Tratok and Hotel Data Cloud Sign Agreement to Restart Travel Industry Through Blockchain Powered Technology

2020-9-30 08:07

Two UAE based technology pioneers have agreed to form a strategic partnership that will help accelerate the revival of the global travel and tourism sector. Tratok, a blockchain-powered travel ecosystem, and Hotel Data Cloud, a content distribution channel for the hospitality industry, have joined forces to extend the services of both companies to their respective client bases. The partnership will ensure that the data from Hotel Data Cloud’s portfolio of over 11,400 hotels in 153 countries which feature more than 1.2 million rooms, will be utilized by Tratok’s ecosystem and its 1.3 million verified users.

This partnership offers multiple benefits for service providers and clients. Through leveraging Tratok’s blockchain technology, and combining it with HDC’s intelligent algorithms, both parties can benefit from timelier, more economic and transparent transactions in Tratok’s sanitized ecosystem that is free from manipulation and fraud. At the same time, more accurate and standardized descriptions and data from Hotel Data Cloud will result in enhanced user experiences and higher conversion rates due to cutting-edge Artificial Intelligence content presentation. The combination means that clients get more affordable and better-matched offerings while service providers get better-matched guests and increase profits by up to 30%. This comes as a welcome relief to an industry which has spent much of the year being adversely affected by Covid-19.

“We are extremely proud to be partnering with Tratok to help restart the travel and tourism industry. The key to coming out of this crisis is to work together to make customers feel safe to travel again, while enabling hotels to streamline and be more cost-efficient through technological solutions,” said Gregor Amon, co-founder of Hotel Data Cloud. Mohammed Altajir, Custodian of Tratok added: “The technology exists to address key problems in the sector and there is no excuse for lack of adoption given the sector’s importance and growth potential. We are empowering stakeholders giving them the next evolutionary ecosystem.”

The agreement represents another tourism milestone for the United Arab Emirates as two home grown, revolutionary and cutting-edge technology companies come together to offer groundbreaking products to the travel sector. The partnership also complements the country’s aim to diversify the economy from natural resources to knowledge, innovation and the export of services. The partnership was brokered by the Middle East Hospitality Asset Managers Association. Mr. Amit Nayak, Vice President of HAMA Middle East commented, “This partnership is in line with the vision of Hama MEA – advancing the transparency and ease of doing business in a structured way for all parties involved.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Travel Coin (TRV) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 7.60 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 TRV / 1b TRV

technology travel partnership strategic agreed form help

technology travel → Результатов: 63


Фото:

Russia: Banking Giant Sberbank Taps Blockchain to Tokenize Travel Agent Payments

Russia is looking to automate travel agency payments using blockchain technology. Using Smart Contracts to Automate Payments According to a report by local outlet Air Transport Review, Russia’s S7 Airlines has inked a partnership with the country’s largest bank, Sberbank, to fully automate travel agency payments through distributed ledger technology (DLT).

2020-8-29 21:00


IBM, Travelport and BCD Travel Develop Blockchain Solution for Hotel Commission Reconciliation

Coinspeaker IBM, Travelport and BCD Travel Develop Blockchain Solution for Hotel Commission ReconciliationBlockchain technology behaves like an online ledger with the ability to collect data, build upon that data in real-time, and then independently and securely report information to any number of parties based on permission.

2019-8-20 16:01


Таможенная служба США будет хранить в блокчейне биометрическую информацию

Бюро таможенного и пограничного контроля США (CBP) использует блокчейн для сверки биометрических данных. По словам руководителя программы CBP Сикины Хашам (Sikina Hasham), блокчейн-приложение станет самым мощным инструментом в сфере безопасности.

2019-3-23 13:30


Winding Tree Ink Strategic Deal with Airport Hotel Basel to Integrate Blockchain Technology in the Hospitality Ecosystem

An open source blockchain-based travel distribution platform, Winding Tree has announced a productive collaboration with Airport Hotel Basel. The recent partnership between the two firms follows the recently confirmed collaboration of the firm with some of the biggest players in the aviation and hospitality industry.

2019-1-31 22:49


NEO based dApp Travala (AVA) expanding their platform and looking very sharp

Travala aims to be a global online travel booking marketplace disrupting the Travel industry as they are building an online booking platform on the NEO decentralized engine and blockchain. It combines blockchain technology and industry know-how to create a decentralized marketplace, designed to increase the transparency and efficiency of the industry, while reducing costs.

2018-11-26 18:11


Volavia ICO (VOL Token): Blockchain For Private Airline Travel Payments?

What Is Volavia? Volavia is a private aviation technology company that has launched the first platform for private air travel that is blockchain-based. The company uses smart contracts in the management of bookings, payment details, and itineraries on the blockchain thus providing full transparency to every party that is involved in the booking of private air […]

2018-11-6 12:07


Sciant to Help Winding Tree Make HTNG’s Travel Data Compatible with Its Blockchain

Winding Tree is a travel distribution platform based on blockchain technology. On 17th October 2018, the company released a statement indicating that it had entered into a partnership agreement with Sciant that would make it possible for it to make its HTNG (Hospitality Technology Next Generation) standards compatible with those of its new partners. Sciant […]

2018-10-21 02:51


Фото:

Queensland Backs Cryptocurrency Point-of-Sale Project for Tourism

The Queensland government in Australia is backing a cryptocurrency point-of-sale system that officials believe will help boost tourism throughout the area. Thus far, they have given over $8 million in Australian dollars ($6 million USD) to roughly 70 different companies that will work to inspire innovation and create new ideas within the region’s travel space.

2018-8-2 00:27