EMPIRE HOTELS: BRINGING BLOCKCHAIN TECHNOLOGY TO THE HOTEL INDUSTRY

aaaadon (25)in #travel • 6 years ago

When you seek comfort you utilize the hotel services, when you wish to go for a holiday, you utilize the hotel services, when visiting someone but due to unforeseen circumstances you arrived your destination late and couldn't proceed, you utilize the hotel services. That is to say, the hotel industry plays a vital role in the world today, thus the need to further enhance and solve underlying issues and challenges.

One might ask what are these issues, It has been recorded that, ever since the online booking was incorporated into the hotel industry, the services offered has grown tremendously while making it more convenient for guest and more profitable for hoteliers. But even with these, there have been issues which have succeeded in limiting the true services these hotels aims to offer.
One of the issues is that with the growth of hotel services in accordance with online booking there has been a significant increase in the charges collected by these online booking platforms, and as such in order for hoteliers to accommodate such they tend to increase service fees.

Another issue is double booking and albeit numerous proficient staffs who have tried their best to manage hotel services efficiently there still tend to be double booking and to take care of these issues the hotel in question tends to be at the receiving end, that is, in a bid to keep up their reputation and trust while guaranteeing the second booker gets glad, they (hotel management) end up either giving the guest a more preferable room which might be higher over the recently reserved or books a room for the guest in another hotel.
Also, the hotel's reputations can be in danger or questioned when inaccurate information surfaces, as in, a visitor booking for a specific room ends up getting another which in no way matches his taste.

Another issue which causes concern is the middleman between the online booking platform and hoteliers, in this manner charging for preparing of transactions although this fee might be low, it is not needed.
Currently in the world today, the hospitality industry is yet to leverage or incorporate cryptocurrency into its payment system as hotels only accept fiat currency for payments. Issues such as foreign fee, currency conversion fee etc still exist.

In other to solve these issues while enhancing the hotel industry led to the creation of Empire Hotels.

AIMS OF EMPIRE HOTELS

Empire Hotels is a hospitality platform which aims to leverage blockchain so as to offer hotel administrations and services which will be proficient and reliable.
Empire Hotels accomplishes this by utilizing blockchain along these lines expelling any type of Intermediaries while executing parties transact on a shared premise. Additionally, with blockchain innovation and all things considered decentralization, guests information will be properly overseen and verified whereby an ID will be attached to the transaction if the need arises.

Since blockchain Introduced cryptocurrency, in this manner with Empire Hotels being a blockchain-based platform, it will have its very own coin which will be utilized to guarantee better administrations is offered to guests, which additionally incorporates the combination of the platform's API with related systems thus making payments easier and faster.

Attributes Of Empire Hotels

With the guide of the blockchain, transactions will occur on a shared premise along these lines ensuring Empire Hotels is straightforward, dependable and reliable.
Empire Hotels intends to tackle issues about double booking by utilizing the blockchain, in this manner with its decentralized nature consequently before booking a room the room will be confirmed before the transaction can be finished.
Empire Hotels has an officially created MVP (Minimum Viable Product), which is appropriately assembled therefore having an API, a guest and host module which are altogether incorporated with a crypto wallet.
Empire Hotels will offer a less expensive and less demanding method for booking for a room which will be done by means of the platform's token, thereby evacuating superfluous transactions costs, foreign fee and currency conversion charges. Since there will be no Intermediary consequently there will be more benefits for hotels.

CONCLUSION

Empire Hotels will build a blockchain platform which will be effective for guests hence helping in settling difficulties in the hospitality industry.

The token of the platform will be known as Empire Cash (EMPC) and will be used for carrying out transactions or paying for services and will have a maximum supply of 1,350,000,000.