Bali Social Integrated — A pioneer that leverages the decentralized network to connect global customers
Decentralized networks triumph over centralized networks because of their autonomous nature that shifts the control from one entity to the entire community. However, despite the clear advantage, decentralized networks are still lagging in adoption because of various factors.
One of the leading reasons for slow adoption is a lack of understanding and complex UIs. However, several platforms are working on improving their UIs and offering more use cases by integrating blockchain technology with untouched industries such as Tourism.
Bali Social Integrated is a pioneer global tourism online travel agency developed using blockchain technology. Bali Social Integrated uses the cross-chain operability of blockchain technology to connect global customers to service providers directly.
Bali Social Integrated Foundation — A blockchain-powered Tourism Solution
Bali Social Integrated is a blockchain developer team that has designed a decentralized network that directly connects customers to service providers, focusing on the tourism industry. The underlying blockchain technology helps BSI to reduce transactional and operation costs and improve the overall customer experience.
Bali Social Integrated is a tourism platform based on blockchain that aims to shatter the monopoly of global online travel agencies (OTA) and the problems associated with them. The third-party travel agencies have taken over the tourism market and act as intermediaries to connect the customers and service providers. For this purpose, these intermediaries levy hefty fees, reducing the profits of service providers and increasing the expenses for a customer.
However, Bali Social Integrated aims to rectify these problems by leveraging blockchain technology to create a platform where customers and service providers can connect directly. BSI is developed on Ethereum Network and uses smart contracts to redefine transaction models and state transition function rules. BSI ultimately aims to revolutionize the tourism industry and introduce new and innovative ways.
Bali Social Integrated apart from creating a platform where global customers and service providers can directly interact offers several advantages such as:
- Reduce transaction and operational costs in travel industries.
- Improve customer experience in their respective services and products.
- Transparent business ratings
Bali Social Integrated has also developed a blockchain-based payment solution to cut down the intermediaries' fees that can cost up to 20% of the total transaction. The platform uses a payment network where users can pay using the liquid token BSI of the platform to avail of all the services.
Even if the users choose to pay with other payment methods, BSI only charges 0.5% to 1% currency conversion fees. However, users do not have to use BSI tokens as payment for services. Bali Social Integrated converts credit card, cash, or BSI token into the ViajePAy using Viaje Apps. This app can be directly used at the affiliated stores to save fiat conversion fees. The remaining amount in the Viaje Apps can be converted back into a BSI token, making the user eligible for some profits.
About Bali Social Integrated
Bali Social Integrates is a revolutionary blockchain-powered platform with an aim to rectify the inefficiencies of the tourism industry. The current scenario is ruled by the intermediaries that charge exorbitant amounts of fees for connecting customers with service providers.
However, Bali Social Integrated tackles these inefficiencies by creating a platform where global customers can directly interact with service providers. BSI is powered using blockchain technology’s scalability and interoperability, making it transparent and more efficient. The platform offers a blockchain-powered payment solution that helps users to pay directly using BSI tokens or convert them into fiat currencies with the help of Viaje, a business line by BSI.
Vijae can be used in Bali for several services such as renting electric motorbikes, transactions at convenient stores, charging spots for electric vehicles, etc. Apart from creating a global network for customers and service providers, BSI also offers additional advantages such as reducing operational and transactional costs, improving customer experience and transparent business ratings.
Bali Social Integrated is a disruptive platform that is giving the tourism industry a much-required makeover. For more information about Bali Social Integrated, visit https://bsin.io/.
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