About Further Network
Further Network is an innovative technology company building a Blockchain based Peer-2-Peer network to help Airlines, Agencies, Hotel Wholesalers and travel product issuers alike to solve the Billing, Settlement, and Payment (BSP) issues while removing the middle-man and completing
BSP in real-time using Smart Travel Record (STR) and Aton.
Our visionWe aim to revolutionize the processes of travelling on B2B level so it could have a positive impact on day to day lives of all travellers.
Further’s disruption starts with Autonomous Smart Travel Ecosystem where any asset provider from small to large, Airline to Hotel or Tour Provider would be able to create their own assets, create their own modifiable services and publish them using their own smart contract and get real time payment throughout the system using Blockchain and cryptocurrencies.
We begin with tokenization of current assets from proprietary systems and for easy settlement and payment and continue with identity sharing and ultimately achieving a fully integrated set of systems with Blockchain which will directly tokenize the assets without any midware.
ProblemTravel is one of the biggest industries in the world with a global economic contribution of 7 trillion U.S. dollars in 2016. But the process of customer booking is based on the rules that were set more than 40 years ago. Even with the arrival of e-commerce, the standards didn't change to reflect the needs of a digital-era consumer. This is why you are having a badly designed experience with not many options to suit your needs when you travel.
SolutionOur Blockchain-based technology enables a faster and customizable ticketing and travel experience. We aim to help Airlines, Agencies, Hotel Wholesalers and travel product issuers alike to solve the Billing, Settlement, and Payment issues while removing the middle-man and completing
BSP in real-time.
The ticket should be more than just a manifest of flight information. It must be customizable or even personalizable for traveler’s needs and preferences. With Further Network's unique technologies travellers will be able to change, sell, add options and customize their tickets. Moreover it will not be a simple ticket anymore but Smart Travel Record, a Further Network technology.
How it works?STR, Smart Travel Record; a smart token, unique Further Network technology consisting of necessary data for flight, hotel or any other reservation or any other travel product. STR will help solve the issues of settlement and payment using Aton, our digital currency. STR would also bring more structured data and automation to the operational usability for vendors to offer their travellers specific rule sets.
About the Token
Our token is called
Aton and it is based on
Stellar. Aton will be issued as 7.000.000.000 Stellar token and will not be issued again to increase amount by any central party included Further Network. We have 3 different use case for Aton in Further Network Ecosystem.
- Settlement Currency
Reconciliation and payment are two main problems for the industry. If the institutions only want to use the system for settlement, they can still use STR and other system tools. However, if the institutions want to complete the payment process, they will be able to pay with Aton in real-time. - Payment Currency
Any end-user who uses our wallet will be able to buy tickets or make reservations within our network from any available product issuers. (Airlines, Travel Agencies, Hotels, etc.) - Transaction Currency
Aton will be used like the gas price in Stellar to compensate for the transaction cost occuring on the network. It will be collected by Further Network for maintenance and other costs of the network.
Team
Core TeamCo-founder & CEO -
Kadir Ozgur OguzCo-founder & CTO -
Erdem UneyCo-founder & CIO -
Gokhan KocCo-founder & CCO -
Cem ErsozluCo-founder & Business Development Manager -
Eser SevimAirline Analyst -
Gokhan IsciLead Backend Developer -
Mehmet DuranCMO -
Alper TurktasResearch Team Lead -
Cagdas TatliciCommunity Manager -
Armagan Can ErcanAdvisorsConsultancy -
Kyle Wang - IBM
Travel Tech -
Joakim Everstin - Sabre
ICO -
Anuj R. Khanna - Peak State
Finance & Trade -
Kaan Sariaydin - Morgan Stanley
IT Audit -
Erol Lengerli - IBM & KPMG
Airline Quality -
Brenda Anichini - Kenya Airlines
Ground Service Providers -
Maurizio Anichini - IATA
Corporate Governance -
Prof. Dr. Guner Gursoy - Okan University
Legal & Law -
Tuna Cakirca - Chadbourne & Parke - Kinstellar and White & Case
Entrepreneurship -
Mete Varas - Reidin & Zingat
Finance -
Zafer Sonmez - Khazanah & Sabiha Gokcen
RoadmapProduct TimelineQ4 2018
Decentralised BSP PlatformP2P Network will be launched
Decentralized Billing, Settlement and Payment Service will be provided for Air Passenger and Air Cargo Transactions
B2B Network with ticket tokenization for settlements and payments
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Q1 2019
Passenger Wallet with Biometric IDIndividual Customer Wallet for Travel Assets and Aton Transactions
Biometric ID function will be enabled for all transactions
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Q2 2019
Peer-to-Peer (P2P) Travel Product DistributionP2P Airline Product Distribution through network
Travel Agency App will be expanded with search and book capabilities
Data integration will be enabled with outside providers
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Q4 2019
Blockchain based Passenger Service System (PSS)Cloud based, lightweight PSS for small to midsize airlines
Native Blockchain based Airline Inventory Management and Ticketing System (PSS)
Native asset creation and tokenization of airline ticket
Customizable Travel Assets
Universal Travel Assets
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Q3 2020
Open Network Standards and P2P Exchange MarketOpen Network Standards will be launched for 3rd party software integrations to the network.
Engagement with software developers such as Hotelier, Activity Provider, Airport Operator, Ground Service Provider.
P2P Exchange Market establishment.
Wallet-to-Wallet search and purchase for exchangeable tickets.
Token Sale ScheduleMay 2018Private Token Sale
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Q2 2018Pre Sale Start
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Q3 2018ICO Start
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Q4 2018Exchange Offer
Token DistributionToken Sale: | | 60% |
Founders & Team: | | 16.5% |
Ecosystem Development: | | 15% |
Advisors: | | 3.5% |
Bounty, Airdrops & Other Incentives: | | 5% |
Links
Official Website: https://further.networkWhitepaper: https://further.network/whitepaper/whitepaper-latest-en.pdf Telegram chat group: https://t.me/FurtherNetworkTelegram announcement channel: https://t.me/FurtherNetworkANNFacebook: https://www.facebook.com/furthernetwork/Twitter: https://twitter.com/FurtherNetworkLinkedIn: https://www.linkedin.com/company/furthernetwork/