The startup offers a blockchain-based travel platform that facilitates a consortium blockchain currency and implements a KYC process for secure transactions in the travel industry. This platform provides a stable environment for leisure travel products, enhancing transaction speed and security for travelers.
Funding
$4.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The travel industry faces challenges with slow innovation, outdated technology standards, and fragmented supply chains, leading to inefficiencies and increased costs. Existing systems often operate in silos, hindering seamless data exchange and collaboration between travel service providers.
Solution
Chain4Travel is building the Camino Network, a blockchain platform designed to foster digital innovation and collaboration within the global travel industry. The Camino Network provides a shared infrastructure that enables seamless integration of travel offerings, reduces transaction costs, and facilitates the development of new business models. By leveraging blockchain technology, Chain4Travel aims to create a more efficient, secure, and collaborative ecosystem for travelers and businesses alike. The platform supports KYB/KYC processes, self-custodial wallets, and various use cases across the travel sector, including API substitution, loyalty programs, and token-gated access. Camino Messenger, a decentralized network within Camino, connects travel suppliers and distributors to streamline API management and standardize communication.
Target Audience
Chain4Travel targets travel companies, including airlines, hotels, tour operators, and travel agencies, seeking to adopt Web3 technologies, improve operational efficiency, and enhance customer experiences.
Features
- Camino Network: A permissioned blockchain based on Avalanche technology, customized for the travel industry, ensuring high security and low transaction costs.
- Camino Messenger: A decentralized communication network for efficient data exchange between travel suppliers and distributors.
- Support for KYB/KYC processes and self-custodial wallets for secure transactions and digital identity management.
- Open-source data standards to facilitate easy transition to Web3 for the travel industry.
- API substitution capabilities for seamless communication between systems and applications, reducing integration costs.
- Tools for creating carbon offsetting programs, ensuring transparency and trust in sustainability initiatives.
- Token-gated access control for managing access to services and amenities, enhancing security and efficiency.