Blockchain technology is presently one of the most sort after technology out there. Despite the fact that it is in its infant stage it commands so much potential to become the figure head in all transaction validations and being integrated into other sectors, it has the potential to uniquely change the traditional way transactions are being carried out and the way information is stored and later accessed.
Blockchain technology has alot to offer to the hospitality industry, of which security and stability are part of it. Blovkchain is decentralised and immutable so making use of blockchain in the hospitality industry will make all data decentralised and traceable, and the good thing is that the database can never go offline for a second, or be eliminated via a cyber-attack or hackers attempt, any attack on a system handling financial records can be massive.
In addition, the technology could have a vital role to play in modifying payments in a simplified manner. At present, this can be somewhat ambiguous, especially when dealing with inter country transactions. With blockchain technology, the entire process can potentially be streamlined and made more transparent, increasing trust. Everyone would love to have a stress free time when booking and accessing hotel services at anywhere and any time of their life. But to some extent the hospitality industry have not lived up to that standard. There have been some limitations to that effect. Empire hotel wishes to bring life to the hospitality industry and change the way things are being handled.
EMPIRE HOTEL
Empirehotel is built on blockchain technology using the decentralized feature of blockchain. It is an hotel booking platform with the goal of solving the varrious issues surrounding the hotel industry. Empire hotel will offer several services which will be beneficial to thr hotel management and the customer at large. Introducing blockchain into the hotel industry, empire hotel will ensure that uses can easily book and make payment for hotel services using a decentralised means either by using crypto currency or fiat. The intresting aspect ot blockchain technology is that it eliminate the involvement of third party and intermediaries which will be so beneficial to the the hospitality industry as it will reduce cost significantly. In aspect of security, blockchain exist as an immutable ledger so any transaction carried out on blockchain will be visible for all to see . Using blockchain technology empire hotel will enusre high level of transparency when it comes to financial transactions in the hotel and protection of user data will be guaranteed because unauthorized personnel will not have acess to such data.
International payemnt fees when dealing with international transaction can be sometimes worrisome but on a brighter note the use of crypto currency by empire hotel will eliminate all international transaction fees. This will be a win win for both parties as customer will enjoy cheaper price in hotel booking and hotel owners will have more profit.
TOKEN DETAILS AND USAGE
EMPC token is the official token for the Empire hotel platform with a total supply of 1,350,000,000 and a unit price of 0.1$.
Managers can use the token as a means to pay for subscription on the platform and users (customers) wil use it to pay for booking . This is a utility token that will find so much use in the hospitality industry.
Conclusion
The birth of this platform will be great one for the hospitality industry as cost of booking hotel will reduce and it will expose more people to crypto currency and blockchain technology at large.
USEFUL LINKS
Website: https://www.empirehotels.io/
Whitepaper: https://www.empirehotels.io/docs/en/whitepaper-en.pdf
Telegram: https://t.me/empirecash
Twitter: https://twitter.com/empirehotelsapp
Facebook: https://www.facebook.com/empirehotelsapp
AUTHOR'S DETAILS
Bitcointalk Username: Ajprotocol
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2539305
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