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Winding Tree is a decentralized travel ecosystem that provides an open-source distribution infrastructure for the highly concentrated travel industry. The Líf token is the most critical underlying technology of the Winding Tree platform, used for payments and governance on the platform.
Project Introduction
Winding Tree is a blockchain-based decentralized open-source travel distribution platform. We make travel cheaper for end-users while making it more profitable for suppliers. Without centralized control, there are no exorbitant transaction fees or barriers to entry. Moreover, we enable small companies to compete with large ones, ultimately bringing innovation back to the travel industry. Suppliers can directly allocate inventory to points of sale, bypassing expensive intermediaries and data bottlenecks. Travel service sellers can access inventory from all suppliers from one platform, without markups and without barriers to entry.
Project Highlights
Winding Tree is the only public, non-profit blockchain striving to create a platform that will benefit the entire industry. Winding Tree is backed by a publicly unrestricted blockchain, which even the platform creators cannot change its rules. Its aim is to promote the adoption of the platform, and we will make it as easy as possible for startups to build consumer-facing products based on it.
No Booking Fees
Winding Tree does not charge any distribution fees to suppliers. Regarding transaction fees, Winding Tree will only charge a negligible fee to incentivize miners to provide computational power to the network. These fees will be automatically calculated by the blockchain at the time of the transaction, unrelated to the total amount of the booking.
No Downtime
Winding Tree will be deployed on a (or several) public blockchain(s), ensuring 100% uptime.
Real-Time Transactions
Winding Tree is a fully automated solution that integrates directly with travel suppliers reservation systems. Transactions on our platform occur within seconds. This time is determined by the time it takes for the blockchain to mine a block.
Bundling
With Winding Tree, bundling becomes incredibly straightforward. Whether you already have a partnership with a provider of a complementary service to yours, or you want to establish one, our platform will facilitate cooperation in the most simplified way possible, assuming the provider also uses Winding Tree.
Open Collaboration
Winding Trees code will be open-source, fully transparent, allowing anyone to study and propose modifications. It is one of the first open-source projects in the travel domain. More importantly, this platform will be owned by the community, and market participants will be able to create and vote on proposals to modify the market code through the platform governance tools we are currently building.
Focus on Developer Experience
Ten years ago, a travel agency needed a mobile phone and a laptop, but now they must be active on social media, understand online advertising, etc. Both suppliers and sellers of travel services must accept the new reality driven by technology, which is why our platform is built by engineers for engineers, because labor costs are the primary expense in any software companys P&L, and working with old systems can greatly slow down software development.
Bank-Level Security
The security of data transacted on our marketplace is our top priority. We use public key encryption to ensure that no one except the parties directly involved in the transaction can see the details of the transaction.
Open Consensus Mechanism
One of the most critical aspects of Winding Tree is that it is a public decentralized computing platform with an open consensus model rather than a consortium model. We firmly believe that only a permissionless architecture, where anyone can freely participate in the network, can solve the issues mentioned above.
Relevant Links:
https://cloud.tencent.com/developer/news/121540
https://www.traveldaily.cn/article/120815
https://0xzx.com/20190430194352790.html
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