Travelport and IBM Work on Blockchain Platform for Hotel Commissions
Artificial intelligence-enabled travel platform Travelport, IBM and travel management company BCD Travel are jointly developing a blockchain platform to streamline hotel commission reconciliation. Yesterday, Cointelegraph reported that Glenn Fogel — who was recently appointed CEO of Booking.com — addressed blockchain and crypto alongside with major issues in the travel industry, including over-tourism.
World leaders in the travel industry are gradually turning to blockchain technology for its purported benefits. Recently, the national carrier of the United Arab Emirates Etihad Airways partnered with blockchain-based travel platform Winding Tree to explore how blockchain can aid in distribution.