TrustaBit
TrustaBit
Token: TAB


Blockchain for Delayed Flights

ICO dates
Start date: 2018-02-04
End date: 2018-03-15

Registrated in: USA

Platform: Ethereum
Type: ERC223

PREMIUM ICO

https://tokensale.trustabit.io/ Screenshot
TrustaBit categories
Tourism
TrustaBit whitepaper
Video
TrustaBit token sale
KYC passing required No | Whitelist No | Restriction for countries China
Soft cap 3,000,000 USD
Hard cap 49,000,000 USD
Token distribution in ICO
61%
61%
Price 1 TAB = 0.10 USD
Price in PreICO 1 TAB = 0.05 USD
Minimal investment 0.15 ETH
Acceppting ETH
TrustaBit news, social
TrustaBit search trends in Google
Random whitepaper excerpts

Contents
Executive Summary
Project Overview
The Problem
The Solution
How does it work?
Technical Architecture
Cancellation Flow
Blockchain Technology
Hyperledger Fabric
Benefits of Fabric
Limitations of Hyperledger Fabric
Consensus Algorithm
Smart Contracts
Market Overview
Current Regulations EU/USA
Market Share
Competitors
Go to Market Strategy
Road Map and Business Growth Model
Strategic Partnerships
Legal
Auditing
Airline
Detailed Description of Token Offering
Our Team
References
Risk Factors
Legal Notices
www.TrustaBit.io
2
...

Executive Summary
TrustaBit is a state of the art software solution that will give airlines the
opportunity to automatically issue vouchers to passengers when their
flights are canceled or delayed. The total passenger rights market is
estimated to be $3.3 billion annually. Since 2013, AirHelp has collected $85
million in total compensation from passengers who have had their flights
delayed. AirHelp functions as a middleman; the passenger provides
information about their flight to AirHelp, who then works directly with the
airline to get compensation on the customer’s behalf.
To date, a total of 1.3
million passengers have used this service and they have paid AirHelp a fee
of 25% of the total amount collected. These numbers show that passengers
are willing to pay extra for a trust worthy digital service that will give them
what they are owed.
In the European Union they have established EU261 which states that
airlines have to pay a compensation to the passenger in the range of...

The Problem
Project Overview
The Solution
“Airline customer loyalty driven by
service,
not price”
Currently, when a passenger’s flight is
delayed, there is no seamless way for them to
get a voucher. The passenger has to explain
what happened to a call center or through a
form, wait for the customer service rep to
decide whether they will receive a voucher
and for what amount, then continue to wait
for the voucher to be emailed or mailed to
them. Then the passenger has to wait again
for the voucher to either be emailed or mailed
to them. By the time the voucher reaches the
passenger the customer loyalty has already
decreased. The frustration from this
customer's experience can impact the airline's
reputation and future sales in a number of
ways, as disgruntled customers may post
negative social media posts, share poor
reviews online and offline, and bring their
future business to a competitor.'
By using...

Token Utility
We are building an ecosystem where a user who has an expiring voucher can trade
that voucher for TABs. TABs are a proprietary 'currency' of sorts which be used in a
similar way to an online gift card or voucher, except that it is more elastic and secure.
The days the user receives a voucher is when it holds the most value in TABs As the
voucher ages it becomes less liquid. We are fully aware that not all airlines offer
transferable vouchers. Some rules state that the user you are transferring the voucher
to has to be booked on the same flight as the original voucher holder or must have the
same last name as the original voucher holder. Some airlines like Qantas have fully
transferable vouchers. We intend to keep running ledger of all flight voucher rules
that will be made visible to our community of users.
After 2011, most of the major airlines changed their policy so that vouchers were no
longer transferable. Vouchers are historically susceptible to security risks including
in...

1. 1-Hyperledger Fabric DApps
Hyperledger Fabric DApps serves as a trusted party which
decides on how to solve disputes between passenger and
airline, implement business rules, define e-voucher
workflow, store sensitive data and restrict access to it.
DApps are exposed to external systems via REST services,
event subscription and DB replication mechanisms.
Proposed technologies: Hyperledger Fabric Composer,
JavaScript or TypeScript programming language.
2. 2-Trustabit integration layer
Integration layer (IL) wraps underlined DApps and serves
as an intermediary between blockchain applications and
external systems. IL provides REST API, authentication and
authorization services, and event and data buses. IL also
provides oracles required for DApps to make external
calls. With this design IL supports both synchronous and
asynchronous interactions with blockchain.
Proposed technologies: composer REST server, node.js,
Passport or OAuth 2.0, RabbitMQ, Apache Kafk...

