GOeureka - Providing Intrinsic Value and Services to Tourists Worldwide
The development of the
tourism industry is growing rapidly. Nowadays, most travel companies have
applied technology to work online such as hotel reservations. However, these
technologies are still obsolete. GOeuroka has decided to develop the project,
applying blockchain technology to online hotel reservations. The article below
will analyze the details of this project.
What
is GOeureka ?
GOeureka is a travel
tech company utilising blockchain technology to build a hotel booking platform.
Our mission is to decentralise the hotel booking sector and deliver greater transparency
by allowing hotels to directly connect with their customers. 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,
GO’s vision is to enable hotels to focus more resources on providing better
intrinsic value and services to travellers around the globe.
Booking
& Inventory Platform
The web application
platform will host a booking platform for travellers and a hotel inventory
system for hotels. Travellers will be able to search and book hotels. Hotels
can update room inventory and prices directly or integrate with channel
managers. A majority of hotels manage their inventories using channel managers
as a single point of management, therefore GOeureka will provide necessary APIs
(Application Programming Interface) for integration. GOeureka will also work
directly with major channel managers to automate the integration process for
hotels.
Rebooking
Feature
Travellers will enjoy
automatic post-booking discounts for their stays through GOeureka’s
patent-pending rebooking feature. The GOeureka rebooking algorithm detects when
a hotel rate drops, and automatically re-books an existing booking (qualified
bookings that have not passed and are within valid cancellation policies) at
the lower rate. Travellers will be notified of their discounted stay.
When hotels choose to
drop their rates on the GOeureka platform, they will receive a summary report
on the affected bookings and the total discounts provided by the rate cut. This
will allow hotels to make true informed decisions that are beneficial to
themselves and their guests.
GO
store
The GO store is an
in-app exchange for token holders to purchase GO credits using GO tokens. It is
a safe and fast liquidation option for token holders to convert tokens into
spendable fiat-value credits. Users enjoy discounted products and services on
the GOeureka platform when purchasing with GO credits. GO credits are
fiat-valued in-app credits that allows for instant transactions and off-chain
settlement. Token holders will redeem
GO credits according to the prevailing market rate at time of exchange.
GOeureka will rely on data sources from various exchanges and number of custom
oracles to retrieve the average token price on the market. Users will use the
proxy wallet detailed below to exchange GO tokens for GO credits.
Benefits
of blockchain hotel bookings
Traveling in a Smart
Way - connecting to the Blockchain is inexpensive: any Internet system can be
connected directly to this platform, which makes the network accessible to the
smallest market participants. This will provide an effective platform for all
small hotels to advertise themselves and receive more orders, which otherwise
will depend on telephone calls for bookings. All of these companies do not need
a large investment, they can connect to the Blockchain with the help of
easy-to-use equipment, such as telephones.
Automation reduces
efforts: Blockchain can significantly reduce the cost of legal work and manual
assistance, because smart contracts offer a process of documentation
automation. In small hotels it is still done manually, but with automation they
will be able to manage orders efficiently.
For example, a customer
may request to temporarily book a hotel room, and then not cancel it, leaving
the hotel at a loss. Debt collection is too expensive and time consuming for
small businesses, such as independent hotels. Using smart contracts, Blockchain
adds another source of a more efficient and legally binding process to the
market. The travel platform can be included in the terms and conditions that
the smart contract binds all users.
The market will be more
reliable: because the availability of transparency, customers get trust, and
OTA can no longer cheat them at high prices. This hotel ecosystem creates an
efficient ordering process for users and hotels. This can significantly reduce
booking costs for clients, and at hotels do not have to pay commission to
agents.
For
more information, please visit the link below:
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Author
: AmandaAnirata445
ETH
Address : 0xC9Bf10558F5ee121685B4Bb411C0411Eb3c7f21C
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