Winding Tree is a blockchain project that plans to transform the tourism industry thanks to the decentralized and distributed characteristics of this technology. The platform aims to eliminate external intermediaries to the tourism industry, as well as significantly reduce costs for consumers through the implementation of Distributed Accounting Technology (DLT).
One of the biggest advances of this quarter was the final design of the cards with which they will handle the data, as well as an advance of how the hotel distribution will be on the platform. Users can check hotel lists, get their URLs registered in the database, read hotel information through these links and verify that the information matches their reservation. They will use a combination of blockchain elements to carry out this registration.
Winding Tree will be a very complex network in which we will have to use all these services to decentralize distribution and access to inventory. The use of this combination (Ethereum + Swarm + ENS) will allow us to implement applications that do not require Internet access or request that DNS records work, being one of the first fully decentralized solutions for an entire industry.
For the company, blockchain technology is an excellent solution to decentralize content, ownership, communication, but it is still far from being able to process the thousands of transactions per second that the travel industry needs.
Therefore, storage in the chain has been reserved for prices, availability and description of services. This will allow us to gradually move from the distribution out of the chain to the chain when the network is ready to process the amount of transactions that are required.
Thus, each hotel in Winding Tree will have a file in a distributed and unmodifiable database, where all the content, availability and prices will be hosted and open to the public. In addition, recently, they finalized an Initial Offer of Currency (ICO), integrating a token called Lif for its operation.
To learn more about the project you can access its official website: windingtree.com/ or visit its social networks:
Twitter: twitter.com/windingtree
Medium: blog.windingtree.com/
YouTube: youtube.com/chanel
Reddit: reddit.com/r/windingtree/
Telegram: t.me/windingtree
Featured image of Winding Tree
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