A nightmare scenario for any hotel manager or a tour operator is the double-booking or mishandled reservation. A well-trained staff is more likely to prevent booking errors, but every now and then, one might slip through .since the booking agents don’t see the live inventory, they accidentally small ones, cannot actually process credit card and sold. Furthermore , for hostels and tour operators, especially small ones, can’t actually process credit cards and there’s nothing they can do when guests just don’t show up or cancel at the last moment-this is a lost business opportunity resulting in the loss of revenue.
A block chain centric travels reservation system eliminate the problem of double booking of the same item is is a hotel room or flight seata or any other commodity that is reserved on travel plans. Being decentralized yet concurrent to all stakeholders at the same time, a block chain booking solution allows customers cross geographies access real time to book inventory content on travel portals uniformly but eliminate the problem of double booking making the entire experience hassles free for travel companies and customers. It also eliminates deliberate attempts to book rooms or seats illegally as a potential hacker will have to hack into all the stakeholder nodes of the block chain solution to gain control which is virtually impossible.
For most corporate travel companies and portals that have agreements with large organization for their employee travel needs. There is an irreplaceable need for traveler information to be used in various situations like Visa Approvals, Accommodation and travel arrangements, itinerary preparation s, Reservation for events and much more.
A block chain centric traveler profile system enable organization to share their employee details without fear. The information that resides in the system can be granted access to by employees themselves to travels partners who would then use only the designated information for necessary official purposes. And every time an access is made, the transaction is record in the system and fully auditable.
Secure employee information exchange system
Conventional loyalty and reward programs are not realizing its full potential due to several factors like inactive of the customer account. Low redemption rates, time delay in delivering rewards and points, high transaction cost, high customer acquisition costs and low client retention etc.
Block chain as a trustless distributed ledger allows loyalty reward program providers, Administrators, system managers, customer, etc. to intersect and interact with one system without intermediaries and without compromising privacy or competitiveness. This solution optimizes the execution and administration of reward programs with near real time transparency, resulting in cost savings.
In this blockchain based loyalty program, on initiation of a loyalty transaction such as the issuance , redemption, or exchange of a reward the system creates a computer-generated loyalty tokens unique identifiers can be update on each participant’s ledge and made available across the network. Several online protocol rules govern the way points behind these tokens function.
Moreover, the system can be connected to social media and digital wallets and can interact with loyalty rewards program platforms through Smart Contracts to provide hassle free of loyalty points.
With this solution, the customer experience would be greatly improved. Consider Bob, When he booked a hotel room with a credit card, the hotel and credit card provider could immediately transfer loyalty reward tokens to his
Block chain is getting popular each day and more people are getting hands on with cryptocurrencies like bitocoin, Ethereum etc. An easy to integrate ,easy to use cryptocurrency wallet would enable retailers to accept cryptocurrencies from their customers to do more sales.
A crypto currency wallet is a secure digital wallet used to store ,send and receive digital currency like bitcoin.there are several types of wallet that provide different ways to store and access digital currency .