STARTUP STAGE: Clear Chain Travel wants to reimagine distribution through blockchain and AI

Clear Chain Travel

Clear Chain Travel is bringing blockchain principles and AI-driven robotic processes to the groups and meetings space to improve transparency, drive efficiency and save costs.

A further element to the business is to provide distribution options to small hotels and local tours and activities supplies.

Describe both the business and technology aspects of your startup.

Clear Chain’s business model is comprised of three revenue-generating areas: bespoke IT development, licensing of standard IT services, and a consulting practice. The technology aspect applies artificial intelligence-driven robotic process automation (RPA) to our clients’ workflows and optimizes those automated workflows via smart contracts and other blockchain principles, saving clients money and time, allowing them to invest in growth and enter new markets.

Company

Clear Chain Travel

Website

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What inspired you to create this company?

The founders’ frustration with the status quo in travel technology, specifically the evolution of the industry to being controlled by a small handful of global companies, which has driven up costs for small and medium sized businesses to compete and thrive while suppressing the emergence of viable new entrant technologies.

Give us your SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis of the company.

  • Strengths – Clear Chain’s founders’ experience in travel and distribution technology; the application of RPA, blockchain and distributed ledger technology to costly everyday processes;
  • Weaknesses – An unclear path to widespread development and adoption of blockchain tech; the bad reputation of blockchain as a result of cryptocurrencies; resource constraints and need for additional funding to staff up and scale the business after bootstrapping for 10 months.
  • Opportunities – The fragmented market for and limited adoption of new technology for meetings and groups; huge untapped…

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