This launch is a critical step toward embedding Web3 technologies into everyday travel, making journeys more secure, effortless, and enriching for travelers worldwide.
ZUG, SWITZERLAND – Sleap.io, the Web3 Hotel Booking Platform, in strategic partnership with Avata, announces the upcoming launch of the world’s first tokenized travel insurance. This initiative stands as a beacon of innovation in the realms of travel and insurance, showcasing the profound impact of decentralization and the pioneering use of blockchain technology.
Unique in its approach, this revolutionary travel insurance product is linked to an Insurance Non-Fungible Token (NFT) rather than to an individual person, embodying a true example of decentralization. This advancement allows the NFT holder unprecedented flexibility, security, and control over their travel insurance, heralding a new era where insurance is more adaptable, secure, and tailored to individual needs.
The development of this novel solution is supported by the Camino Network, a bespoke blockchain designed expressly for the travel industry. Their robust and secure infrastructure is perfectly suited to meet the evolving demands of modern travelers and the travel industry, providing a strong foundation for this innovative insurance product.
The conceptualization and initial discussions regarding the tokenized travel insurance occurred in October, during the Travel Unchained conference held in Mallorca. It was there that Sleap.io and Avata began their collaborative journey, brainstorming the idea that would ultimately lead to the development of this pioneering product.
Michael Ros, CEO and Founder of Sleap.io, commented on the collaboration: “The inception of the world’s first tokenized travel insurance with Avata showcases our unwavering commitment to innovation and the potential of blockchain technology to transform the travel insurance sector. This initiative not only introduces a groundbreaking product to the marketplace but also signals a significant leap forward in the evolution of travel insurance.”
“We’re excited to lead the way in transforming travel insurance by integrating trust, flexibility, and peace of mind with advanced blockchain technology. Our collaboration with Sleap.io marks a significant advancement towards innovating travel insurance. The tokenized travel insurance introduces a new era of adaptability, and user control on Camino Network. This is not just an innovation; it’s a commitment to enhancing travelers’ confidence and convenience, pushing the boundaries of protection in the digital age.” adds Sun Feng Wu, CEO and Founder of Avata.
This collaboration between Sleap.io and Avata emphasizes the transformative potential of blockchain technology in reshaping the travel industry. It envisions a future where travel experiences are enhanced by greater security, personalization, and decentralization, reflecting both companies’ mission to improve the travel experience through technological innovation.
The tokenized travel insurance NFTs will become available in the upcoming months, exclusively through Sleap.io.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
