Travala.com (AVA) is a travel booking platform based on the NEO blockchain. The platform itself operates both a centralised front-end allowing suppliers to easily edit their listings, whilst operating a decentralised backend incorporating the NEO blockchain governing the AVA engine. Thus, building a trusted, transparent and secure travel booking platform reducing costs associated with the travel industry.
AVA aims to disrupt the travel industry and provides multiple benefits over potential competitors within the market. A free business model, 0% booking and commission fees for the suppliers with no hidden fees. The incorporation of a peer-to-peer chat function between supplier and consumer along with ability to pay with AVA, other crypto and Fiat-currency payment options. Furthermore, potential competition within the blockchain travel space typically utilising the Ethereum blockchain which operates the proof-of-work protocol. Currently, this does not provide scalability for a travel booking platform [with only 15 Transactions per second]. High transaction costs powered by a mining network contributing to the unsustainable developments of this particular blockchain on both an economic and environmental level. Thus, does not offer many benefits for a real-life use case.
Travala.com was designed to be a real-world use platform and by utilising the NEO blockchain it allows us to position ourselves above potential competition operating within the crypto space. NEO operating at 1,000 transactions per second with the aim to be running at 100,000 TPS by 2020 [as mentioned in NEO Devcon]. With the current speed of a transaction taking approximately 30 seconds to complete, which is something, a travel booking platform needs to consider competing against market leaders such as booking.com, KAYAK, Expedia.com, Viator or agoda.com. Costs per transaction cost just a drop of gas [less Thant $0.001]. NEO offers an eco-friendly approach by utilising the proof-of-stake protocol. Furthermore, eliminating any associated economical and environment issues associated with other blockchains. NEO consensus offers government compliance which Travala.com will incorporate once we begin advancements in new and emerging markets and regions across the globe.
AVA token system encourages and supports multiple scenarios such as smart contracts, exchange of data, booking agreement and dispute mechanism. In addition, the AVA infrastructure supports the development and mapping of the dApp and HTML web platform enabling Travala.com to reach the mass consumer within the travel industry.