California travel blockchain startup files flight safety & CO2 patents

California travel blockchain startup files flight safety & CO2 patents

Golden State-based travel blockchain startup, travelbloc.ai™ has reportedly announced that it is focusing on using Artificial Intelligence (AI) and blockchain-based innovation to reinvent travel solutions for tech-savvy travelers of today. The company’s technology is apparently intended to disrupt status quo and enhance traveler experience.

The Silicon Valley company has reportedly created a green SaaS travel marketplace, which brings suppliers and buyers together. The marketplace has supposedly aimed at eliminating the distribution cost using SMART contracts and by adding value using SMART profiles.

travelbloc.ai™ has stated that minimizing the distribution cost is pivotal for both suppliers and buyers who are looking for options to increase revenues and improve traveler value.

travelBloc.ai co-founder Steve Sedgwick has explained that using AWS Cloud and Ethereum-based blockchain technologies eliminates the cost of infrastructure needed to build NextGen distribution and procurement models, as per reports.

Sedgwick added that status quo processing, distribution, and procurement built around legacy distribution systems and intermediaries are no longer financially responsible. The travel & hospitality sector has continually been absorbing billions in long term debt, which is not sustainable, claimed Sedgwick.

Several travel & hospitality suppliers have supposedly been seeking alternate distribution channels free of overrides, distribution, and commissions and driving initiatives, which can reduce costs and add value to traveler experiences.

One of the patents that the company has reportedly filed is for PollutionIQ, which measures individual and company CO2 emissions and offers analytics, dashboard, and predictive models.

SMART contracts have apparently been implemented to allow companies to set off their CO2 footprint by planting tress based on calculations.

travelbloc.ai™ has claimed that companies would choose to broadcast their green initiatives by publishing their measured data.  The data indicator has reportedly been designed to assist with customer goodwill, employee recruiting, and gain Federal Tax credits.

The company has also seemingly filed another patent for the SafeIQ algorithm that allows customers to search flights to find the safest seat on the aircraft as per CDC’s health guidelines.

The company has evidently stated that SafeIQ algorithm leverages SMART profile integration and notifies travelers about safe flight options nearly 3 hours before departure.

Source credits: https://www.prnewswire.com/news-releases/silicon-valley-travel-blockchain-startup-files-co2--flight-safety-patents-301287892.html