LockTrip, a European based company, olan first functional blokzinc is based travel service yerleştir by creating the accommodation industry wants to place the blockchain. The team offers 100,000 hotels and more than 1,500 rental vacation homes around the world. He said that he made plans to add 300,000 hotels and 900 airlines in addition to the market, with an average discount of 20 percent compared to other booking sites.

Smart Contracted Travel Booking

Zero-commissioned accommodation can be booked directly through the existing LockTrip beta market. The initiative to simplify the booking process for users who do not know how to create a block has created a service model that allows instant connection between credit cards and the company's ERC-20 LOC token. Non-crypto-oriented travelers can book using a credit card, just like any regular travel site. Crypto change is performed automatically through an API connection with the exchanges where the LOC operation is performed.

Each reservation is locked with a smart contract until payment is made. The company says that booking through the marketplace is much more convenient and safe compared to traditional booking methods for customers.

In addition to the web-based travel market, LockTrip has already launched its mobile app for Android and iOS. The initiative also seeks to create its own hybrid risky evidence (PoS) blockchain, which is deployed on its own operational testnet. LockTrip PoS block chain, Bitcoin and I Ethereaembody the best of Turkey. The company hopes to create a platform that can support Ethereum applications while reaching more transactions per second.

Zero Commission as a Key Factor

LockTrip calls itself an enthusiastic team that wants to change the economy of the retail travel industry. Company CEO Nikola Alexandrov says:

Or In both cases, users stay in the same hotel regardless of the site they are booking. 20 percent payment from a budget in just a few clicks with blockchain technology will stay together in the past. "

According to the company's published report, the average price available for hotels in the LockTrip market is about 20 percent lower than the cheapest alternatives users can find online. LockTrip said that the service saves 17 percent of users in the United States and more than 23 percent in the US when booking a hotel in Europe. LockTrip, Airbnb or Booking.com, such as web sites of hotels 15 to 30 percent of the hotel also announced that the commission. This later affected the guests' final price, he said.

According to the company report, the number of reservations made over LockTrip in 2018 increased more than 10 times. At the end of the year, the booking volume (Q4) increased by more than 152 percent. During this period, the market was purchased for purchases from the stock exchanges worth € 40,000. With the initiative's explanation; this may make LOC one of the most widely used utilities in the industry.

LockTrip promises to continue to develop its market by calling and partnering with partners who can provide competitive prices for their stay. At present, the venture is trying to quadruple the size of its market. The company announced the integration of more than 300,000 hotels at lower prices. LockTrip also says it has been working on a global airline service with 900 airline support. The initiative is planning to offer its users a zero percent commission for new services. This will make prices cheaper than the competitors' offers. Inventory distribution is planned to be made in mid-January 2019.

In December 2018; announced the launch of the affiliate program to encourage travel website owners and YouTube bloggers to create an account and share a referral link. After completing the integration of 300,000 hotels and 900 airlines, the company is officially planning to move from the beta to retail. He is also considering focusing his services on the passengers who want to reduce their accommodation costs.

Source: Cointelegraph