Travelport, IBM and BCD Travel Use Blockchain to Manage Hotel Commissions
Together, Travelport and IBM developed a blockchain solution to streamline hotel commission payments between BCD Travel and three hotel chains, Travelport announced Tuesday. The solution tracks and accounts for commission payments owed by hotels for services booked through online travel agencies and stores it on a shared ledger.
“Blockchain technology applied to commission reconciliation has the potential to deliver real return on investment to both a travel agency and the hotel,” said Ross Vinograd, Travelport’s senior product director. In an interview with Skift last year, Travelport Chief Architect Mike Croucher explained his vision of using blockchain to address hotel commission reconciliations.