HALLO Community TrustaBit, This new post I will describe about TrustaBit Project is very brirlian. Here's the Review:
Executive Summary
TrustaBit is a state of the art software solution that will give airlines the opportunity to automatically issue vouchers to passengers when their flights are canceled or delayed. The total passenger rights market is estimated to be $ 3.3 billion annually. Since 2013, AirHelp has collected $ 85 million in total compensation from passengers who have had their flights delayed. AirHelp functions as a middleman; the passenger provides information about their flight to AirHelp, who then works directly with the airline to get compensation on the customer's behalf. To date, a total of 1.3 million passengers have used this service Airfelp a fee of 25% of the total amount collected. These numbers show that passengers are willing to pay extra for a trust worthy digital service that will give them what they are owed. In the European Union they have established EU261 which states that airlines have to pay a compensation to the passenger in the range of $ 261- $ 626 depending on the time and distance of the flight. In the United States there is no specific law to help with delayed flights unless you have an international itinerary, then the Montreal Convention will apply. Many US carriers still choose to compensate the passengers for the inconvenience of those delays and cancelations.
Your airline can increase its return on investment for passenger compensation by directly offering their customers a more efficient and convenient way to receive their vouchers. Our smart contracts will allow your customer service agents to focus more on "the tricky" situations while Leaving the mundane and repetitive work to our system. Long waiting times, subpar customer service and excessive administrative procedures are among the current pain points for passengers who attempt to collect vouchers directly from an airline. "When you implement our blockchain solution you can increase your customer loyalty and take advantage of this new market segment. According to a J.D. Power study, "When passengers choose an airline based on reputation or experience - as opposed to cost or schedule- satisfaction and brand loyalty increases.
CHALLENGE
"The loyalty of airline customers is driven by the service, not the price."
Currently, when passenger flights are canceled or delayed, there is no way for them to get a voucher. Passengers should contact an airline call center or fill out a form that provides a thorough explanation of what is happening. At this point, often frustrated passengers wait for customer service representatives to determine if there is a good reason to monetize the voucher and what amount.
Furthermore, the voucher must be sent or emailed to the unhappy customer. By the time the voucher reaches its destination, passenger loyalty has declined and they have posted about their experience on social media and are planning their next business trip with another company.
KEY PROBLEMS
- There is no easy way to claim a voucher after your flight is canceled or delayed.
- Complaints about aviation services rose 70% in April 2017 from a year earlier.
- A negative customer experience will devalue your brand perception.
SOLUTION
Our software is designed to restore the traveler's emotional connection to your airline. When you apply TrustaBit to your environment, users can be compensated immediately based on defined business criteria. Voucher will be sent to customer's email address when flight is delayed or canceled; eliminating the requirement to contact an airline call center or complete a claim form. This will give you an opportunity to improve things with your customers, increase brand loyalty and secure future travel.
BENEFITS
- Improve your brand's perception and brand loyalty with consumers.
- Reduce direct and indirect costs of customer service.
- Lower your churn rate while increasing revenue.
- Create custom emails based on consumer behavior through marketing automation.
- Use smart contracts and Blockchain technology to automatically email customer vouchers.
HOW TO TRUSTABIT WORK
FEATURES
- Trust
- Smart Contract
By using a blockchain-based smart contract, the cost is reduced, if not completely eliminated.
- Secure
TrustaBit uses a personal blockchain where all participants know that transactions can be detected and tracked by the auditor.
STATISTICS
- On average, every day more than 8 million people fly.
- 68% will remain true to the program that offers the most rewards.
- Loyalty programs are more important in the aviation sector than hotels or rental cars.
- The Millennium is the most frequent business traveler of any generation who made a business trip 7.4 years ago.
- The Millennium is also more likely to spend extra money on flight upgrades and facilities.
- 97% will post their experience on social media.
TOKEN DISTRIBUTION
The initial Pre-Token sale will happen during Feb 5 -12, 2018 with the Main Token sale commencing on February 14th and ending on March 15 The minimum stampsset is set to $ 3 Million USD with all funds being returned to if the initial investment is not met. The maximum crowd price stamp is set to $ 49 million USD and contributions will be in ETH only. There will be a total of 1 billion TAB tokens created and the amount of tokens one person can purchase will be set to a first come first served basis. Any unsold tokens will be burned at the end of the token Token Sale and there will be no more tokens minted. Buyers will receive tokens 14 days after the close of the Token sale. We anticipate that tokens will be listed on several major exchanges.
There will be four bonus stages in the token sale.
• 20% Bonus during Pre-Token purchase
• 15% Bonus during week 1 Main Token sale
• 10% Bonus during week 2 Main Token sale
• 5% Bonus during week 3 Main Token sale
ROADMAP
TEAM
INFORMATION:
Website: http://trustabit.io/
Facebook: https://www.facebook.com/TrustaBit
Twitter: https://twitter.com/TrustaBit
Telegram: https://t.me/TrustaBit
AUTHOR : ALEX789
ETH ; 0x5f5f506A001A179b8eE67214a7754Bfe04ffadE0
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