The travel industry is currently facing some common problems.
First, the transaction costs of the financial banking industry are extremely high and inefficient, especially when it comes to multi-party transactions in different countries.
Second, service providers generate a lot of setup and integration costs when synchronizing isolated databases. Tourism transactions require the participation of multiple service providers, including GDS, hotel wholesalers, terminal service companies, and sellers who have direct contact with consumers.
Third, the General Data Protection Regulation (GDPR) implemented by the European Union regulates companies' requirements for the protection of consumer personal data， highlighting the importance of data security and privacy.
Fourth, the tourism industry faces serious problem of payment fraud.
There is a unique fit between tourism companies and blockchain technology, and there is an opportunity to use this technology to gain development advantages. The completion of the tourism activities requires close cooperation from many parties, which may involve bookings for air tickets, hotels, destinations, airport navigation and car rental services. In addition, passengers also need to exchange currency to complete the shopping activities of the destination.
Based on this, the WAFCOIN token trading platform launched platform token WA. WA issued a total of 10 billion pieces based on the ETC20 standard of the Ethereum contract (never to issue more). WA has a unique blockchain core technology that will certainly surpass Bitcoin and Ethereum.
WA cross-chain technology will significantly reduce transaction costs. WA is designed to be a distributed blockchain network infrastructure to connect different block-chain networks and exchange value in a decentralized manner.
WA cross-chain technology perfectly solves the trust problem. WA ensures the safe interaction of information on other blockchain by introducing miners, notaries, guarantors and reward mechanisms. WA cross-chain technology accelerates transaction speed. Due to the complexity of the algorithm and the high energy consumption, the traditional cross-chain technology has delay in transaction.
In the future, WA will withstand an average of more than 10,000 transactions per second. Whether it is WA payment or paying WA for third-party services, WA will be of great development value and commercial application value in the future.
WA reshapes the value through the incentives of the blockchain to comprehensively enhance the integrity and transparency of tourism services, to further enhance the travel experience of each tourist.