An upcoming blockchain-based travel booking platform hopes to offer a win-win for vacationers and hoteliers alike. Concierge.io says its NEO-based system would eliminate commission fees for vendors, while allowing them to interact directly with customers.

Hotels and hotel reservation sites

The goal of the company is to remove the middlemen comes in the middle of a battle of their own. intensifying between hotels and third-party booking sites. Reuters recently reported that hosting providers offer aggressive incentives to customers who do not go through middlemen.

This fight rumbled for years. In 2015, a disgruntled hotelier told the Daily Mail that a booking site had "resumed his business" – with commission rates for big players such as Booking.com and Late Rooms ranging between 15 and 25%. Others, like Airbnb, charge fees to both vendors and customers.

According to Concierge.io, these charges are passed on to customers "most of the time" and their removal would entail the cost of a

gaining customer confidence

The new platform plans to make Blockchain accessible to the public by accepting traditional payment methods such as debit and credit cards, as well as cryptocurrencies such as Bitcoin, NEO and Litecoin in the future. While lump-sum payments attracted transaction fees from merchants, start-up executives wrote in their white paper that non-crypto users "will still see significant benefits over established platforms." . "

These benefits could extend beyond the bank balance. Concierge.io argues that its system will offer security through an artificial intelligence-based settlement system, which means that any discrepancy in the reservation or any problem with poor customer service can be resolved without leaving the market. advantageous for sellers and customers – especially when it comes to the eternal question of critics.

At the present time, hard-working companies may see demand decline due to malicious and misleading criticism, while the public has trouble distinguishing between false and real testimonials. In December, a vice-reporter reported flaws in the TripAdvisor system using critics made to turn a fictitious restaurant into an upscale restaurant on the London reservation site.

The Blockchain brings transparency and honesty to the revision system, "which means sellers can not pay for manipulated comments and only genuine customers can leave comments

Anticipation of The growth

Web offers aims to reach over 35. The hotels and resorts are not the only providers that Concierge.io is trying to reach because tour operators and tour operators are also accommodated on its system.

The reliability of the system is still a concern for the suppliers.NeO Blockchain instead of Ethereum because of its scalability.The team behind Concierge.io says that NEO has a proven track record of processing 1,000 transactions per second (GST), with the prospect of 10,000 TPS in the future allowing it to "fight for a strong position on the market.

The second and third quarters of 2018 will see the beta application of Concierge.io and the published web platform, with promotions designed to develop partnerships with major hotels and shopping centers. resort. A first launch in Australia and Southeast Asia is planned for the end of the year, with an expansion in Europe and the Americas scheduled for 2019. For the future, taxi and rental bookings could be available if the market demands it.

All eyes are now on selling CGE chips. The platform says that a whitelist of 10 million chips was sold in the space of three hours, while a pre-sale offer of an additional 10 million was recovered in four and a half hours. The main sale for the remaining $ 45 million is scheduled for March 31.

As Concierge.io prepares for the launch, international consulting firm Deloitte predicts that Blockchain could leave travel agencies with no choice but to change their business models. He said: "The technology behind the cryptocurrency is becoming more than a buzzword in the trip."