We often talk about the fact that our project leverages blockchain technology. Now, let’s take a moment to see if other market players are implementing it in other areas of the hospitality and tourism industry.
International experience
Airbnb and Booking.com have once revolutionized the tourism industry. Talking directly to the owner of the property and renting his or her house or room has never been easier!
Despite the convenience these services provide, mandatory commission fees are still there, and must be paid via their websites. However, Winding Tree — a Swiss non-profit organization — seems to have found a way to drop commissions altogether. The team has created a specialized blockchain platform that will allow communicating and making travel-related deals without middlemen and fees.
One way or another, transactions still cost something, but that cost is incomparable to what we have to contend with today. “Blockchain allows these unnecessary costs to be eliminated entirely. With true transparency and competition, blockchain makes travel cheaper for travelers and more profitable for suppliers. It’s a win-win scenario”, says Winding Tree COO and founder, Pedro Anderson
