Concierge Targets Online Travel Booking Industry with an Innovative Blockchain Solution
The Concierge project seeks to challenge the centralized online booking industry heavyweights for the benefit of travelers and service providers.
According to data, the travel and tourism industry contributed over $7.6 trillion to the global economy in 2016. The number of international tourists has grown more than twofold since 2005, and the trend is looking stronger than ever.
Online traveling services are considered very lucrative as they generate over 76% of the revenues from hotels, tours, and accommodation bookings, but as things stand now, this segment is controlled by five big players whose dominance allows them to set high fees and slow down progress.
The commission on platforms such as Booking.com and Airbnb.com runs up to 30% and sometimes even 50% of each booking made, which increases the cost for consumers and also reduces vendors’ earnings.
What’s the solution?
Concierge.io believes it has the power to turn the tide. The new decentralized booking platform, which is based on the NEO blockchain network, will provide travelers and vendors with a friendly ecosystem where they can communicate and deal with each other directly (p2p). Concierge will level the field for small service providers and make high-quality offerings affordable for travelers.
Key features of the Concierge travel booking marketplace
- Instant booking: No need to wait for 24 to 48 hours to get confirmation as blockchain technology allows live updates on availability.
- Economic efficiency: Considerably lower operational costs due to peer-to-peer communication.
- Easy integration: Web application and mobile platforms will work as a seamless whole.
What’s the token for?
CGE, the token to be issued during the ICO, will serve as the platform’s native currency, allowing users to pay for bookings and other services via CGE. Meanwhile, non-crypto users can opt for fiat currency payments with a small fee.
Concierge token sale details
Concierge successfully finished its pre-sale round, while the main stage of the crowd sale will run from March 31, 2018 to April 30, 2018. The team aims to issue 100 million tokens in total, out of which 65 million will be available for sale. The project is based on the NEO blockchain platform, so the main cryptocurrency accepted will be NEO.