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2019 Startup Elevate Startups - TechXLR8
Our solution to a global problem. Traxit is an Italian startup that patented a multi-sensor tracking device and the embedded algorithm: the device, as small as a credit card, is capable of tracking checked-in luggage worldwide by sending its localization from inside the luggage in a safe mode. Device is equipped with 4 sensors and a long life low power battery. Fully compliant with all aviation safety regulations. Paired with the device we offer a free app to give the user the options to personalize tracking, buy travel insurance packages and receive immediate compensation: we use a Distributed Ledger technology platform to send money immediately after the claim in the passenger virtual debit card we supply inside every app. We therefore innovate through IoT, Blockchain and Insuretech.
Presently we are testing prototypes in operational environment. Service will be launched in 4Q19 in UK and Italy. Visit our Startup Booth to see the device and the App working.