Topic: [ANN][ICO] GOeureka — Blockchain hotel booking platform - page 5. (Read 40450 times)

Now a days hotels are totally dependable on OTAs, just because they are providing business. You can say the OTAs are ruling the hotels. Some time Hotels have to do irrelevant acts, for continuing the business they fulfill OTA's demands.  But using the GOeureka platform hotels are absolutely free, they don't have to be depended on third parties and They don't have to spent a bug of money on OTAs. But now hotels will focus on facilities and relations of consumers, It will help to boost the business.

Of course, GOeureka seems a high potential project. The strategies  and the Ideas are quite interesting. I am also very curious about GOeureka from initial time i have heard about it, None of other reasons but they have a lots of attractive features like Automatic re booking, Zero Commission Fee and Inter operable Loyalty Points  extras.

GOeureka is looking a revolutionary project. I am also waiting for it. I love to travel across the countries so I really want to experience it.The strategies  and the Ideas are quite interesting as much i have heard about it.

GOeureka project joins tourists and hotels. The parties each affects. Hotels get users, and an additional sales channel — a collection of hotels with reservation conditions that are positive.

Proceed will integrate through a partnership with the property management computer code of this edifice. One of the problems that GO can resolve is disconnected loyalty applications. Each airline, edifice, and rent-a-car service could have their very own loyalty program, Nowadays

An essential characteristic of block-chain is the obligation. Proceed can use the block string to verify transparency and accounting. The payment mechanism can be replaced by Proceed for the game, used by travel agencies.

Now a days I am reading about the Blockchain technology, and I really like this technology. there are lots of business fields and/or companies who try to use this technology and in fact they are using. So I want to know that how Blockchain can redefine Online Hotel booking? Is it also helpful for this field?

It is not all rosy for the travel agency institutions which slow resist the growth of travel agencies or to accommodate risk. These resorts are lagging behind. They will need to work. Intermediaries that get them could begin earning them. The advent of the world wide web has pushed at the boundaries of innovation with all the facilities are available on the click on your device, and the world is now one village. Has been taken over by sites which offer the facilities at prices that were cheaper and effortlessly.

The rise of online travel agencies illustrates the value of utilizing new technologies to interrupt industries. These agencies have a massive advantage over the hotels since they can offer low rates and options to consumers. Nowadays revenues are developing and growing than ever before, and this has had a direct effect on the hotel industry.

Now a days, Hotels are not willing to deal directly to customers, just because they are getting business by the third party booking sites(OTAs). In today’s market there are various giant OTAs to provide business to Hotels. Hotels are totally dependent on OTAs, that’s why every one needs these mediator for book a Hotel. Although OTAs are providing business to Hotels but they charge a huge commission for this. Hotels have to full fill their all demands any how. Looking these major problems a new and fresh platform GOeureka has been launched. As a technology partner GOeureka's vision is very clear and simple.The GOeureka platform leverages blockchain technology to position itself as an unbiased and transparent technology partner to hotels, transforming traditional loyalty systems and delivering increasing value to all hotels and their customers. GO aims to create a new symbiosis where hotels maintain control over their brand while unlocking unprecedented value for consumers on its platform. GOeureka wants to disrupt the OTA dominance as they charge commission ranging from 15% to 30% which effect hotels profit margin and they also have terms and conditions which sometimes are unfavorable and moreover small hotels are not able to adopt new technology due to there terms and conditions. OTAs work in the traditional way that they were use to do, so GOeureka is aiming every hotel to use their technology and Hotels along with the consumers should also get benefit. That’s why we have come up with zero commission and a platform that everyone can use.

Why do people need help of the third party booking sites, while book a Hotel?

As per there accessible white paper, they mentioned that they are using both traditional and cryptocurrencies. After reading their white paper i found that they are providing an option to transact using fiat currency, major cryptocurrencies, GO credits or loyalty points. Prices of goods and services will be displayed in fiat and the cryptocurrency of user’s choice. They are also providing the gateway for the transaction like Paypal, that sends transaction details to a payment processing network.

What will be the Payment Processing of goeureka,Does they accept any other currencies ?

As much as I know about crypto payment gateways, Adopting crypto payment gateways eliminates the common issues faced by use of traditional payments. However, there are serious considerations that need to be thought through: Processing fees charged by crypto payment service providers,Transaction fees that inflate due to blockchain congestion, Speed of transactions for on-chain settlement and Customizability of payment interface and protocols Eventually, GOeureka will implement its own custom payment protocol to eliminate the processing middleman entirely and for greater control over crypto payments.

Hi all, globally we are using cryptocurrencies and it looks like quite beneficial to us, So I just want to know about GOeureka's plan to use cryptocurrency. As much as I know that adopting cryptocurrency it will eliminate the common issues faced by the use of traditional payments gateway.

Basically All transactions on the App will operate on GO’s smart contract. The smart contract acts as a communication layer between the platform and the blockchain. All transaction data will be sent to the smart contract to execute its terms, and the transaction will be stored in the blockchain. This removes the need for a middleman and facilitates lower transaction costs throughout the platform. The GO platform utilizes the widely-used Ethereum blockchain. Ethereum’s smart contracts provide multiple language implementations that will facilitate future integration. An audit of all transactions on the platform will be kept on the blockchain each time the smart contract is executed.SO this is something new and different from the traditional techniques that are used in the present world.

As they are using BLOCKCHAIN AND SMART CONTRACT technique.What is new in that and how they differ from other.?

GOeureka seeks to drive marketing and advertising efforts to on board hotels worldwide onto its platform while promoting hotel services to customers. GO operates as an intermediary solely to boost the engagement between hotels and consumers, market the platform to booking consumers, and ultimately provide the best value for consumers.As per the Whitepaper they have planned everything very beautifully and inspiring but We can only imagine that they are working pretty hard on there ICO.

I hope whatever is on your whitepaper published on your website will be realized. So many projects with very detailed whitepaper but they ended up not successfully.

There's a similar but not totally similar project is available in market beetoken, but that is totally different from Goeureka, there's no competitors available in the market for goeureka in the travel industry who are using blockchain technology.