Swissbloc Capital: Blockchain Payments with Global Travel Stored Value Token (GTX)
Swissbloc Capital Review
The blockchain technology is certainly changing the way that we see much of the world and especially how businesses interact with each other. Because of this, the market is changing and today, we will review a new blockchain company called Swissbloc Capital, which is focused on merging this new technology with the travel industry.
What Is Swissbloc Capital?
Swissbloc Capital understands that the travel industry will be able to actually reach the trillion dollar mark by 2022 and, because of this, the blockchain is possibly one of the best ways to offer people the best services. You need hotels, hiring cars, online booking and many services and you need to visit a travel agent for all this. Well, not with Swissbloc Capital’s services, the company affirms.
The main goal of the company is to offer all the traveling services that you might need in an organized, decentralized and efficient way. The company will use the blockchain technology to lower operating costs and make the industry more efficient in many ways, as well as offering a brand selection of products for the clients all over the world.
This can increase the satisfaction of the customer and also connect them with companies from many places easily. All of this without needing expensive middlemen, as the system works automatically to connect people.
How Does Swissbloc Capital Work?
One way in which the blockchain will be used by the company is by creating a very secure way to pay for the services. By using Swissbloc Capital, you will be able to use all the security of the blockchain technology to secure your payments to merchants all over the world.
Credit card fraud is huge and it costs the industry over $16 billion USD per year. For the industry to make real progress, it is simply very important that the decentralization of the blockchain technology is used and that the information is never lost or deleted. As the ledger of the blockchain is immutable, the clients and companies are protected from all type of harm.
Decentralization can be an important ace when you need to store information, as the source simply cannot be hacked because it is encrypted and stored in many computers.
Another way to use the blockchain technology is by using it for ID verification, which can be easily done in an effective way to reduce check-out times in airports replace documentation for facial and fingerprint verification, which could reduce crimes of identity theft.
The blockchain can also be used to streamline the whole coordination process of flying an airplane and reduce the inconveniences of a flight like inaccurate arrival and departure times. It can also be very useful to track movements of luggage and share data between various airports in a very secure way.
The Global Travel Stored Value (GTX) Token
One of the main products of the company is the Global Travel Stored Value Token (GTX), which will be responsible for disrupting the current state of the industry. The token will act as a utility that will provide a new global cryptocurrency that will reward the travel sector for its efficiency.
In time, this token will supplant the virtual credit card system and travel agents by offering something new and exciting to the customers and companies. With more cost-efficiency, the rate of frauds would be diminished.
This token is set to create something that will really reward people for using or offering services instead of being a system that only rewards the middlemen for their inefficiency.
The Swissbloc Capital Verdict
Is this a good investment? It doesn’t seem to be. The information about this is very vague; about how they will use the blockchain to achieve so much, so there is the issue that the company may not actually be able to deliver on these promises in the future.
If a company needs to be popular to work, it needs to already have the structure, not create it from nowhere. If even Bitcoin is struggling for adoption, we have no doubts that this company also will, so maybe it is not the best idea ever to invest in it.