We are reshaping the Shared ecosystem of travel services This is a decentralized and borderless tourism service sharing ecosystem based on trust, evaluation, motivation, community autonomy and system wisdom. more
CYTT is a tourism technically to make open platform for the industry alliance block chain, link directly by decentralized block chain network global travel service provider (enterprise or individual) and the consumer, to rebuild based on trust, evaluation, motivation, community autonomy, system intelligent decentralized borderless travel services share the ecological system.
Travel service providers and consumers must authenticate their identities before using CYTT DAPP. CYTT USES asymmetric encryption technology to encrypt identity information and store it in a distributed storage system.
The travel Service provider publishes all travel-related products, services, activities, Information, etc. through the smart contract template provided by CYTT, and all data will be presented to the ISS (Information Service System).
Consumers pay the CYTT card to the smart contract. After the transaction is confirmed by the travel service provider, CYTT will generate a purchase certificate, save it in the distributed storage system, and provide it to both parties.
The ratings and comments of both parties will not be displayed immediately. The system will automatically publish the ratings and comments only if both parties are judging each other, or if one party has completed the ratings and comments, but the other party has not commented within a specified period of time.
According to the final arbitration result, the travel service provider will pay compensation to consumers, and the platform will automatically deduct a certain credit score of the travel service provider.
Solve the following pain points for the tourism industry:
The third-party intermediary platform cannot fully guarantee the credit verification of service providers, landlords and users, resulting in the problem that the reservation is successful but the service is not available.
High-quality reviews help consumers make the best purchase choices. As the service competition degree rise, manipulation comments into the attack, promote sales tools and means.
In order to ensure the operation capacity, OTA establishes a large operation center and employs a large number of employees, resulting in high operation costs.
The high operating costs of otas have been passed on to service providers and travellers, and commissions have remained high.
The proportion of outbound tourism has been increasing year by year, which has become an important choice for people. However, Ang's transaction fee has brought troubles to passengers.
Users in the third party intermediary fill out personal information leak, was harassed by businesses, reduce the user travel experience.
Tourists littering, graffiti and other low-quality behavior is common, malicious damage to public facilities and other behavior has no means of accountability, easy to produce disputes.
Scenic spot merchants overpriced, sky-high price seafood, sky-high price mineral water incidents. The rights and interests of consumers cannot be effectively protected.
The underlying architecture of CYTT will be based on the latest generation of smart contract alliance chains, which will be able to integrate the ecology of the global travel industry and support cross-border payment services and financial services. CYTT has the following characteristics:
In order to solve the problem of excessive PoW consumption and the long-term tendency of PoS/dPoS to be centralized, the improved speculative Byzantine algorithm Zyzzyva(SBFT) was used as the main consensus mechanism.
Build the CVM to replace the relatively unwieldy and network congested EVM virtual machine with more mature container technology.
The introduction of LLVM and WebAssembly runtime, and support of node. js, Java, PHP, Python and other mainstream languages to write intelligent contract, the maximum coverage of developers, conducive to the formation of technology and business ecology, accelerate the industry landing.
Channel link mechanism is introduced, which can be analogous to the multi-tenancy concept in the open Internet platform, so that transactions between different members/organizations can be completed through the isolated private block link, and the nodes in different links can reach a consensus independently without the need of the whole network consensus.
This paper introduces (cross-chain digital asset exchange protocol) to realize the consensus of asset transfer among different channels, establishes the contract stratification mechanism, and divides the original fuzzy intelligent contract system into three layers: control layer, data layer and business logic layer.
In order to manage the identity of the node reasonably, the concept of witness node is introduced, and the accuracy of the information in the chain is endorsed by the witness node.
The mechanism of out-of-chain encryption small programs is introduced as CryptoApps to replace Oracle mechanism, so that the intelligent contract on the chain can interact with the out-of-chain business logic safely and efficiently.
With the introduction of the wysiwyg smart contract BPMN (Business Process Model and Notation) editor, which automatically compiles and generates smart contracts on the chain, Dapp developers can create their own Business processes without writing contract code.
CYTT application scenarios are extensive and feasible, mainly divided into five categories: CYTT service platform, CYTT online consumption platform, CYTT payment platform, CYTT trading platform, CYTT financial platform.
Cytt Changyou alliance chain is the first tourism blockchain ecosystem in the world, which is jointly initiated by OMT group and many tourism operators around the world.
OMT group is a one-stop travel management service group. It was founded in Thailand in 2008, and its central management and sales team is located in Singapore. After more than ten years of development and precipitation, OMT group has established 18 branches in 14 countries, and has many tourism service partners, more than 2000 high-quality enterprise customers and million class individual users. Cytt Changyou alliance is a forward-looking move for OMT group, the world's top tourism group, to lay out the blockchain, and is also a key strategic deployment for the group's digital transformation and upgrading. With the endorsement of OMT group, cytt Changyou alliance has become the only decentralized and shared tourism service ecosystem created by large tourism groups in the world.
Cytt DAPP is jointly sponsored by many tourism operators around the world, and is headquartered in Singapore. It is jointly created by a senior team with rich industry experience and engaged in tourism for more than 30 years and the earliest senior expert team in the field of blockchain technology research and development
To be honored
In 2017, OMT group won the Asia top enterprise achievement award；
In 2019, OMT group won the Thailand tourism contribution award at the Thai Princess charity foundation
In 2019, Cambodia branch won the national business contribution award, which is the only award-winning enterprise in the tourism industry
Interview with tTG travel
Cytt Changyou alliance integrates innovation incentive mechanism, POS ecological co construction mechanism, fuel combustion symbiosis mechanism and economic deflation mechanism. The global first POS + POS = POM symbiosis system is to synthesize cytt certificate by symbiosis of TT fuel and TC fuel in proportion. Through the fuel symbiosis mode, the ecological seed members can be quickly stimulated to increase the "internal circulation" of fuel demand, which will drive the value-added of cytt token..