FURTHER NETWORK: BEST AUTONOMOUS SMART TRAVEL ECOSYSTEM

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 will 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.

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.

With the value of online travel bookings estimated to hit $837 billion in 2017, it’s a good time to be an online travel agency (OTA). That does not mean, however, that claiming a stake of this huge market is easy. In fact, the challenges facing an OTA with international ambitions are numerous. Travel agents, bookers and consumers alike should start reconsidering their payments options when booking travel products like flights, trains and accommodation.

Users of traditional credit and debit cards in the travel industry can hit a number of niggling pain points: high charges levied on transactions; difficulties in reconciling large volumes of orders with those transactions; and problems triggering anti-fraud mechanisms at merchants.

If you are an ambitious online travel agent, you’ll need a payment platform that eliminates these barriers. This is where Further Network comes in. Further Network solution was designed to suit your needs specifically.

Further Network is a London-based smart travel platform provider on blockchain aiming to shift the paradigm of an entire business model with a Customizable Airline Ticket, Smart Travel Record, Peer2Peer Real Time Settlement and Payments, and more.

It provides a second-hand market and also introduces new functionalities for hotel reservation and customization and the transfer of airline tickets. The network has provided a new peer-to-peer airline and travel network that allows settling and paying every provider in real time through the network’s own currency ATON.

Travelling triggers multiple transactions between agencies, hotels, airlines, and affiliate service providers. There is lot of data and value transactions for reservations that cost a lot of time and money. Travel agencies, airlines, and hotels need to maintain an ongoing settlement process to reconcile and settle these transactions. The Billing Settlement Payment (BSP) process is a painful one and prone to errors. Further Network will disrupt this centralized models with innovative decentralized governance model that facilitates liberalization for the travel industry.

As far as the second and third parts are concerned, they are dominated by legacy systems where transaction costs and settlement issues are passed on as costs to the travelers. Some companies use direct distribution but most of them are stuck in their network islands where inter portability and exchange of data becomes a real challenge. the Future Network will solve the problem by facilitates peer-to-peer, real-time settlement and payment within the travel agency ecosystem with the use of its own digital currency within its Universal Decentralized Billing Settlement Payment Platform, .

The company envisions a future where travel tickets are customizable, autonomous, and interactive. This can be realized by redefining the layers to automate various tasks and institutions of the ecosystem.

The company will issuing two types of token, namely STR and ATON. The STR or Smart Travel Record is the smart token the company uses with their technology. It is made up of all the data and flight information for hotels, reservations and other travel related products.

STR is designed to help you solve any issues of settlement and payment using the Aton digital currency. STR would also bring more structured data as well as useful automation and stability for users and vendors. And with the contracts, you can set each contract up to follow specific rules.

Aton is designed to be a new travel currency, one that is designed to improve the travel ecosystem and platform this will all be running on. Any transactions will be kept in the selected currency as well as Aton. This will allow the system to easily calculate transactions and set balances that are different from the currencies used by issuers or purchasers.

STR will hold the desired currency as well as Aton value. And the platform will the be used to calculate any settlements needed in real time.

Additionally, the Further Network ATON Pre-ICO has been launch on July 29th, 2018 and will last until September 9th, 2018. While The ATON ICO is set to launch from 9th, 2018 to October 7th, 2018.

Parameters of ICO:

Token Ticker: ATON

Platform: Hyperledger Fabric

Type: Stellar

Total Token Supply: 7,000,000,000 ATON

Token for Sale: 4,200,000,000 ATON

Acceptable currencies: XLM, BTC, ETH, BCH, DASH, LTC, USD

Token price: 1 ATON = 0.02 USD

Soft cap: 1,000,000 USD

Hard cap: 12,500,000 USD

Registration Country: United Kingdom

Restricted Areas: USA, China