Trusta Bit

About the offering

We’ve all been there. You are on your way to the airport - or maybe you’ve already arrived - and you learn that your flight has been delayed or even worse, canceled! The last thing you want to do is call an airline customer service line, hold for hours, then wait months for a flight credit. You feel frustrated, helpless and defeated. Why isn’t there a way to instantly receive a voucher that will allow you to continue your trip with ease? Enter, TrustaBit. TrustaBit plans to use blockchain technology to automatically issue vouchers to passengers when their flights are delayed, overbooked or canceled. Our goal is to mobilize the traveling consumer. The experience of traveling is often ruined by the hassle associated with recouping losses caused by weather delays, mechanical repairs or air traffic. This can leave passengers feeling frustrated and disillusioned with airlines – they feel like they have no control. Our mission is to alleviate and eventually, eliminate, this frustration. Currently, and to the best of our knowledge, when flights are canceled or delayed, there is no seamless way for passengers to receive compensation. Airlines are at risk of losing valuable customers due to variables that are out of anyone’s control. That’s where TrustaBit steps in. We plan to work directly with the airlines, so that the burden is removed from the traveler. No more frustrating phone calls or waiting for a voucher to be mailed out. This creates happy customers and, ultimately, may increase brand loyalty. According to Douglas Quinby, Phocuswright Conference, Florida, November 9, 2017, the travel industry is a $1.2 Trillion industry. Our goal is to onboard one tier-1 US airline by Q3 2019. You may now be asking yourself “What’s in it for the airlines?” Because TrustaBit plans to work directly with airline partners, we believe we will be able to provide the maximum benefit for all parties involved.

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