Friday, April 20, 2018

Bitmarin-Xenios


Could Blockchain trigger a new era in tourism?

Our era is characterized by dependence on new technologies, which assist us in our daily lives and promise us security in our daily transactions. We are six simple everyday users of crypto-currencies. We want to develop applications for the hundreds of existing crypto-currencies so that their cycle of economy can function in everyday life without intermediaries, decentralized, with the support of the big social networks. Everything will depend on our crypto-communities and their direct involvement in creating a smart and simple application for our Android/iOS mobile phones. The need to create this comes from the complexity of the existing methods, which we are going to innovate on. 

Our team consists of 6 members, the founder Alexandros Athanasopoulos, the advisor Bitmarin, the Android/iOS developer Angelos Staboulis, developer George Georgiou and collaborator Athanasios Vlastaras. The beginning is an important step, so we created our first collaboration with qrMitos, which we used as a pioneering idea for its colored QR reader. It is a clever way of introducing advertising into our campaign to attract funding. It is the second company in the world that managed to create a QR code to appear inside a colored picture.

We believe in equal opportunities for everyone and the tourism sector is promising. We will start by focusing on Greece, leveraging the immediacy and availability of social networks, where the user enters search-parameters and the application finds the best hotel deals. We provide a direct service to the crypto-paying users.

This project is based on research which estimates that the direct contribution of the tourism industry to the Greek economy in the coming decade will be 22 billion euros, reaching 9.6% of GDP in 2027. That forecast is from a report by the World Travel & Tourism Council, on the course of tourism in Greece in the coming years, which outlines the steady ascendancy of tourism since 2013. Accordingly, the Association of Greek Tourist Enterprises, on the "road map" in 2021, has pointed out that with expected investments from the private sector (in 4 and 5-star hotels, on the order of 7 billion euros) and the public sector for the upgrading of tourist infrastructure, the aim is for revenues to reach 20 billion euros and for the number of arriving tourists to reach 35 million.

  Based on superficial research into the number of crypto-currency wallets created in Greece (very few), it has become clear that there is no point in deeper research into the quantities of the various crypto-currencies created, or into any positive effect of that on our community. This is the main reason we aren't considering creating an ICO, and prefer to leverage existing currencies to more easily establish a viable functional service.


Blockchain is a shared public ledger underlying the Bitcoin network. Transactions are chained together in blocks and then hashed (a one-way function for validation), which makes it effectively impossible for hackers to manipulate information. These chains create a permanent and immutable record of payments, providing buyers and sellers with many benefits. As blockchain transactions can't be removed or altered, they provide an accurate, long-term record of a person’s transaction history, as well as other data such as credentials and reputation. Blockchain technology is used by some of the world’s biggest brands. Two parties can exchange payment information directly without counter-party risk, reducing the transaction fees and process transactions often associated with payment transfer, and enabling the transactions to occur at any time of night or day. 

In a vacation rental context, blockchain lets guests check the authenticity of a host, and vice versa. Unlike social media platforms, where negative information can be deleted, blockchain maintains a permanent record of a guests or host’s identity, managing risk and facilitating safety. While no vacation rental company has implemented the technology just yet, we expect big changes in the near future. We intend to create an application which works with the same principles as personal wallets and multi wallets like Coinomi, etc. We believe in the integrity of the blockhain and the benefits it gives us. A simplified, secure payment platform leveraging blockchain technology for airlines, hotels, and rental portals could transform the future of digital identity management.

In order to achieve our goal in constructing this venture we will require substantial initial funding. We will raise those funds in a manner which we expect to be mutually beneficial, not only returning revenue to investors, but also ensuring discounts for users. We intend to provide an investment opportunity which is as interoperable as possible, and where the investors control their own data, so we will use all five of the best-known crypto-currencies (Bitcoin, Ethereum, Ripple, Litecoin, and BitcoinCash). The wallet address of each investor will appear in the transaction history as soon as the transaction has been sent to us and registered in the respective blockchains. Those funds will provide the initial capital for the project. It is intended that, after the project has been running at production level for three years, the initial capital will be returned in addition to a portion of any profit generated until then. We invite all people willing to invest in our idea to reach us via our Linkedin page or the founder's email address (eto17@protonmail.com) for further information. Those who decide to invest should download the application form, terms and conditions, and legal requirements which can be found via the QR code published on our Twitter account. 

We hope our vision is embraced by the community and ultimately achieves universal acceptance and participation.
The Bitmarin-Xenios team.