Travelport, IBM and BCD Travel develop blockchain solution for hotel commission reconciliation
New Delhi, Aug. 22 -- Travelport announces the development of a blockchain solution to enhance the hotel commission reconciliation process. Working with IBM Services and leading travel management company BCD Travel as well as a number of high-profile hotel chains, the blockchain technology solution aims to optimize hotel commission processing on a distributed ledger by managing reconciliation, tracking and accounting for commission payments owed from hotel chains for services purchased by travelers via booking agencies . By creating an accurate and shared view of the booking status and commissions - all parties stand to win.
Blockchain technology behaves like an online ledger with the ability to collect data, build upon that data in real...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.