GOEUREKA (NEXT-GEN SOLUTION, CREATING THE FUTURE OF ONLINE HOTEL RESERVATIONS)

Introduction

GOeureka is an online booking platform that leverages blockchain technology to tackle current issues in the travel industry such as high commission structures imposed by online travel agencies (OTAs) and the fragmented loyalty programmes within the hotel industry. The platform is a partially decentralised web and app platform to provide travellers and hotels direct access to communicate with each other.

GOeureka’s technical roadmap presents plans for a fully decentralized platform, as well as a loyalty network blockchain to facilitate interoperable loyalty points across the travel industry and possibly across the retail industry. This technical whitepaper outlines the technology behind the platform and the data that will be processed off-chain and on-chain.

Platform Overview

GOeureka aims to develop an easy to use, reliable Facility and Services booking system with persistent indisputable records. As with all new systems, much of what is proposed will evolve over time as requirements change. The web platform will be developed with a backend built on the Python Django framework while individual components will be built using a mix of programming languages (HTML, CSS, Javascript, Golang, etc.) and the mobile application built on the Ionic framework. The database will be a PostgreSQL database that runs on a cloud server (Amazon Web Service) with certain data validated and stored on the Ethereum blockchain. Smart contracts will be ERC20 compliant (though newer standards may be applied after the time of writing) and customized using Solidity.

ERC20 smart contracts will be utilized for the security and immutability of data throughout the platform. To increase performance and keep transaction fees to a minimum, individual transactions and bookings will be kept outside of the blockchain. The settlement of all transactions will occur off-chain and fulfilled transactions will be aggregated each day and sent through the smart contract to be validated and stored on the blockchain.

It is a key goal that the GOeureka platform provides for widespread usage, therefore utmost priority will be given to platform performance, user interface and experience. Majority of the system will be built in off-chain components but critical information will be stored in persistent smart contracts. The critical factors addressed are:

● The design of a secure mobile wallet that the average user feels comfortable using and is recoverable by the same user in the event of a lost device.

● The GO token which can be held, spent or traded.

● The GO credits which offers preferential rates when purchasing products and services. An exchange allowing the purchase of GO credits in exchange for GO tokens

● A management system to allow booking and recording of scarce, non-fungible resources (e.g. room-nights). Making this booking comes from:

○ payment of deposit in GO credits (automatic)

○ acknowledgement by the payment facilities during deposit through classic methods

● A booking and payment system for less scarce resources - e.g. spa sessions, meals, activities etc.

Web Application Platform

Booking & Inventory Platform

The web application platform will host a booking platform for tourists and hotel inventory systems for hotels. Travelers will be able to search and book hotels. Hotels can update room and price inventory directly or integrate with channel managers.

Proxy Wallet

One of the main problems that are usually encountered when designing a blockchain system for mass adoption is handling the user's wallet. While hardware wallets like Nano Ledger or plug-ins like Metamask can expect users to use recovery phrases, general users may not be happy with the solution.

They intend to use the so-called proxy wallet for all Ether transactions:

v Users will get proof of identity when registering for GOeureka

v Cryptographic key pairs are created on the user's device and never leave the device

v The right smart contract called "proxy wallet" will be created on the blockchain

v The user distributes all transactions through a proxy wallet related to the user's identity

v Proxy wallet allows users to interact with all parts of the GOeureka system

v When cellphone registration is lost, GOeureka can, through a rigorous process, assign an account identity and assign a new address to that person to become the new controller of the proxy wallet.

Payment process

v Process fees are charged by crypto payment service providers.

v Transaction costs increase due to blockchain congestion.

v Transaction speed for on-chain settlement.

v Interface customization and payment protocol.

Dashboard Service & CMS

Hotels will have access to the service dashboard and content management system (CMS) that interact with the GOeureka mobile application.

v Revamping

v Concierge services

v Direct chat

v Service room

v Event

GO Token

GO Token is a digital token or virtual currency designed to facilitate transactions on the GO platform for the purchase of night rooms, hotel services, and other internal processes and payments in the GO infrastructure. Token GO is given to the initial investor during the sale of the ICO token and can be traded on the exchange in the future or spent on the GO platform.

Token Details

Summary

Thus, the GOeureka project directly connects hotels and tourists. Working without intermediaries positively affects each party. The hotel receives additional sales channels, and users - a complete list of existing hotels with favorable booking conditions.

GOeureka creators conduct ICOs to raise funds for marketing companies (65%) and pay current fees. This project was launched at the end of 2017. Currently, active testing of the beta version of the platform is in process, and as soon as it is successfully completed, GOeureka products will enter the market. By 2020, GOeureka will be available in full functionality, including a multi-currency payment system.

GO has spent the past 12 months working on the beta version of its platform, consulting blockchain technology experts in the token model as preparation for the initial coin offer. To effectively match existing OTAs, US $ 60 million is needed to scale the platform and substantially increase our gross orders over the next 3 years.

Expedia figures show high-potential segments for fast revenue growth. For example, Expedia made gross orders of more than US $ 70 billion in 2016 against its operating costs (for example, marketing, salaries) at almost US $ 7 billion.10