GTE pay · Preface GTEPAY preface

GTE pay - a global borderless tourism ecosystem based on blockchain technology. GTE pay provides a borderless tourism ecological operation scheme for the global tourism field by using the blockchain Technology: with the help of the characteristics of the blockchain technology, such as decentralization, trustworthiness, reliable data, and non tamperability, GTE pay provides a series of feasible industrial development bottlenecks, such as lack of information, information asymmetry, platform redundancy, etc., in the context of the Internet in the tourism industry at this stage Solution. GTE pay application ecology is committed to integrating products and service providers (such as technology research and development, solutions, daily network security maintenance, etc.) and demanders in the global business field, realizing technology integration and breakthrough, model innovation and landing, seamless connection of service supply and demand, and free, open, equal, self recycling and self-development within the state. GTE pay takes global tourism as its entry point, and builds a borderless tourism business ecosystem and application solution platform based on the world's top blockchain technology. GTE pay will adhere to the concept of "blockchain sharing · borderless tourism", integrate industry service providers and global tourism user resources, jointly promote the actual implementation of blockchain technology in tourism scenes, and jointly build a more efficient and self driving digital borderless tourism ecosystem.

GTE PAY · Current situation of global tourism industry Current situation of global tourism industry

In the past decade, although the global economic growth rate has been declining slowly, the total number of tourists and the total tourism revenue have maintained a relatively high growth rate, which has become an important driving force for the global economic recovery. In 2016, the total number of global tourists exceeded 10 billion for the first time, reaching 10.5 billion, a year-on-year increase of 4.8%, which is 1.4 times the size of the global population; the total global tourism revenue reached 5.17 trillion US dollars, a year-on-year increase of 3.6%, which is equivalent to 7.0% of the global GDP; the growth rate of the total number of global tourists and the total tourism revenue is significantly higher than the growth rate of the global GDP. In 2017, the total number of global tourists and global tourism revenue increased by 7.5% and 4.2% respectively, reaching 11.3 billion and 5.39 trillion US dollars (equivalent to 6.7% of global GDP). According to the latest statistics of the International Monetary Fund and the world bank, global GDP growth in 2017 was 3.4% and 2.8% respectively. Obviously, the growth rate of global tourism economy continues to be ahead of that of global economy. On the basis of global prosperity and trade, exploration of new culture and exchange of ideas, cross-border travel has driven the development of global economy.

GTE PAY · Industry pain spot
Industry pain spot A series of industry pain points in traditional tourism, such as complicated user identity authentication for many times, user sensitive information disclosure, relative monopoly of tourism services, high prices, uneven service quality of tourism service providers, and hard to trace complaints, have seriously affected the user experience, as well as the healthy and sustainable development of the whole tourism industry. A survey shows that more than 70% of tourists prefer to book online. However, the complaint rate of most online tourism service platforms remains high all the year round, that is to say, while the demand for tourism is rising, the satisfaction of tourists is declining. This is caused by unequal information. On the one hand, there is a deviation in tourism industry information between different countries. On the other hand, most online tourism service platforms themselves can not ensure the credit value and service quality of their service providers and suppliers in different regions. As a result, tourists pay the transaction price for the unequal information.
“GTE PAY Global tourism ecological payment”
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