Re: [ANN][ICO] GOeureka — Blockchain hotel booking platform

Now a days I am reading about the Blockchain technology, and I really like this technology. there are lots of business fields and/or companies who try to use this technology and in fact they are using. So I want to know that how Blockchain can redefine Online Hotel booking? Is it also helpful for this field?

Adopting Blockchain can significantly eliminate middlemen, increase transparency, flexibility and time-saving. Blockchain can provide an affordable and efficient platform for both hotel and customers. This technology has an ability to benefit the parties by completely omitting the costs of OTA bookings. A Platform that features accountability and transparency would gain the customers trust. Financially this can be fruitful for the hotels as they no longer have to pay for the visibility on any specific site.

And there are multiple advantages of Blockchain Technology: Travelling the Smart Way Connecting to Blockchain is not expensive: Any internet-enabled system can be connected right away with this platform making the network accessible to the smallest participant in the market. It will provide an efficient platform for all small hotels to advertise themselves and get more bookings that are otherwise dependent on phone calls for bookings. All these businesses dont require huge investments, they can be connected to the Blockchain with handy equipment like phones.

Blockchain can also reduce the cost involved in legal paperwork and manual assistance drastically as smart contract offers automation process for documentation. A lot of things are still done manually in small hotels but with automation, they would be able to efficiently manage their bookings. For example, customers may request to book the hotel room temporarily, and then fail to cancel it, leaving the hotel with a profit loss. The collection of unsettled debts is too expensive and labour-intensive for small businesses like independent hotels. With smart contracts, the Blockchain is adding another source of more efficient and legally binding processes to the market. A travel platform can include in their terms and conditions that its smart contracts are binding for all users.

The marketplace will become more reliable: Due to the existence of transparency, customers gain trust and OTAs can no longer cheat them with hiked prices. This hotel ecosystem generates an efficient booking process for both the users and hotels. This can significantly reduce the cost of booking for customers and the hotels wouldnt require to pay commissions to agents.

If we are talking about the world travel industry based on blockchain technology, I must mention the platform GOeureka, which is the first blockchain based hotel booking platform. As a technology partner to hotels, GO aims to provide a dynamic digital experience to users and eradicate the high commission structures imposed by online travel agents. By reducing the financial commitments of hotels to third-party booking platforms, GOs vision is to enable hotels to focus more resources on providing better intrinsic values and services to travellers around the globe.