Blockchain technology
Hyperledger Fabric
For enterprise use cases we found that it is more feasible to use a private blockchain
rather than a public blockchain. Before we look at the differences of the two, let us
analyze what they have in common.

They both are decentralized peer to peer networks where each participant
maintains a copy of the distributed ledger of digitally signed transactions.

They both have a consensus method and are immutable.
What makes them different?
The big difference is who is allowed to participate in the network and who performs the
consensus protocol. In a public blockchain, anyone can participate, perform the consensus
protocol, and maintain a copy of the ledger. These are huge drawbacks for an enterprise that
wants to implement a blockchain solution into their environment. A private blockchain network
requires an invitation to be sent out to all network participants so that the business knows who
is performing the consensus protoco...

Benefits of Hyperledger Fabric
With Fabric, you have the ability to create channels which allow participants to create a separate ledger of
transactions. For example, Company A and Company B may both be participants in your network, but you may
you may not want Company A to know a special price you are offering to Company B. The parties can then form
a channel where those participants have copies of the ledgers and no one else. The Hyperledger project is
backed by the Linux foundation and has many projects in incubation that are directly related to Hyperledger
Fabric. Hyperledger Fabric v1.0 allows the use of a NoSQL database (CouchDB) which allows you to model
assets as JSON so that you can perform complex rich queries against the chaincode data values. Other benefits
of Hyperledger Fabric include:
1. Permissioned membership;
2. Performance, scalability, and levels of trust;
3. Rich queries over an immutable distributed ledger;
4. Modular architecture supporting plug-in components;
5. Prote...

Transaction processing in Hyperledger Fabric
Fujitsu, which is a premier member of the Hyperledger Project, has been able to increase the transaction
processing speeds of Hyperledger Fabric v 0.6 by 2.7 times compared to the previous method. This
advancement has allowed Hyperledger Fabric to be applied to online transaction systems that require
high performance
Figure B: Transactions processing on the blockchain
Fujitsu has developed two technologies to improve the transaction performance speed while
reducing the number of communications between the blockchain platform and the applications.

Differential Update State (DUS)- Fujitsu Laboratories has now developed functionality that
executes only differential computations on the specified data in one processing action on
the blockchain platform, and functionality that reduces the number of computations
directly linked with the number of communications.

Compound Request (CR)- This functionality was developed to aggregate multipl...

TrustaBit Roadmap

1
Q4 2017 Idea Creation
• Global airline voucher market research
• Whitepaper
• Registration of legal entity
• Technical feasibility assessment
2
Q1 2018 Token sale
• Team set up
• Token presale
• Token sale
• Distribution and creation of TABs
3
Q2 2018 Development
• API integration with Blockchain technology
• Smart contract development
• Security audit
• Formation of strategic partnerships
4
Q3 2018 Business Development
• Brand awareness initiatives
• International marketing campaigns
• Worldwide launch of TrustaBit API
5
Q4 2018 Growth Strategy
• Product Development
• Increase our addressable market
• integrate TrustaBit into broader market’s (retail, hospitality, tourism)
Saritta Hines
Saritta Hines Founder / Chief Executive Officer

Blair White
Blair White Founder / Chief Sales Officer

Woody Means
Woody Means Chief Technology Officer

Jaymes Hines
Jaymes Hines Chief Marketing Officer

Kelvin Ndereba
Kelvin Ndereba Blockchain Developer

Sheletha Drew
Sheletha Drew Senior Corporate Tax Analyst

Samuel Dare
Samuel Dare Lead Hyperledger Developer

JaMarr Johnson
JaMarr Johnson Director of Marketing

Landon Williams
Landon Williams UX/UI Designer

Hakar Sulaiman
Hakar Sulaiman Creative Design Engineer

Mahroze Baloch
Advisors Mahroze Baloch Corporate Transactional Attorney

Casey Gardiner
Advisors Casey Gardiner Co-founder at DigiWallet

Kelvin Ndereba
Kelvin Ndereba
Blockchain Developer
BLOCKCHAIN SOFTWARE DEVELOPER
Blockchain Developer
Samuel Dare
Samuel Dare
Lead Hyperledger Developer
Blockchain Engineer