GOeureka | A Rewarding Hotel Booking Experience
GOeureka is an online
booking platform that leverages blockchain technology to tackle current issues in
the travel industry such as high commission structures imposed by online travel
agencies (OTAs) and the fragmented loyalty programmes within the hotel
industry. The platform is a partially decentralised web and app platform to
provide travellers and hotels direct access to communicate with each
other.
GOeureka’s technical
roadmap presents plans for a fully decentralized platform, as well as a loyalty
network blockchain to facilitate interoperable loyalty points across the travel
industry and possibly across the retail industry. This technical whitepaper
outlines the technology behind the platform and the data that will be processed
off-chain and on-chain.
The web application
platform will host a booking platform for travellers and a hotel inventory
system for hotels. Travellers will be able to search and book hotels. Hotels
can update room inventory and prices directly or integrate with channel
managers. A majority of hotels manage their inventories using channel managers
as a single point of management, therefore GOeureka will provide necessary APIs
(Application Programming Interface) for integration. GOeureka will also work
directly with major channel managers to automate the integration process for
hotels.
Room
Key
To provide full
self-service capabilities, GOeureka will also provide a room key feature on the
mobile app. The availability of the mobile room key depends on the hotel’s
physical infrastructure, but hotels with smart locks or keypad locks will have
the room key feature integrated on GOeureka’s app.
GOeureka will integrate
available developer APIs by major smart lock providers. This technology makes
use of encrypted Bluetooth technology, where authenticated data is sent from
the GOeureka app through the guest’s mobile device to the smart lock network
which then unlocks a guest’s room. Bluetooth technology is found to be a safer
alternative due to encryption and authentication methods available for
Bluetooth transmission as opposed to Wi-Fi protocols that are easily spied on
by other users on the same Wi-Fi network.
Benefits
of GOeureka
This project is based on
blockchain technology that can be relied upon to store user data in the system.
It is almost impossible to hack because data is stored on distributed network
nodes. Thanks to KYS registration, a traveler is protected from fraud - only
real hotels can register on GOeureka.
Rebooking
Feature
Travellers will enjoy
automatic post-booking discounts for their stays through GOeureka’s
patent-pending rebooking feature. The GOeureka rebooking algorithm detects when
a hotel rate drops, and automatically re-books an existing booking (qualified
bookings that have not passed and are within valid cancellation policies) at
the lower rate. Travellers will be notified of their discounted stay.
When hotels choose to
drop their rates on the GOeureka platform, they will receive a summary report
on the affected bookings and the total discounts provided by the rate cut. This
will allow hotels to make true informed decisions that are beneficial to
themselves and their guests.
GO
store
The GO store is an in-app
exchange for token holders to purchase GO credits using GO tokens. It is a safe
and fast liquidation option for token holders to convert tokens into spendable
fiat-value credits. Users enjoy discounted products and services on the
GOeureka platform when purchasing with GO credits. GO credits are fiat-valued
in-app credits that allows for instant transactions and off-chain
settlement. Token holders will redeem
GO credits according to the prevailing market rate at time of exchange.
GOeureka will rely on data sources from various exchanges and number of custom
oracles to retrieve the average token price on the market. Users will use the
proxy wallet detailed below to exchange GO tokens for GO credits.
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