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UZOMA: Innovative Platform For Tourism

RaphaelCryptoJan 13, 2019, 7:48:47 AM

Uzoma is a decentralized hotel voucher ecosystem that is supported by the Ethereum Blockchain. People can find the best prices for the hospitality industry in Bali. We are creating a revolution in the tourism sector by cutting the OTA monopoly track. Uzoma is an Ecosystem where anyone can find the cheapest travels without paying unfair commissions to middlemen that have no added value. Trough that ecosystem will every one profit. We are providing an easy all-in-one Blockchain Solution by using cryptocurrency while traveling. Our mission is to provide an easy, affordable and secure platform to pay Flights, Hotels, Tours and special Services in Bali. Our customers love us for our low fees, bundling options and reselling services.

INTRODUCTION

Uzoma is a socio-economic platform from Bali that has 4 (four) main ecosystems named tourism, entertainment, financial and blockchain-based marketplace. Uzoma uses the ethereum ERC20 platform named Uzoma token (UMA). Uzoma wants to create a large community and work mutually beneficial, by utilizing the progress of blockchain technology and the development of cryptocurrency that is getting better nowadays. The development of this technology makes people increasingly want to make interesting ideas and get the benefit in the communities involved.

Every member who joins Uzoma community will get a special price for travelling and tourist accommodation in Bali, and will get an award in the form of UMA if they carry out all transactions and activities in the ecosystem interaction of the Uzoma user community through exchange of vouchers with UMA tokens. Uzoma optimizes if it can compete in the world of cryptocurrency because it has team that has experience in their fields. Uzoma was born not only to get instant profits, but also to be more focus on community growth and user’s comfort, so all members and aspects will get the benefit from Uzoma.

The Online Travel Agent Association (OTA) is a highly centralized online ordering platform that represents the classic case of the current market monopoly. The influence of the market they have allowed to attract service fees from hoteliers and tourists. Uncontrolled growth in costs has resulted in 20-30% of the room rate or around $ 75 billion received by OTA every year. That unproductive cost can be lost by hoteliers that they can use and invest to develop their area. The only value of the OTA is they have a large collection of hotels and apartments. However, the cost that they take in line with binding agreements about price parity make them undesirable partners for hoteliers.

Project’s Objectives

As technology advances are a necessity, the estimated block chain platform for online hotel bookings in Bali can eliminate intermediary costs and cover 20% of the hotel market, which will be double payment by 2030 it, is exceed over $ 1.1 trillion in volume and thus is so surpasses OTA that is the current main market holder.

Project Strength

UZOMA project has the following features and strengths:

1. The lowest transaction costs because there are no payments for servers, there are no fees for miners, platform owners and for exchanging fiat currencies,

2. Financial infrastructure, internal currency (UMA) and instruments reduce volatility and increase liquidity through the market maker smart-contract (MMSC),

3. A large client base and hotel,

4. Honest reviews, transparent rating systems of hotels and rooms rated by real travellers,

5. Non-staff hotels, Rapid spread of non-staff hotel (IoT) concepts that can cut hotel costs.

Uzoma's vision:

"Creating a decentralized tourism ecosystem where there is a good relationship between tourism service providers and people from around the world to create better price and services for tourism needs in Bali".

Uzoma's mission:

1. The creation of mutually beneficial relationships between service providers, agents and tourists who come to Bali.

2. Providing opportunities for everyone to improve the quality of their lives and businesses through the usage of digital technology.

3. Take an active role in developing star-ups (new entrepreneurs) in the field of digital technology.

Advantages of UZOMA Token Holders

1. It has many ecosystems that guarantee demand for tokens continuity to exist,

2. The function of UMA is a lot not just in tourism,

3. Safety and convenience in transactions because it is supported by block chain technology,

4. Later, Uzoma token as the main payment tool for all Uzoma ecosystems,

5. Very easy income for those who have hotel or lodging accommodations.

UZOMA: TOKEN DETAILS AND DISTRIBUTION

Uzoma uses blockchain technology in various ways including:

1. Payment, users pay with crypto UMA

2. Commissions paid to marketing personnel to promote the platform

3. Separate payment types serve as collateral for deposits, which can be useful for car rent. Hash transactions are recorded in blockchain. However, all transaction details are stored centrally in the cloud.

Uzoma believes, at this stage the using of blockhain technology and in particular, Ethereum blockchain keeps all transaction details impractical in terms of cost, speed and privacy protection. It is same like the storage lists to keep a list and availability of their calendar, as well as user and vendor profiles and reviews on the blockchain.