Blockchain Daily News - DLT, token, ICO, crowdsale journal
Blockchain Dail Blockchain Dail

Blockchain Daily News - DLT, token, ICO, crowdsale journal

 
              

Blockchain: Webjet and Microsoft aim to transform hotel bookings


The solution has the potential to change the way online payments are processed and managed for hotel bookings.






Globally, hotel room wholesaling is a $100 billion industry, with more than a million transactions taking place every day. A single hotel stay could involve five or more transactions, however the sheer volume of bookings passed through the distribution chain is prone to numerous data discrepancies.

“Between five and 10 percent of bookings can be impacted, or in other words, up to $10 billion dollars worth of transactions,” said managing director of Webjet, John Guscic.

Together with Microsoft, Webjet has been exploring blockchain as a way to improve the wholesale hotel environment and better manage online payments. In Australia blockchain technology is slowly entering more industries, branching out from fintech and crypto-currencies.

Initially Webjet were looking to use blockchain PoC to boost efficiencies in its own supply chain, however when it saw the potential it had to change the entire travel industry it decided to work with Microsoft to start building smart contracts.

“We realised facilitating bookings in the travel industry through blockchain could become an additional business we could enter in the future, and the same technology could also help solve problem outside the travel industry. Undoubtedly, the blockchain technology built with Microsoft is an exciting opportunity for us over the next few years,” said Guscic.

Since 2004, Webjet has fostered a relationship with Microsoft, with both working on growing infinitely scalable technology platforms.

Microsoft Azure CEO, Mark Russinovich said, “By working with Webjet to use our digital platform, together we have created an innovative blockchain solution in Australia that has the potential to not only transform the travel industry but many other industries as well.”

Les médias du groupe Finyear

Lisez gratuitement :

BLOCKCHAIN DAILY NEWS

Le quotidien Blockchain Daily News :
- Blockchain Daily News

Sa newsletter quotidienne :
- Blockchain Daily News Newsletter
Recevez chaque matin par mail la newsletter Blockchain daily News, une sélection quotidienne des meilleures infos et expertises en Blockchain révolution.

Sa lettre mensuelle digitale :
- The Chief Blockchain Officer


FINYEAR

Le quotidien Finyear :
- Finyear Quotidien

Sa newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation & Digital transformation.

Ses 5 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The Chief FinTech Officer
- The Chief Digital Officer

Finyear magazine trimestriel digital :
- Finyear Magazine

Un seul formulaire d'abonnement pour choisir de recevoir un ou plusieurs médias Finyear

Tuesday, November 8th 2016
Rate it


New comment:

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

More on Blockchain Daily News




Recevez la newsletter quotidienne


Cryptocurrencies


Lettre mensuelle


Conferences


Liens utiles


Actus Nasdaq