Introduction
The emergence of online travels agencies (OTAs) perfectly demonstartes the value of leveraging new technologies to dsirupt existing industries. OTAs have an undeniable advantage over an individuals hotel's demand for low prices and options by aggregating their room inventory drom different hotel groups and partners. Today OTAs are growing and generating higher revenues than ever before and this has had a direct impact on the hotel industry.
Consumers and OTAs are raping the benefits of this business model; however, traditional institution that are slow to adapt digitally or resist the growth of OTAs risk being behind. Increasingly, we are seeing the industry move toward a situation where the business of providing goods or services is significantly less profitable than a business intermediating its sale.
Traditional travel institution need to evolve to keep up with consumer demands for options and convenience if they want to avoid being over shadowed by OTAs also expand into the loyalty program market and offer higher value to consumers, hotels stand to lose an even larger potion of brand control if no action is taken
The GOeureka (GO) platforms leverages blockchain technology to position itself as an unbiased and transparent technology partner to hotels, transforming traditional loyalty systems and delevering increasing value to all hotels and their customer. GO aims to reate a new symbiosis where hotels maintain control over their brand while unlocking unprecedent value for consumers on its platform.
To achieve these goals, GO plans ti introduce the following capabilities on its platform:
GO's vision for the future of the travel indsutry is a supportive online ecosystems where all businesses are allowed the opportunity to thrive and benfit from providing the best goods or services to travelers.
As a technology partner to hotels, GO intends to provide a straighforward web and app experience to users without the high comissions structures imposed by current OTAs. By reducing the financial commitments of hotels to thisr-party booking platforms, GO will enable hotels to focus more and customers services.
To achieve these goals, GO plans ti introduce the following capabilities on its platform:
GO's vision for the future of the travel indsutry is a supportive online ecosystems where all businesses are allowed the opportunity to thrive and benfit from providing the best goods or services to travelers.
As a technology partner to hotels, GO intends to provide a straighforward web and app experience to users without the high comissions structures imposed by current OTAs. By reducing the financial commitments of hotels to thisr-party booking platforms, GO will enable hotels to focus more and customers services.
PRODUCT OVERVIEW
The GO platform includes the following:
- Website with booking and payment funcionities
- Mobile application for customer and hotels to communicatedurectly with each other
- A centralized database and server to store Personal Identity information (PII), customer bboking details, and data from hotels
- Utilize Ethereum blockchain and smart contract to generate decentralized GO Tokens and execute payout requests
GO will store the PII, customer booking details, and hotels data off-chain to avoid pusing up network transaction fees and ensuring the immediate execution of user activity. GO will look to move its platform on-chain in the future, with the introduction of new blockchain technology that allow instant executiion at minimal to no cost.
BLOCKCHAIN AND SMART CONTRACT
All transaction on the App will oprate on GO's smart contract acts as a communication layer between the platform and the blockchain. All transaction data will be sent to the smart contract to execute its terms, and the transaction will be stored in the blockchain. This removes the need for a middleman and facilities lower transction cost throughout the platform.
The GO platform utilizes theb widely-used Ethereum blockchain. Ethereum smart contract provide multiple language implementations that will facilitate integration. An audit of all transaction on the platform will be kept on the blockchain each time the smart contract is executed.
GO TOKEN
The GO Token is a digital token or virtual currency dsignedd to facilitate transaction on the GO platform for the purchase of room nights, hotels services, and other internal process and payments within the GO infrastructure.
GO Tokens are awarded to intial contribution during the token sale and may ne traded on exchanges in the future or spent on the GO platform.
GO Token Economy
GO will provide a 5%-15% savings on all GO Token rdemption on the platform. This provider an incentive for token holders to spend tokens on the GO platform instaed of selling them on exchanges as they will not be subject to exchange fees and could potentially earn on the 5%-15% savings.
Go will also rewarded token for spneding of tokens in order to create a more engaging environment. Following is one example of how GO can rewarded token holders for spending:
Aside from upgrading membership status and obtaining further discounts, GO Token holders will also be entitlede to an additional range of benefits on the GO platform. All consumers on the GO platform will have their details captured when signing up (Passpor/ID). Due to KYC procedures in place currently. It is quite time-consumsing to open an account with an exchange.
Once the GO token is listed on exchange, Go will work alongside the respective exchange to simplefy their KYC procedure so purchaisng tkoens from any exchange GO is listed on will be esier and quicker.
MORE INFORMATION
========================================================================
Created by : 15persenlucky
Profile link : https://bitcointalk.org/index.php?action=profile;u=1210666
ETH address : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
ETH address : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
No comments:
Post a Comment