GOeureka is a travel tech company utilising blockchain technology

Hellen Xaveria

Hello there, how are you ? is it great undoubtedly? There is information that you ought to understand in my articles this period definitely, and this generally can be incredibly useful also for those of you who like to travel substantially or as well you who love entertainment with close friends, family members associates, with family members too.

The growth of online travel agencies demonstrates the value of using new technologies to disrupt existing industries. These online agencies have a great advantage over normal hotels because they can offer consumers low prices and more options. Nowadays, online travel agencies produce and produce more revenue than ever, and this has a direct impact on the hotel industry.

What is GOeureka All ABOUT?

GOeureka is a travel tech company utilising blockchain technology to build a hotel booking platform. Our mission is to decentralise the hotel booking sector and deliver greater transparency by allowing hotels to directly connect with their customers. As a technology partner to hotels, GO aims to provide a dynamic digital experience to users and eradicate the high commission structures imposed by online travel agents.

The growth of online travel agencies is a perfect example of how new technology can disrupt an existing industry. These online agencies have a huge advantage over the normal hotels since they are able to offer consumers low prices and more options.

However, it is not all rosy for the online travel agency; the traditional hotel sector is slowly adopting the online technology. However, these hotels are still lagging behind. They need to work faster. Otherwise, intermediaries that get them in touch with customers could start making more than them. The GOeureka team thinks they may have found something that will give the hotel an edge over agencies. To do this, they have decided to augment the existing loyalty programs with blockchain technology.

The aim of the GO project is to utilize the blockchain to create a symbiotic relationship between hotels and customers. Hotels will maintain control of their brand while customers will get more value at the same price.

The GOeureka Vision

GO has a plan to create an online ecosystem where businesses thrive by offering the best services to travelers. As a technology partner for the hotel industry, GO will offer a simple and direct app and web experience to users without the high commissions on most sites. By freeing up resources for hotels, GO will make it possible for them to offer better customer value and service with their resources.

GOeureka Transparency And The Blockchain

A key feature of the blockchain is accountability. Go will use the blockchain to make sure that accountability and transparency are maintained in the ecosystem. Go will replace the pay to play arrangement utilized by most travel agencies. The platform will be unbiased and no commission will be charged on users. On GO, hotels will no longer need to pay for visibility. All displays and search results will be determined by the performance of a hotel and the reviews it gets from its users.

GOeureka Hotel Booking Loyalty Programs With The Blockchain

If a hotel wishes to integrate, the GO ecosystem will offer an API where a hotel can link their inventory with the reservation system. There will be guides offered to the hotel’s IT department to make the integration seamless. Go will also integrate with the property management software of a hotel via strategic partnerships.

One issue that GO will solve is the disconnected loyalty programs. Today, every airline, car rental service, and the hotel will have its own loyalty program. This makes it hard for ordinary consumers to accumulate enough points to redeem for significant rewards.

An integrated loyalty program powered by the blockchain is the future. Go will create an interoperable program that is powered by this technology. Users will have the option to convert the loyalty program points of a hotel in GO credits. With this system, loyalty points earned from a car rental service can be converted into GO credits. This can then be used to pay for a hotel room.

PRODUCT OVERVIEW

The GO platform includes the following: 1) Website with booking and payment functionalities 2) Mobile application for customers and hotels to communicate directly with each other 3) A centralized database and server to store Personal Identity Information (PII), customer booking details, and data from hotels 4) Utilize Ethereum blockchain and smart contract to generate decentralized GO Tokens and execute payout requests

GO will store the PII, customer booking details, and hotel data off-chain to avoid pushing up network transaction fees and ensuring the immediate execution of user activity. GO will look to move its entire platform on-chain in the future, with the introduction of new blockchain technology (i.e., Raiden) that allows instant execution at minimal to no cost.

GO’s BLOCKCHAIN and SMART CONTRACT,Goeureka

All transactions in the App will operate in GO’s original contract. The original agreement works as a conversation layer between the system and the blockchain. All purchase data will end up being delivered to the original deal to execute its conditions, and the transaction shall be kept in the blockchain. This reGOs the want for an intermediary and facilitates lower purchase costs throughout the system.

The GO platform utilizes the widely-used Ethereum blockchain. Ethereum’s original agreements offer multiple vocabulary implementations that will facilitate long-term integration. An audit of all transactions on the system will become held on the blockchain each period the reasonable deal is usually performed.

The GO App facilitates greater communication between hotels and their customers throughout their whole stay. Resorts are capable of personalizing client encounter according to their clients’ requirements. Each consumer demand on the GO Appall end up being put to the respective resorts. Resorts manage these demands through a Web Articles Administration Program (Internet CMS) led merely by resort staff.

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