this project? (Read 324 times)
It depends on how this token will be used. They could use the token for flight bookings, where the ticket are linked to the Blockchain and the passenger just need to scan a QR code on arrival. < Ticket less flights > So you only need to provide identification and all transactions are logged on the Blockchain.
They could also store baggage information, or manage Airline Miles for passengers and the Aircraft repairs and parts can be logged on the Blockchain.
There are endless opportunities with this technology. ^smile^
They could also store baggage information, or manage Airline Miles for passengers and the Aircraft repairs and parts can be logged on the Blockchain.
There are endless opportunities with this technology. ^smile^
Hi All,
I have an idea for a token that will be used by the global aviation industry. This industry is increasing in volume on a yearly basis. i.e. In 2014 there were 37.4 million flights 2.7% more than 2013.
The question is how to structure this token's blockchain to provide value to investors and the companies that will use the token?
If I look at this from the airline's perspective, they would want a constant price for a token, something affordable. So they can use the token in business and not pay to high a premium.
If I look at it from an investor's point of view, they will be investing money and want a return. Miners will want some return of value for their efforts.
At this time I'm not sure if the tokens will be burnt after the first use or if there is some other mechanism to reuse a token.
I'm interested to know what you all think and how you would balance the need for a stable price on a token with the need to return value to investors and miners.
TIA
I have an idea for a token that will be used by the global aviation industry. This industry is increasing in volume on a yearly basis. i.e. In 2014 there were 37.4 million flights 2.7% more than 2013.
The question is how to structure this token's blockchain to provide value to investors and the companies that will use the token?
If I look at this from the airline's perspective, they would want a constant price for a token, something affordable. So they can use the token in business and not pay to high a premium.
If I look at it from an investor's point of view, they will be investing money and want a return. Miners will want some return of value for their efforts.
At this time I'm not sure if the tokens will be burnt after the first use or if there is some other mechanism to reuse a token.
I'm interested to know what you all think and how you would balance the need for a stable price on a token with the need to return value to investors and miners.
TIA
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