Further Network is Blockchain based P2P network to help travel industry complete the Billing, Settlement, and Payment (BSP) process in real-time using Smart Travel Record® and Aton® (Settlement& Payment Currency of Further).
Further Network has started a Blockchain project which will provide a real-time solution for Settlement and Payment problems in Travel Industry. Further introduces new functionalities like Customizable & Transferable Airline Ticket, Hotel Reservations and also second hand market for all type of tickets.
- New Peer-to-Peer Airline and Travel Network which allows to settle & pay every provider in real time with Further's digital currency.
- Further disrupts all centralised models like IATA, BSP (Billing and Settlement Plan),GDS (Global Distribution Systems),ACH (Automated Clearing House) or Banks with "innovative decentralized governance model" for Airline & Travel industry which means liberalisation for the Industry.
- We also proud to introduce Smart Travel Record (STR) which is a Smart Token holding key data about your travel asset (airline ticket, hotel reservations...etc). Ticket and/or hotel reservation will be made through STR, which will have the ability to be exchanged, divided, combined and changed ownership while helping to accomplish the settlement and payment process.
- Further brings "the single settlement - payment account opportunity" named as "Universal Decentralized Billing Settlement Payment Platform" to Travel Agency Ecosystem to make possible to real-time and Peer2Peer settlement&payment with its own digital currency.
We build collaborative partner network while we still develop the platform. We are discussing with Airlines, Travel Agencies, Hotel Wholesalers, Ground Service Providers, Aircraft Lease companies around the world.
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Blockchain enthusiast, business angel Rated on Feb 5, 2018
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The team seems legit, the industry has been waiting for a long time to be jump started, the only problem I see is a reluctancy of potential clients to use the new technology and the complicity of the overall ecosystem.
Further Networks services and value propositions appear to be saddled between the current GDS and TMC offerings and takes it further by utilising ledger technology. As another expert shared - this is something that the industry needs. It also appears to be where the industry is going based on the growth of blockchain topics and companies at industry events.
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