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
Ecosystem Update: Tratok Labs launches, allowing developers to build on Tratok’s Ecosystem
When people think of Tratok, the first ideas that spring to their minds are cryptocurrency or blockchain. While Tratok is closely associated with the two, at its very core Tratok is a trav.....
Showcase: Tratok the world’s most feature-rich travel ecosystem
Rome was not built in a single day and Tratok did not become the world's most feature-rich stand-alone travel ecosystem in one night. There have been a lot of enhancements over the last 18 m.....
Project update: First guests have already started their reservations. Roll out continues.
There is a feeling of great harmony among the team right now. After years of work, overcoming the challenges of Covid19 and constant improvements and feedback, our first users are making the.....
Project Update: The start of a new year and Tratok’s future
2021 was another challenging year for Tratok, following the extreme challenges posed to the whole hospitality industry during 2020. As far as blockchain disruptors go, Tratok should have bee.....
Ecosystem update: Cruise module implemented
Over the last 10 months, Tratok's developers have been hard at work implementing cruise rentals into the ecosystem for our travelers to benefit from. Two months ago, they finished the first .....
Ecosystem update: Inter-user communication updated with multi language support
In our last update for the social module plugin for the ecosystem, the Team had promised the userbase an improved method of communication following their feedback. The Team is delighted to a.....
Ecosystem update: Tratok now supports 10 major languages
It has always been Tratok’s intention to be the world’s travel token. We could not claim this to be an ambition without supporting multiple languages. This would be hypocritical and a falseh..
Ecosystem update: Car rental module implemented
One of the easiest ways to get around when traveling is of course via automobile. While for short distances one can resort to the use of a public taxi (another ambition for Tratok to impleme.....
Updates for consumers implemented following stakeholder feedback
One of the core commitments of Tratok is to put great importance on user feedback. We understand that the most important aspect of the ecosystem is the users and will always strive to pr.....
Service Provider APIs released
The main goal of Tratok's ecosystem is to make the world a smaller place and make travel more accessible. For this goal to be realized, it is important that we factor in every stakeholder th.....
Tratok launches restaurants module with ground breaking event
Following a period of extensive testing, enhancement and customization, Tratok is happy to announce the inclusion of restaurants and dining packages into the experiences module of the Tratok.....
A second chance to change more people’s lives for the better!
As promised in the last update, we are launching a second round of Tratok’s holiday per year for life for two more lucky winners and their partners. We received a lot of excellent feedback ..
We start 2021 in a strong position but exponential growth potential lies ahead
As we come to the end of the first month of 2021, we look forward to a year with a far more constructive underlying foundation for the travel and tourism sector than 2020. On one hand, the .....
As we head towards 2021, Tratok hosts an iconic launch party for a world changing product
If there is a single appropriate word to describe Tratok’s second generation ecosystem launch event, it would have to be “Iconic”. A groundbreaking event, featured by the Dubai Media Office..
A few thoughts from the Team before Tratok’s November 14th launch announcement
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.....
Meet Our Team
Current Progress