Here at Nocturus, we are using the power of the blockchain to break open the online travel agency market. Our technology allows hotels to advertise vacancies and the commission they’re willing to pay directly to the blockchain, where anyone can search and make reservations, safely and securely for all parties involved. While we don’t expect your grandmother to start executing our smart contracts on her Blackberry, this does make it easy and cheap for new online travel agencies to get started, because if you can find customers, you can sell rooms. A market with no barriers.
More companies means more competition, and more competition means lower fees. And that’s good for customers and for hotels.
Of course we don’t expect to change the world overnight. We know that will take at least a week. So in the mean time, we’re also building systems to bridge the gap between the blockchain and the current Global Distribution Systems, meaning hotels can offer their rooms on both without worrying about losing revenue on the changeover. Though we’re pretty sure that once they’re used to all that extra money we save them, they’ll make the smart choice.
If you like how we think, why not take a look at our whitepaper? We stuffed more details in there than a Thanksgiving turkey.