Thursday, November 14, 2019
News
NEWS HOME
»
PRN INDIA
Tourcom LLC, Holding Company of Tourcom Blockchain, Signs Strategic Investment Agreement through Equity Acquisition of Travel Information Sharing Service 'Wishbeen'
  SocialTwist Tell-a-Friend  
   

  • Tourcom Blockchain to integrate travel content and user data of Wishbeen for dApp release early next year
  • To create a token ecosystem through the use of TCO (Tourcom Blockchain tokens) by over 500,000 users and to secure a compensation system

SEOUL, South Korea, Oct. 15, 2019 /PRNewswire/ -- Tourcom LLC (CEO Bae Kyun Park), the parent company of Tourcom Blockchain, announced on October, 15th, it had entered into a strategic investment agreement with Wishbeen (CEO Dong-Doo Park), South Korea's largest travel information sharing service platform, through equity acquisition of Wishbeen. The agreement is to develop high-quality travel data, accelerate platform development, and expand the token ecosystem of Tourcom Blockchain, a customized travel platform that combines Blockchain and AI.

Tourcom Blockchain is building a customized travel Blockchain platform for Tourcom, a travel agency with the unprecedented 'travel-now-pay-later' concept. Tourcom Blockchain provides customized travel information and travel packages optimized by artificial intelligence (AI).

Following a partnership with the 'Senior Financial Education Council' and 'Ziktalk' and after joining the 'Luniverse' platform, TCO was listed on the BW Exchange. Later this year, the beta version of Tourcom Blockchain global dApp will be launched at the beginning of next year.

Wishbeen is a 'content commerce service' that shares profit with its users through cash rewards. Its users share on the platform their actual travel experiences on destinations, onsite schedules, and other parts of their travels.

Through this equity acquisition, Tourcom Blockchain will integrate Wishbeen's travel content and user data into the Tourcom Blockchain global dApp. Tourcom, the parent company of Tourcom Blockchain, has accumulated a vast database of travel content over the past 10 years or so and will integrate over 400,000 accounts from Wishbeen, which will be the initial foundation for the Tourcom Blockchain dApp along with Tourcom's own data. In addition, over 410,000 members of Wishbeen will be added to the existing 130,000 TOURCOM members of Tourcom, to secure over 500,000 members for the soon to be launched dApp to pave the way for the Tourcom Blockchain mega project.

Wishbeen's data, which previously has been concentrating on the domestic market, can now be translated into more than 10 languages through the Tourcom Blockchain global platform, enabling further expansion throughout the world. By providing high-quality data to Tourcom Blockchain, Wishbeen seized an opportunity to develop its platform globally. By integrating Wishbeen's travel content to the Tourcom Blockchain dApp, users around the world will be provided with high quality travel content.

Furthermore, by providing TCO rewards to users who write travel reviews on the Wishbeen and Tourcom Blockchain platforms, users on both platforms will be provided with rewards that are secure and transparent, further expanding Tourcom token ecosystem.

Dong-Doo Park, Wishbeen CEO, stated, "Wishbeen is a platform that has grown based on the policy of providing reasonable rewards for providing travel reviews. Through this agreement, our platform can leverage Tourcom platform's tokens and dApp to provide users with secure and transparent rewards. Also, Wishbeen will be able to thrive as a global travel platform through the integration of the contents of the two platforms.

Tourcom Global CEO, Young-Doo Cho, revealed the background of equity acquisition and strategic investment by saying, "Over 400,000 counts of Wishbeen's travel content to be integrated into Tourcom Blockchain's dApp will enhance the level of completion of the dApp to be launched early next year. We believe that securing Wishbeen's existing database will have a huge benefit for Tourcom Blockchain platform when it is ready to provide actual services to the market."

About Tourcom

Tourcom is a travel company operating under the concept of 'Travel-now-pay-later'. Tourcom records over $20 million USD in yearly sales, employs over 1,400 sales personnel, and has over 130,000 existing members.

About Tourcom Blockchain

Tourcom Blockchain is a Blockchain project operated by 'Tourcom Global', which is based in Singapore. It utilizes its mother company (Tourcom)'s wealth of experience, network, and vast amount of database. Tourcom Blockchain aims to create an innovative travel platform for independent travelers integrating Blockchain and AI.

About Wishbeen

Wishbeen is a travel plan sharing service. It provides innovative services which enable users to create, share, improve, and store their travel plans. Also, travel writers who write high-quality travel content can be compensated on the platform.

