A new emerging company Lockchain is in the business of providing blockchain technology for the hotel reservation service. It marks the entry of decentralized technology in the hotel industry that is worth of 500 Billion USD. It secured 100,000 hotels around the world within its interface.
The company Lockchain works with a 0% commission policy and uses blockchain technology to eliminate intermediaries from the reservation process, so the stay in a hotel becomes cheaper for the consumers, as they will not be paying a considerable part of the service to agents such as Airbnb or Booking.
The transactions of the platform will be done using LOC Tokens, they have already been included in many cryptocurrency exchange houses like HitBTC, Meractox, and Etherdelta. The platform will also have a mobile application and a browser version for users.
LockChain is also supported by Rosen Plevneliev, the former president of Bulgaria, who is causally part of the platform's executive panel.
