February 1, 2023

Travel agency Webjet has launched a blockchain platform for hotel reservations

Travel agency Webjet launched the Rezchain blockchain platform for hotel reservation and provision hotel room information users.

Rezchain was developed with the participation of the companyMicrosoft, and the solution is based on the Azure cloud platform. Clients, travel agents and hotel managers will be able to check data on booking rooms around the world in real time.

If any inconsistencies are foundthe system notifies the user about this. According to the travel agency, various discrepancies in information arise in 5% of booking cases. As a result, reconciling the data and reconciling them leads to a large time cost.

“Often problems when booking happen becauselanguage barrier. In case of disputes due to discrepancies in price, type of rooms, duration of reservation and payment methods, you often have to cancel debts. This is very costly for hotels, ”said Webjet Managing Director John Guscic.

He believes that Rezchain can eliminatethe appearance of such problems when booking. All information will be stored in a distributed registry and updated in real time. In addition, the platform provides an “early warning system” via email.

Blockchain is popular amongtravel service providers. Travelport announced in August that it was using the IBM Hyperledger Fabric blockchain to guarantee travel commissions. Recall also that Webjet began accepting bitcoin as payment back in 2015.