The Tratok Token
Blockchain technology leveraged to add value to the travel and tourism industry
Whitepaper About
What is Tratok
The Tratok token is a unique token which will be used on the Tratok Travel application to make bookings for travel and tourism services. Be it reserving a hotel room, booking a flight or renting a car, this multiplatform application will result in more economical, hassle-free arrangements for clients and service providers alike. By using blockchain technology to disrupt the existing business model, Tratok offers significant advantages over existing conventional platforms. Principally, it lowers transaction fees, eradicates the need for middlemen, saves time on bookings and results in more profit for service providers and savings for consumers. With stakeholder experience as the main priority, the Tratok project seeks to revolutionise the USD 7.6 Trillion travel and tourism sector and set a new standard.
OPTIMIZATION OF RESERVATIONS
Cost Transparency
Unfortunately, it is often the case that the price represented to an individual is not the final price that the consumer is asked to pay. Often w.....
The Inefficient “Middleman”
In the 21st century, the majority of us are capable of finding information for ourselves. It defies logic that there should still be a “Middleman..
Refunds And Fund Freezing
Issues with the reclamation of payments for cancellation has remained a consistent problem with electronic reservations. This is for a multitude .....
Extreme Transaction Costs
Online reservations, despite the client doing the majority of the work, have significant transaction fees. Among these fees include charges impos.....
Foreign Currency Exposure
Due to fluctuations in currencies, in conjunction with mark-ups that financial institutions provide on foreign currency transactions, purchases i.....
Communication Problems
Communication remains another shortcoming. Whether you are getting in contact regarding a cancellation, a refund or for any other reason, it can .....
Latest news
A few thoughts from the Team before Tratok’s November 14th launch annoucement
We are happy to report that over the last fortnight, pilot tests were successfully conducted involving seven different groups from Europe composed of thirteen individuals from five differen.....
Tratok’s latest deal with Hotel Data Cloud beats our original June 2021 target by 400%.
The partnership will ensure that the data from Hotel Data Cloud's portfolio of over 11,400 hotels in 153 countries which feature more than 1.2 million rooms, will be utilized by Tratok's ec.....
Finishing 2020 on a strong note
Following approval from the General Counsel of Tratok Ltd and Tratok Portal LLC, management is happy to announce that trading can now resume. We are delighted to report that we are ful.....
Announcing a life changing gift to the public. Don’t miss out!
Tratok is proud to once again lead the rest of the industry in providing products that are meaningful and revolutionary. This time around, we are raising the bar higher, even by our st.....
A live 1st view of the 2nd Generation Travel Ecosystem
How does one show confidence in their team and product? The Tratok Team challenged Mohammed Altajir to conduct a live demonstration of the 2nd Generation Travel Ecosystem. Let's see how i.....
Trading temporarily halted while regulator reviews our 4th license request
A courtesy update for all our stakeholders and partners: While the regulator reviews our latest application for a fourth license, Tratok has been asked to co-operate with the exchanges t.....
What form will summer holidays take in 2020?
As summer approaches, everyone is keen to see what form these holidays, the longest for the year in many countries, will take. Uncertainty about the re-opening of borders, the availability .....
A summary of STR’s European Hotel Analysis
As a result of the corona pandemic, 100’s of thousands of hotel properties find themselves in financial distress. But as hotels properties are hard to repurpose, they have no choice but to ..
The hotel world is being rocked by coronavirus shutdowns
Seven out of ten hotel rooms in the United States are empty, and the industry has lost nearly 4 million jobs and more than $21 billion in revenue. Where does the hospitality sector.....
The Economic Cost Of The Pandemic
On the third day of deconfinement in France, glimpses of a post COVID life start appearing, within the rules of social distancing still required by the government. What is i.....
Our Success: Belief, Trust & Simplicity
In our previous article, we showcased Warren Buffet’s decision to sell all his airline stocks in the face of the pandemic. To many, the decision of this investment guru to give up on the tr..
Decentralized Exchanges Disabled
Following the advice of our Legal General Counsel in reference to AML-CFT Law16.1(b); AML-CFT Decision24.2-4, 27.7, 28.1-2, 29.4, 37.1-3 as outlined by the central bank of the UAE, Tratok L.....
Visit the world virtually
The desire to travel is one which is innate to man: a desire to learn, to grow one’s self and one’s knowledge. Tratok was developed to be able to democratize travel and tourism and offer th..
A time of renewal
In a historic address to the nation on Monday, the President of France Emmanuel Macron highlighted the importance of knowing how to renew oneself in the face of the changing realities of th.....
MENA Hotel Market Sentiment in April 2020
By Nicholas Paillart, Chief Marketing Officer – Tratok. As the hospitality sector faces an existentialist crisis unprecedented in its history, one which has not only crashed occupancy,..
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