Travelport, blockchain and hotel commission reconciliation -

Travelport, a company serving the travel industry, has announced the development of a blockchain solution to enhance the hotel commission reconciliation process. Working with IBM Services and leading travel management company BCD Travel – as well as a number of high-profile hotel chains – their blockchain solution hopes to optimise hotel commission processing.

Commenting on the technology, Travelport’s Senior Product Director, Ross Vinograd said: “Blockchain technology applied to commission reconciliation has the potential to deliver real ROI to both a travel agency and the hotel. Blockchain is an ideal solution for Travelport to address the hotel commission processing problem.

Timeline of Bitcoin-diamond