TripAlly is a blockchain platform that aims to make it easier for travelers to access data internationally. Here’s our review.
What Is TripAlly?
TripAlly aims to help travelers avoid international data roaming charges. Described as a “global connectivity platform”, TripAlly aims to streamline mobile internet access by reducing our dependence on SIM cards, high roaming fees, and the need for multiple devices.
The core benefit of TripAlly is obvious: TripAlly wants to offer mobile data internationally at a price similar to local internet rates. That means travelers can access unlimited data in each country they visit.
Unlike other companies, however, TripAlly isn’t trying to disrupt mobile carriers. They’re not trying to undercut the industry. Instead, they’re planning to work with carriers. Carriers will receive significant revenue from TripAlly under a service license agreement (SLA) between TripAlly and mobile operators. Carriers will keep a portion of revenue from TripAlly internet services, which means they can earn money without any extra work required.
Why would carriers sign up for a service like this? Well, carriers have watched their revenue streams constantly disappear to data-based services like Viber, WhatsApp, and Skype. Most people, when they’re in a foreign country, wouldn’t dream of calling a contact back home over a mobile network. Carriers are consistently losing revenue to services like this – which is where TripAlly sees an opportunity.
How Does TripAlly Work?
TripAlly will deliver cheap internet service through a mobile app on your existing network’s SIM card. To do that, TripAlly will use networks in destination countries.
The main goal of TripAlly is to forge partnerships with carriers in countries around the world. The faster those partnerships are signed, the better service TripAlly will have.
TripAlly is aiming for an ambitious acceptance rate. The company is forecasting an acceptance rate of 20% among travelers in the countries it services. They plan to launch TripAlly internet service in Thailand, Laos, and Cambodia in summer 2018 before launching an Asia-wide expansion in 2019.
The ecosystem revolves around use of the TripAlly token, or ALLY.
How Does The TripAlly Token Work?
The TripAlly token, or ALLY, is an Ethereum-based token that provides additional payment options for clients. You can use them to buy internet services through the TripAlly network. ALLY tokens can also be resold for profit to users who do not currently have the token.
ALLY is already accepted at 200 venues across Bangkok, Thailand. Broader implementation is expected throughout 2018.
ALLY tokens can also be converted into fiat currencies at ATM machines throughout Southeast Asia. TripAlly will roll out ATMs across the region, giving users greater flexibility and liquidity for their ALLY tokens.
Of course, TripAlly will also accept fiat currencies in exchange for internet service. The rate for non-ALLY token holders is set at $3 USD. That will give you one full day of unlimited internet usage in your destination country.
The TripAlly Token Sale
The TripAlly token pre-sale began on September 17 and is scheduled to last until October 15. You can buy tokens at a 60% discount during this period.
The pre-ICO goal is to reach 1,500 ETH by selling 750,000 ALLY tokens.
The main ICO is scheduled to run from October 15 to November 30.
Who’s Behind TripAlly?
TripAlly’s team is based in Singapore. The company is led by co-founders Aleksey Gordienko, Sergey Goreev, and Sergey Zubkov. All three have experience in the Asian market. The company was founded in 2016 and has already created its proprietary solution. They’ve also entered negotiations with mobile carriers in Thailand, Cambodia, Malaysia, Laos, Myanmar, and Vietnam. Throughout 2018 and 2019, they expect to roll out services to these countries and others across Asia.
The team has a combined 75+ years of experience in the telecommunications industry.
What Problems Does TripAlly Seek To Solve?
TripAlly’s website mentions that 1.2 billion people traveled internationally in 2016. The total annual growth in international travel is 4%, and there’s an 8% annual growth rate in international travel to Southeast Asia. With those statistics in mind, here are some of the key problems that TripAlly seeks to solve:
- High connectivity costs when traveling
- Data latency and inconsistent speeds
- Disruption of existing SIM-based services, like banking, messaging, emails, and etc., when you pop in a new SIM card
- The constant need to search for free Wi-Fi when traveling, including the inconvenience and lack of security along the way
- The need for extra devices for different countries, or extra SIM cards
- Travelers don’t want to pay for SIM changes, roaming fees, Wi-Fi limitations, and other expenses
Ultimately, travelers want instant access to mobile internet from the minute they arrive in a foreign country. People want an easy way to share their experiences without wasting money, dealing with extra devices, or experiencing other problems. Mobile network infrastructure is available around the world – TripAlly wants to just give people an easy way to access that infrastructure.
Nobody likes paying data roaming fees when they visit a foreign country. That’s why many people skip the fees entirely, choosing instead to rely on Wi-Fi and apps like Skype, WhatsApp, or Viber.
TripAlly envisions a future where you can visit a country, pay a small daily fee to the TripAlly network, and enjoy cheap, fast, unlimited internet throughout your stay. It’s a problem that certainly needs to be solved, and it’s not currently being addressed by any player on the market.
Obviously, there are still plenty of hurdles along the way. The company needs to enter agreements with carriers across the region. They also need to complete agreements quickly – otherwise, members won’t join the network if they can’t get reliable internet.
To learn more about TripAlly and their ongoing ICO, visit online today at TripAlly.co.