More News by PR Newswire India

GRAX Releases Data Enrichment Hub for Salesforce.com

Publicis Sapient Named a Leader among Global Digital Experience Agencies

WATEC 2019 - The Start-Up Nation Is Coming Together for Water

Tukatech Launches "TUKATALKS" Podcast Featuring Fashion Industry Experts

Hexagon Peak and Huawei Sign 200 MW Cooperation Agreement for Vietnam Solar Market

Dr. Batra's - Protect Children With the Gift of Homeopathy

Walmart Canada and DLT Labs™ launch world's largest full production blockchain solution for industrial application

deAsra Launches the 'Homepreneur Resource Center'

FICCI Medical Travel Value Awards 2019 Given to 25 Hospitals & Healthcare Service Providers

70% of Large Indian Firms Use Analytics: Study by Analytics India Magazine & SAS

Global Technology Forerunner Amtex Wins the "CII Connect 2019 Award" for Exemplary Application of Technology

Hemp Against Eczema: Hemp Horizons Shows the Way for a 'Side-effect Free' Treatment

USDT-Margined Futures Live on OKEx

Artificial Sweeteners, an Alternative to the Sumptuous Silent Killer - Sugar

This Children's Day, Lil'Goodness Urges Millennial Moms to Inculcate Good and Healthy Eating Habits for Their Kids

Airbiquity Named 2019 Telematics Solution Provider of the Year by Mobile Breakthrough Awards

Promoting the Internationalization of Jiangsu Tourism, the Offline Activity Jiangsu "Lucky Dog" Ended Successfully

Saksoft H1FY20 Revenue at Rs. 178.39 Crs, a Growth of 3.9% Y-o-Y

10by10 Studio's Innovative Ideas Recognized by Smart Cities Council India

Anonos Keynote Speech on Lawful Data Monetization in the GDPR Era

AntWorks partners with SEED Group to drive adoption of Artificial Intelligence in the GCC

Exiger Wins Highly Commended for AML/CTF Compliance Capabilities

International Diabetes Federation: Latest Figures Show 463 Million People Now Living With Diabetes Worldwide as Numbers Continue to Rise

IT Minister of Telangana, KT Ramarao to Flagoff India's Biggest Festival 'IndiaJoy' for Gaming, Animation, VFX Media and Entertainment in Hyderabad

10T Tech and Hanhaa XG Enter into 3 Year Consumer eSIM Agreement

Ascensia Diabetes Care Celebrates the Important Role Families Play in Supporting People With Diabetes on World Diabetes Day 2019

International Peacemaker Professor Padraig O'Malley Receives Prestigious Henley & Partners Global Citizen Award

Higher Adoption of Emerging Technologies in Commercial Vehicles Stoke OEM Collaborations with Technology Developers

Chubb appoints Jason Keen as Division President, Chubb Global Markets

Adyen Launches Card Issuing Offering

NordVPN Officially Launches Its File Encryption Tool NordLocker

Innovative Term Product From ICICI Prudential Life Offers Life Cover to Individuals With Health Conditions

Industry Should Set Up Online Portal to Facilitate International Patients - Commerce Secretary

Sales Performance International Announces New Major Account Planning for Salesforce

Tradewind Announces $2.5 Million Credit Facility for Sustainable Homewares Company based in China and the USA

Introducing Maxima and Maxime, new premium fragrances to step up fragrance category

Queen's University Belfast Affirms Their Focus on Employability for Indian Students at Experience Queen's Event in Bangalore

Marketing analytics firms Marketscience Consulting and Truesight Consulting merge to deliver more unified and advanced client solutions

People Were Willing to Cooperate in Ayodhya Matter, Says Sri Sri in his EU Address

Nucleus Software Appoints Prakash Purushottam Pai as Chief Evangelist Officer

Prime Minister of the Republic of Singapore Intrigued by WeBank's Fintech-powered Services at SFF x SWITCH

Vakrangee Q2FY2019-20 Financial Results

Mumbai-based Artists 'Hari & Deepti' Revealed as the Next Four Seasons Envoys: Paper and Light Tell Their Story

Suning Sets New Singles' Day Record with Omni-Channel Orders Increasing by 76%

Indian Top Artist in Ketterer Kunst Auction in Germany

Bright Pattern Recognized for Highest ROI and Fastest Time to Deploy of All CCaaS Providers

