The Webjet Digital Travel Agent has launched its platform-based blockchain for a long time developed in order to remove disparities in hotel reservation data.
Working with Microsoft through Azira's Azure sandbox since 2016, Webjet announced on Thursday that the new Rezchain app will address the overcrowding and overcrowding issues of hotel bookings by looking for data discrepancies. real time between customers, hotels and booking agents. and sending alerts, if any.
Such errors are found in at least 5% of bookings, according to the firm. Once identified, they trigger "a tedious and painful process of reconciliation, which entails heavy demands in terms of resources and financial exposure".
Founded in 1998, Webjet, listed on the ASX 200, hosts an online travel agency throughout Southeast Asia, Australia and North America. The company also operates WebBeds, a business-to-business platform.
By combining a "virtual handshake" and an "early warning system by email", Webjet states that Rezchain exploits the distributed nature of blockchain technology, storing information on a common ledger to give each party involved in online bookings of updated information. According to his website, Rezchain is built on a private version of Ethereum.
John Guscic, CEO of Webjet, said in a statement:
"With multiple IT systems speaking different languages, errors are likely and the default position is often to write off debts when the situation is not clear. For years, the industry has found it expensive to do business. This is no longer the case. "
Image of the hotel via Shutterstock