$ 0.046 6.62%
Winding Tree (LIF) Rank 3743
| Mkt.Cap | $ 0.00000000 | Volume 24H | 0.00000000LIF |
| Market share | 0% | Total Supply | 24.98 MLIF |
| Proof type | N/A | Open | $ 0.04 |
| Low | $ 0.04 | High | $ 0.05 |
Winding Tree ICO
This is why we have decided to use distributed storage solutions for prices, availability and content. This will allow us move gradually from off-chain to on-chain distribution when the network is ready to process the amount of transactions that we need.
For a travel blockchain upstart, it has a long road ahead of it. Webjet is collaborating with Microsoft Azure’s blockchain capabilities to create a private blockchain based on Ethereum. Sabre is investigating the travel blockchain. What if most of the travel inventory data is publicly available? Endless apps could be built on such a blockchain.
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In fact, Winding Tree is deployed on the Ethereum blockchain. Think of it as a layer on top of a developed blockchain.
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Second, our partners have promised to give us access to their inventory. Nordic Choice is already testing our smart contracts. Third, they provide us with their expertise. Air New Zealand has provided us developers to collaborate with us.
Winding Tree is about to launch their ICO on the 1st of February and the way they are going about things is quite a bit different most current ICO’s. They have adopted some recommended ICO changes by Vitalik Buterin and will be implementing a Market Validation Mechanism. Please follow the link for a more in depth explanation. Our library and API will do exactly that.
Air France-KLM partners with Winding Tree to strengthen innovation in the travel industry using Blockchain technology
So it’s probably unfeasible to poll all the time for all of the data documents you are interested in. Imagine that an online travel agency would be constantly checking on thousands of hotels. So we are publishing what we think will work for a lot of hotels. But we encourage you to give us as much feedback as possible to improve the current state.
API written in node.js to interact with the Winding Tree platform. Technological barrier to entry for market participants, ie Travel Agencies who would have to develop a customer facing interface that utilised the Winding Tree network.
Full Information: WT Hotel Architecture in Github
We are also considering having multiple data links to different kinds of data. Maybe IPFS is a better storage for availability data while Zeronet deals better with hotel images. We are still figuring the details and implementing the first version of this right now. I think it’s safe to say that every considered storage provides cheaper data storage than blockchain.
We plan to have workshops with our partners to help guide the platform’s direction. In 2010, Google bought ITA Software to create its flight booking engine. In 2014, it opened it up to small business and individuals to access. On April 10, 2018, however, Google will close off access to its QPX Express API service.
- Líf is optimized to carry travel-specific data.
- We have over 150 applicants who have expressed interest in plugging into the Winding Tree platform.
- The speed factor and maturity level of every technology may vary, however.
Thanks to Winding Tree's BtoB platform, users, and in particular companies and start-ups, will benefit from a wide range of offers (flights, hotels etc.) and will be able to offer travel solutions which are adapted to their customers' needs. In order to use the API, you need to create an account that stores your configuration. The account consists of Ethereum wallet in JSON format and a configuration of uploaders. The uploaders are telling the API where to put data about hotels managed by that Ethereum wallet.
Winding Tree has dedicated itself to the reorganization of travel distribution. This will result in a large number of new apps for travelers, who will then be able to book Lufthansa Group flights via the offer that best suits their preferences. The current industry is dominated by a couple of big players, who according to Winding Tree are operating on outdated software platforms which is where blockchain would be an excellent fit. The aim of this new agreement is to provide, via Blockchain technology, a more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries.
Today, Expedia and Priceline control 95% of the US Online Travel Agency (OTA) market. Just three travel companies (Amadeus, Sabre, and Travelport) own at least 90 percent of the Global Distribution Systems market share.
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Winding Tree already have a number of partnerships lined up with existing travel companies. These are partnerships that are in place now which adds a lot of weight to this project. These partners are contributing to the development of the Winding Tree platform and network.
It’s a token that is based on the ERC827 token open standard, which we worked with Open Zeppelin to create. The Internet was supposed to level the playing field and disrupt monopolies.
At the same time, private blockchains are not that different from private databases. The whole point of blockchain technology is that it's an open, immutable and distributed database. If the entrenched travel industry leaders are Goliath, Winding Tree isn’t David. One of the ways for us as a company to make money is the development of proprietary extensions on top of the Winding Tree platform. These extensions will range from pricing algorithms for suppliers to insurance products.
The speed factor and maturity level of every technology may vary, however. We also need to access the network programmatically to be able to handle the expected data load. Size — Larger chunks of data (yes, a kilobyte is a large chunk of data), such as hotel description or images might be costly when stored directly in Ethereum smart contracts. The only actual part missing here is an efficient way of keeping tabs on data changes. And this kind of data can change a lot.
We plan to use the funds raised in the ICO to fund the development of the protocol for the first 4 to 5 years. After that, the nonprofit will be sustained through donations from travel companies.
And even if they somehow do that, it would devalue the network. It’s like imagining one company owning the Internet. Even Google doesn’t own the Internet. So big players will exist on the Winding Tree blockchain but nobody will own it.
It's the same model that the W3C and the Linux Foundation use. People think that Winding Tree is just another cash alternative. Líf will carry booking data, for example. It could carry your travel identification, your baggage tracking details, and your loyalty points. Líf isn’t an alternative to Ethereum.
A brake pad for the innovative further development of the distribution of travel offers. The German airline Hahn Air has partnered with open-source travel distribution platform Winding Tree to issue tickets enabled by the latter's blockchain technology. We use a Market Validation Mechanism (MVM), which means that the market (every token holder) decides on the funding we receive over the next years. After the ICO we receive a maximum of $10Mil regardless of how much money is raised. The remainder, if any, goes into a smart contract which buys back tokens (and burns them) at a rate of (TotalRaised - $10Mil) / Token Supply.
Also, bundling products are tricky with Ethereum. With Winding Tree, it's a no-brainer to bundle a car reservation with a hotel reservation.
