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 will 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.
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 travelers 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.
STR, Smart Travel Record; a smart token, unique Further 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 travelers specific rule sets.
Aton, the driving force that Further Ecosystem will be running on. All transactions which has a value in the Further Ecosystem will both be kept in desired currency and Aton. This will allow the system to calculate the entirety of the transactions and set the balance independent of the currency used by the issuer or the purchaser. Since STR holds both the desired currency and Aton value, the system will calculate the settlement over Aton which will work real-time and currency free.
STR will have the value in Aton.
Any travel product which has a value in issuer’s preferred currency will have a value in Aton.
This helps the system to calculate the settlement in real-time over Aton.
If preferred currency is not in Aton we will only do the settlement.
This establishes trust between parties, where traditional methods take time and third party involvement.
Value in Aton is kept for Settlement purposes.
If issuer chooses to receive payment in Aton, the payment will be in real-time as well.
Over the border transfers
A Brazilian agency doing a hotel reservation in Thailand;
Agency can pay in Brazilian Reais.
Hotel will receive in Thai Baht.
Further will charge in Aton.
Transaction Fees of Further Network will be in Aton. It is similar to gas price in Ether.
Transaction fees will be calculated based on:
Type of transaction
Complexity of transaction
Nodes involving in transaction.
In other words, Aton is the currency that runs Further Ecosystem.
September 2016Conceptual Design
August 2017Prototyping and Tests
October 2017Publishing Website & Whitepaper
May 2018Private Token Sale
Q2 2018Pre Sale Start
Q3 2018ICO Start
Q4 2018Exchange Offer
Decentralised Billing, Settlement, and Payment (BSP) Platform
Passenger Wallet with Biometric ID
Peer-to-Peer (P2P) Travel Product Distribution
Blockchain based Passenger Service System (PSS)
Open Network Standards and Peer-to-Peer (P2P) Exchange Market
He began his career in Turkish Airlines in 2000, he is a Part Time lecturer in Aviation Management Department of Istanbul Commerce University for the last five years.More info
As Managing Partner of Seven Gates Interactive Technologies he leads Software Product & Consultancy Services, Business Development & Sales departments and works as a Part Time lecturer in Aviation Management Department of Istanbul Commerce University for the last five years.
He began his career in the travel industry with Turkish Airlines in 2000 where he held variety of operational and management positions including Process Engineer, Project Leader Internal Auditor and Training Manager based in Istanbul. He was also member of IATA Load Control Work Group and Airline Messaging Work Group between 2008-2012.
He received his master’s degree in business administration at Maltepe University and his first bachelor’s degree in Electronics from Marmara University and second bachelor’s degree in Economics from the Anadolu University.
During his work life he has worked in different sectors from event/concert organisations to developing web applications & sites and starting an online music magazine.More info
As Managing Partner of Seven Gates Interactive Technologies he is the head of all development and IT. He currently leads the technical and functional teams of the projects. He also leads and contributes the R&D efforts of Seven Gates.
He began working at the age of 15. During his work life he has worked in different sectors from event/concert organisations to developing web applications & sites and starting an online music magazine. Completed his B.Sc. in Meteorological Engineering at Istanbul Technical University in 2005. Completed M.Sc. in Computational Science and Engineering at the same university in 2010. Founded an import export trading company at 2008 and exited at 2011.
Co-Founded Seven Gates at 2012, in order to pursue his dreams of technology development. He is also a member in Turkish Informatics Foundation.
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Former Head of Instructors-led Learning of IATA. Vice Chairman IGOM Task Force International Air Transport Association (IATA)More info
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