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...