Blockchain for Travelers
JetSet is a blockchain powered end to end travel ecosystem that’s disrupting the $8 trillion travel industry.
How We're Changing Travel
JetSet is a blockchain powered end to end travel ecosystem that solves two major problems in the $8 trillion travel industry: the high cost and fees associated with international cash withdrawals and purchases, and the highly fragmented trip booking process. We achieve this through our dual layer blockchain and cryptocurrency architecture, mobile and web apps, and our physical terminals called Hubs and Spokes, which bridge the virtual world of cryptocurrency and the real world of global fiat cash.
When a traveler is stepping off a long flight in a foreign country, they often don’t have many tools readily available to them. Cell service is dependent upon their home country’s cell plan, and services directly available to them at the airport are often overpriced. As mentioned earlier, foreign currency is one of the biggest and costliest hurdles. With the JetSet platform, we can eliminate those immediate off-the-plane hurdles.
We’re just about to start rolling out beta tests for both business owners and travelers. So if you’re a business owner that’s looking for a low cost way of accepting electronic payments, click the vendor beta button below. If you’re a traveler looking to get the best international exchange rates possible when it comes to withdrawing cash and making purchases while abroad, click on the traveler beta button.
Poor Infrastructure, Poor Fees, and Poor Exchange Rates
Lack of Consistency
Traveling between counties leads to inconsistent financial infrastructures and your cards and cash not working in every location.
Not Truly Travel Friendly
Even "travel-friendly" credit cards have fees and marked down exchange rates built in to take money out of your pocket.
No Real Convenience
Currency exchanges at the airport or in cities will charge you up to 27% in penalties and commissions before you even get your money.
Fragmentation
On average, travelers are visiting anywhere between 3 to 5 different websites just to book elements of the same trip.
We started with the traveler
Nearly every traveler is using their cell phone while abroad. Mobile payments are increasing as smartphones become more ubiquitous as a primary travel tool. We developed our app to be centric to the traveler’s experience while also being used by businesses who need to be able to accept payments quickly.
It's about flexibility and security when traveling.
We also realize having your phone on you at all times to complete every purchase isn’t feasible. Lack of reliable cell networks and the high cost of data while roaming makes having multiple options key, which is why we developed the Passport – an optional NFC enabled card that you can request when signing up for a JetSet account. It’s tied directly to your JetSet account, so any purchases you make with it will work just like using the app.
Cash is still king.
The Hub is a re-imagined proprietary ATM that will be available at major airports, train stations, and city centers globally. It will be the first thing travelers come across, allowing them to withdraw cash, make trip purchases, and get up to date information about the city in which they are currently.
When a traveler’s trip is over, they can deposit unused local bills back into the Hub so they are not carrying about money that cannot be exchanged or deposited.
A truly global footprint.
When traveling to smaller cities and towns, we wanted to ensure the traveler is never outside of the JetSet footprint. Our Spoke systems extend into other parts of a country, giving travelers and businesses the ability to accept electronic purchases on the JetSet network while also being able to dispense smaller amounts of cash when a ATM isn’t reliably available.
Helping businesses save.
Our handheld point of sale system will work in conjunction with our mobile payment app and Passport card. We do not charge businesses any processing fees on any transaction, giving them the ability to save on each customer without needing to handle physical cash. Our hardware components allow us to scale globally at minimal cost to us and allowing those savings to be passed on to both the traveler and the business vendor.
Stellar Architecture
The Stellar Token Architecture allows us to build a transaction blockchain and network that is agnostic of existing financial and currency exchange networks. That means we can get the best exchange rates possible without the need to charge travelers or businesses unnecessary commissions, fees, or penalties.
Dual Layer Blockchain
Our secondary blockchain is built on IBM's Hyperledger Fabric architecture which allows us to build out a modular framework. This means a semi public and private blockchain that houses all of our transaction ledger, traveler PII, and a fully transparent and verified review system that keeps travelers safe and businesses growing.
Deployed on AWS
Everything is built and deployed using Amazon Web Services, ensuring the best in security and uptime for all of our users. We've centralized all of our services on AWS globally which means we have the best architecture that will help us scale all over the world.
Core Team
Amar C. Bhakta
Zena Patel, Esq.
Himanshu Dhameliya
Liang Huang
Jane Ugrinovskiy
Grant Gulovsen, Esq.
Virginia Chavez
Advisory Team
Sindia Bharwani
Brian Tehako
Crispin Courtenay
Richard Piacentini
Tiaan Wolmarans
