Blockchain-based booking platform LockChain.co has announced the Alpha release of its marketplace. The version kicks off with around 600 completely integrated listings already in place. In addition, hosts can list their properties for free and travelers can book accommodations without any commissions. By the end of February 2018, the platform will feature 100,000 hotels, providing accommodation […]
Blockchain-based booking platform LockChain.co has announced the Alpha release of its marketplace. The version kicks off with around 600 completely integrated listings already in place. In addition, hosts can list their properties for free and travelers can book accommodations without any commissions. By the end of February 2018, the platform will feature 100,000 hotels, providing accommodation options worldwide.
Nikola Alexandrov, the CEO of LockChain.co, explains the impetus behind the project:
Booking.com and Airbnb.com charge on average 20% from each booking that is made through their platform. Our plan is to utilize advanced blockchain technology and to cut out any commissions. It is the right of the host to receive the full amount of the money for the investment that they are making, and it is certainly the right of the traveler to be able to pay directly to hosts for their travel experience.
LockChain.co is David to Booking.com and Airbnb’s Goliath. Their innovative booking platform eliminates commissions altogether and directly links clients to hosts through the unique blockchain-based LOC travel engine. The engine utilizes smart contracts to process bookings, which will provide a free-to-use trustless environment that protects both clients and hosts.
Any hotel or …
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