Bloom Hotel Group bets Aggressively on Gujarat

'What Is Love?' - Burberry Reveals Festive Campaign

IIHM Young Chef Olympiad 2020 Launched at House of Lords, London

Chemetall completes expansion of its production site in Langelsheim, Germany

Gizmobaba, the Crossborder Social eCommerce Platform Gets Shortlisted for 3rd Startup India Investment Summit in China

International Gas Union Reaction to the IEA World Energy Outlook 2019

AI-Driven Health Benefits Platform ekincare Raises USD 3.6M

Wi-Fi Now Awards TalkTalk and ASSIA with "Best In-home Wi-Fi Product"

Enterprise AI Market in India is Heading Towards a Wider Adoption, Says New Study by Analytics India Magazine & BRIDGEi2i

Asia's Fastest Growing Cloud Telephony Platform, Exotel, Will Close the Year at Rs. 120 Crores

CreativeSprout's Assimilate to Organize India's First Health Marketing Summit in New Delhi

Megha Gas: An Extraordinary Beginning: Building Gas Infrastructure Aggressively for a Green Future

CIIE 2019: Yili Establishes Dairy Industry's First Sustainable International Supply Chain Network

Derana TV Selects LiveU Technology for its Entire Newsgathering Operations

Pennar Industries Reports 85% y-o-y Increase in Q2 FY2020 Consolidated PAT After Minority Interest at INR 23.5 Crore

Punjabi is the Fastest Growing Spoken Language in Australia: Australian High Commissioner Harinder Sidhu

Over 1,000sqm of Absen LED Used at GITEX 2019

INNOPIA launches Netflix-integrated Hailstorm Hybrid program in partnership with Amlogic and Verimatrix

INNOPIA becomes the first Korean ODM partner of Hailstorm Hybrid program, together with Synaptics and NAGRA

Isotropic Systems Completes Bi-Directional Over-the-Air Satellite Tests

Flexera Applauded by Frost & Sullivan for Being a Leader in Software-Enforced Software Licensing

The French Tennis Federation (FFT) selects Wilson Sporting Goods as an Official Partner of Roland-Garros and of the FFT

TRACE Releases 2019 Bribery Risk Matrix, Launches Bribery Risk Typology

Zeus Unveils High-Ratio FluoroPEELZ® Clear Peelable Heat Shrink

Tealium Launches Private Cloud to Help Organizations Maintain Unparalleled Data Security in the Cloud

Silicon Wafer Area Shipments Fall for Fourth Consecutive Quarter

World Intellectual Property Report 2019 - Local Hotspots, Global Networks: Innovative Activity Is Increasingly Collaborative and International

Fresh Hops Sent to Korea For Brewing in Just One Day

Cloudleaf Commended by Frost & Sullivan for Transforming Supply Chain Visibility and Redefining the Way Enterprises Work

Allscripts Awarded the 2019 US Company of the Year Award for its Advanced RCM Services

Ascom Commended by Frost & Sullivan for Dominating the Enterprise Wireless Phone Market with 20 Percent of the Shipment Share

Eastman collaborates with NB Coatings to offer sustainable automotive plastic

Parallel Wireless Helps to Deliver on MTN's OpenRAN Vision across Africa

Godrej Locks to Commemorate 3rd Home Safety Day on 15th November

Siklu Announces the Terragraph Product Family

Merck Licenses CRISPR Gene-Editing Technology to Evotec

Global urology leader Advanced MedTech co-leads SonoMotion's US$10 million Series B fundraising

PeopleStrong Appoints Ex-Aon Hewitt CEO Sandeep Chaudhary as President

Neurovalens Unveils Modius SLEEP, a Genius Next-Gen Device Powered by Neuroscience to Optimize Sleep Health and Address the Global Sleep Crisis, Without Medication

Quectel Opens R&D Center in Belgrade to Expand Global Presence

Appointment of Deepak Malhotra as a Director on Azure Power Global's Board

FreedomPay Announces An Agreement With Marriott International For Commerce Technology Innovation

Xinhua Silk Road: Wetland city Changde hosts international marathon event

Xinhua Silk Road: NE China's Heilongjiang launches winter tourism roadshow in Beijing

Volkswagen Joins SEMI; Membership to Advance Automotive Electronics

A Call to Action on Advancing Cyberstability: Global Commission (GCSC) Launches Final Report

