Founded Year: 2018
Principal(s): Juan Antonio Navarro & Mario Ponticelli
Funding: European Commission
Product Description: biztribution proposes a new blockchain-based fully decentralized distribution model for the air travel industry, which leverages many different technologies to create a new revenues customer-centric scenario. biztribution enables stakeholders to recover governance over their content and customers. biztribution reinvents air distribution by avoiding overheads and intermediary costs and allowing more efficient operations in a collaborative and neutral no-middlemen ecosystem shared approach.
Business Model: biztribution solves an oligopoly pain that customers have been seeking since 2005. It is scalable and transitional with customers' current technology, and the SaaS/BaaS distribution model will cut down retail costs and open new revenue streams for our customers. Neither tokens nor cryptocurrencies are used.
Competitors: Well-established GDS players (no willingness to change) and blockchain-powered marketplaces (none of them focus on air travel distribution).
Competitive Edge: biztribution reinvents the industry by creating a new, revolutionary, automated and decentralized distribution model for the travel and tourism ecosystem. Our disruptive, collaborative, shared-model blockchain solution enables companies to regain control over contents, reduce costs and increase revenues.
Market Opportunity: In 2019, the global air distribution market generates to GDSs an annual revenue of almost €7500M. By 2024, our serviceable obtainable market represents a 3.15% of 2018 serviceable addressable market and a 2.93% of total available market. The Covid-19 impact will be an opportunity and not an issue.
Early Customers: N/A