Featured, India

Indian Multinational Corporation Wipro Limited Partners With Travacoin

Wipro Limited is an Indian multinational corporation who has made a partnership with a payment solution company called Travacoin in order to develop a blockchain solution. An announcement of the completion of the solution development is done on May 22, 2019. The payment solution company Travacoin is actually a digital payment system. Enabling airlines to refund is a purpose of Travacoin. It isn’t only enabling the airlines for refunding, but also enabling the airlines for compensating passengers.

Passengers will get notification related to delay or cancellation. Travacoin is also a blockchain-based cryptocurrency. They will get refunded in the form of the cryptocurrency. They can use the cryptocurrency to repurchase airline tickets. They can’t just use the cryptocurrency for repurchasing the airline tickets, but they can also use the cryptocurrency for repurchasing book hotels and other available services which are related to airport and travel. They can enjoy reductions in the waiting time for compensation.

The Indian multinational corporation Wipro Limited is recognized as a blockchain technology implementation leader. It provides a strategic advisory. It doesn’t only provide the strategic advisory, but it also provides consulting service. The service is a fusion of a deep portfolio of industry solutions. The company builds firm blockchain communities. It also builds talents. Creating huge technology expertise in a wide range of leading blockchain platforms is a purpose behind the building of the talents. The platforms can be Hyperledger Fabric, Etherum, Quorum, Corda, Mutichain, Hyperledger Indy and Hyperledger Sawtooth. It has its involvement in various distributed ledger technology alliances. The alliances can be Hyperledger project, the Ethereum Enterprise Alliance, the Energy Web Foundation and the Blockchain in Transport Alliance.

Airlines can reduce administrative overheads by compensating passengers with Travacoins. They can’t just reduce the administrative overheads, but they can also channel the savings. Better travel experience will be provided to fliers.

FTI Consulting is a management consulting company who has conducted a study recently. Whereas Travacoin commissioned the study. The study is commissioned on the commercial feasibility of digital tokens usage for refunds and compensation related to delaying in flights. Customer loyalty will be increased towards airlines. Travacoins are indicated to save airlines between 20% and 40%.
Travacoin is located in Dublin, Ireland. It is considered as a revolutionary idea. Passengers can make donations for charities through a commercial model of Travacoin, according to the official site of Travacoin.
The Indian multinational corporation Wipro Limited is actually a leading global information technology, consulting, and business process services company. The power of cognitive computing, hyper-automation, and robotics is harnessed. The power of the cloud, analytics, and emerging technologies is also harnessed. Helping clients in adapting the digital world is a purpose behind this harnessing. Clients aren’t only helped for the digital world adaption, but they are also helped for making them successful. It helps clients in six continents. The company is recognized at the international level due to a comprehensive portfolio of services and a strong commitment to sustainability. It is also recognized for a good corporate citizenship. It employs 175,000+ dedicated people, BusinessWire reported.
[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
coinmag

Shabnam Dhar is a Copy Editor for OWLT Market.

Leave a Comment

Your email address will not be published. Required fields are marked *