Trip.io

Travel & Tourism
Trip.io header

Trip.io

Travel & Tourism

Decentralized Travel Marketplace

China, Beijing
$33M
Total amount raised
2015
Year of establishment
Active
Status

About

Hi we’re Trip.io!


Tripio is the first travel marketplace based on the blockchain. It leverages the decentralized network provided by blockchain technologies to directly connect global customers and service providers.
Moreover, it builds a service ecosystem based on transparent, tamper-resistant trust and incentives. The blockchain technologies Tripio leverages help reduce transactional and operational costs in travel industries, as well as improve customer experience in their respective products and services. On the Tripio platform, a service provider can publish her unique service terms and conditions using smart contracts. From the moment a purchase initiates to the end of the travel, every step along the way can be enforced and monitored by smart contracts. Should disputes arise, Tripio provides dispute resolution by means of community self- government mechanisms. Tripio comprises of its dApps and a set of Tripio Protocols that forms the basis of the new ecosystem. The Tripio dApp and the Tripio Protocals are powered by the ERC-20 utility token called the TRIO token. Customers may use Tripio dApps directly. At the same, any third-party may build its own dApp by leveraging the open Ethereum protocols.
The Tripio Platform is consisted of the following four systems:
• Service and Identity Registration System: Service providers use this system to register services and create listings. They need to pass a KYC (Know Your Customer) authentication. User data are
strictly encrypted, so only authorized service providers may access user data based on smart contracts and legitimate reasons.
• Payment and Transaction System: Customer may use any legal fiat currency or digital currency (e.g. USD, EUR, ETH, LTC, XRP and TRIO) to purchase service in the marketplace. Tripio’s transaction system will perform transactional processing based on the needs of both customers and service providers. For example, a specific smart 5 contract may hold the payment until service is rendered and confirmed by both parties, and subsequently make payment in a particular currency.
• Reputation System: Upon completion of a transaction, participating parties may rate each other, optionally with supporting reviews. Rating and review information is stored on the blockchain. These ratings and reviews form the basis of reputation for all participants in the Tripio ecosystem.
• Dispute Resolution System: When disputes arise during service, such as damaged furniture or broken WiFi service, an automated process kicks in to form an arbitration committee in order to settle the dispute. An arbiters’ voting power is determined by her reputation and number of TRIOs held (reflecting her shared interest in the healthiness of the Tripio ecosystem).

Key objective

To reduce transactional and operational costs in travel industries, as well as improve customer experience in their respective products and services.

Slogan / Motto

The Travel Blockchain

Use cases

Booking & Accomodation
Marketplace

Tokens

Tripio
Tripio
($TRIO)
Type
Utility tokens
Token standards
ERC-20
Price
$0.00
Market Cap
$4,523,949.00

Funding

Received funding
$33,450,000
Total amount raised
2
Rounds
14
Total amount of investors
Amount Raised
Funding type
Funding round closing
Investors
$16,000,000
Series A
Blockchain Ventures Corp
Ceyuan Ventures
F2Pool
FREES FUND
Genesis Capital
INBlockchain
Node Capital
OK Blockchain Capital
$17,450,000
Unattributed
Ceyuan Ventures
FreesFund
Genesis Capital Advisors
INBlockchain
Node Capital
BlockVC Fund