MSI Unveils the Complete Product Line up of the New 'Content Creation' Series in India

UST Global Acquires Contineo Health, a Leading Healthcare Technology Consulting Firm Specializing in EHR Optimization

Seclore and Safetica Join Forces to Automatically Detect, Protect and Track Sensitive Information the Last Mile

GCPL's BBLUNT Re-energizes Growth With a Keen Eye on E-commerce and New Innovations in Their Hair Care and Styling Range

Xinhua Silk Road: Chery's engine listed among China's top ten engines for 2019

New World Gold Council Survey Highlights Substantial Opportunities for Gold

ThoughtWorks Honored With Excellence in Gender Inclusivity Award by NASSCOM

2019 World Sensors Summit Unveiled - Zhengzhou Embraces Whole World

Vymo Wins Aditya Birla's Bizlabs Fintech Award for Mobile-first Personal Sales Assistant

SummitAI Sierra Brings Enhanced AI Capabilities to Flagship ITSM Solution

Xinhua Silk Road: Sensor industry projects flock to settle in Zhengzhou, C. China

Statement: Vision Impact Institute Supports Women in Japan Demanding Rights to Wear Glasses at Work

WeBank's Henry Ma on Digital Banks: Promote Financial Inclusion and Achieve a Sustainable Business

Teleperformance in India Recognised as Best Employer 2019

Habanos, S.A. Presents Its World Preview of the Romeo y Julieta Maravillas 8, an Exclusive Edition to Celebrate the Chinese New Year

Hitachi Chief Revenue Officer to Share Winning Digital Strategies at the Sales Team Accelerator Retreat: A Frost & Sullivan Executive MindXchange

Prepare Your Business for the Workplace of 2025: Top Trends Impacting Latin America

ATAI Life Sciences and Cyclica launch joint venture to revolutionize drug development for mental health disorders

Ribbon Deploys Colt Japan's Emergency Calling Service

The Second China International Import Expo concludes successful run

The Fifth Edition of Solaris - IIM Udaipur's Annual Management Fest Concludes on High Note

Embassy Office Parks REIT Announces Second Quarter FY 2019-20 Results; Reports Another Strong Quarter of Leasing and a Quarterly Distribution of Rs. 4,630 Million

Admissions 2020-21 Open at India's First Design University

'Right To Protein' Health Campaign Launched to Create Awareness About the Importance of Proteins in an Indian Diet

Jaquar Group's Mehra Family Joins the Forbes List of top 100 Billionaires of India

Jana Small Finance Bank Raises Rs 225 Crores Capital

2019 World Sensors Summit and Expo Held in Zhengzhou, China

Global Modular and Prefabricated Building Market Set for Robust CAGR of 6.3% from 2018 to 2025

TATA Projects Builds 1000-bed Hospital

Swascan Collaborates With Video Conferencing Provider to Proactively Address Software Vulnerability

Kavalan's Latest Bottle Features a Studded Crown Fit For a King

CreditMantri Wins the Prestigious Jason J. Spindler 'Big Data for Impact' Award and the Alphamundi Foundation Impact Finance Awards at UNDP-SDG Finance Geneva Summit in Oct, 2019

Executive Education Programs from Michigan State University Coming to India

We Lose 11 Years on Smart Devices: Singapore health tech company calculates the cost of screen time with this revolutionary tool

SK-II ARTIST SERIES: POWER OF PITERA

Indian Neo Banks are Democratising ERP and Financial Services for Underserved SMBs - Ezo Banks

JA Solar Supplies High-efficiency PERC Modules for a 32MW Solar-Plus-Storage Project in Hokkaido

SpeakIn Finds its Latest Investor in Aditya Ghosh, CEO South Asia OYO

The Opening Of Grand Final UniPin SEACA 2019

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Bihar CM Nitish Kumar pays tribute to ma...
Raking up such issues for political gain...
Court convicts 46 in Yanam factory rioti...
Indo-France joint military Exercise Shak...
Token seat not acceptable this time: Chi...
Chidambaram's judicial custody extended ...
More...    
 
 Top Stories
Sexually aggressive people watch po... 
Federer talks about retirement befo... 
If there is no football, I have to ... 
'You wanted Zlatan, I gave you Zlat... 
Don't give up on stopping Brexit: E... 
Venice flooded by highest tide in m... 
Israel-Gaza 'ceasefire begins' afte... 
MHA yet to convince states, UTs on ...