Changing the Game: TrustaBit Takes Over Delayed Flight Payments With Blockchain

By CultureBanx Team

Like many of us founder Saritta Hines knows all to well know how flight delays work and the problems associated with them, but realized blockchain hadn’t taken over the aviation sector like fintech. She knew exactly where to focus her attention and launched TrustaBit, they sell flight disruption software to notify airline passengers of flight delays and changes traditional boarding passes to digital documents with smart contracts via blockchain. Through compensation vouchers, miles or money, TrustaBit is able to turn a stressful travel event into a lucrative one in a fraction of the time it would take an airport agent. The company’s enterprise blockchain solution is focused on airline carriers in Europe. “We figure out how we can keep the European carriers compliant,” Hines said. This problem can typically be very costly for airlines. Hines noted that the flight disruption ecosystem is estimated to be worth $60 billion per year and the “sales process in this industry is 12-18 months.” TrustaBit currently has partnerships with ATPCO, which helps it get pricing data from airlines.

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Changing the Game: LoanWell’s Kickstarter Approach for Personal Loans

By CultureBanx Team

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After LoanWell founder Bernard Worthy attended a coding bootcamp financed through a high interest rate consumer loan, he sought out to change what access to affordable capital can look like in the U.S. His platform is similar to Kickstarter or GoFundMe but for loans, and makes it easy to borrow and lend with people in your community. The borrowers create the terms for the loan as an exchange of trust. “It’s less of a perceived risk because our technology keeps all of the community loans on track,” said Worthy. He believes the old taboo of not lending family members money is just wrong, and instead thinks you shouldn’t do informal lending agreements with family. “We believe there’s great wealth building and transformative opportunities when folks are given access to affordable capital.” LoanWell has helped to facilitate more than $500,000 in loans.

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Changing the Game: OneKin Channels Etsy For Diverse Sellers

Changing the Game: OneKin Channels Etsy For Diverse Sellers

By CultureBanx Team

When OneKin founder Marvin Francois realized there was a bigger need for economic empowerment for disenfranchised people, he launched OneKin. It’s an e-commerce curated marketplace with retailers exclusively of color. In the crowded online retail marketplace, when Francois described what was missing from the space he “knew we needed to create a product for small businesses led by people of color.”

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Changing the Game: Bandwagon’s Blockchain Approach For Live Events

By CultureBanx Team

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As a sports fan growing up Bandwagon founder, Harold Hughes realized being in a venue brought people together from different socio-economic status. He launched his blockchain-based ticket authenticity and fan identity management company to help event organizers connect with people directly. “Fans were using dozens of ticket marketplaces, so we decided to become a B2B marketplace to help organizers make the gameday experience even better,” said Hughes. The data and analytics company helps sports teams, festivals and event organizers know who’s actually there on the day of events in real time. He noted that it’s thought around $2.3 billion is spent each year on fake ticket sales.

Basically organizers only knew the first person who bought the ticket and many times that may not be the same person who shows up to the event. “We use blockchain to update the transaction information when a ticket is sold.” They are also able to verify whether a ticket is real and authentic with this technology, effectively getting rid of fraud in the industry. With blockchain Bandwagon’s solution allows teams, ticket companies, and brands to know who’s at there event to deliver a better valuable fan experience.

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Changing the Game: Fangage Digitizes Sports Photo Signings

Changing the Game: Fangage Digitizes Sports Photo Signings

By CultureBanx Team

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As a former college athlete Josh Bryant along with co-founder Emmanuel Sanders of the Denver Broncos, had a clear understanding of the way fans best connected with athletes through digital engagement, so they launched Fangage. It’s a platform that allows fans to upload personal photos to their favorite celebrities and receive a signed digital copy back. “People are taking more pictures at sporting events and are more interested in getting their personal pics signed rather than a stock photo,” said Bryant. The intrinsic value lies with celebrities signing the photos live on Fangage’s social media platforms. “People purchase our product because of the sentimental value it provides not the resale value.” They have 35,000 registered users for their B2C model where consumers are charged per picture upload.

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