A new blockchain-based travel billing and settlement platform is in the works.
Travel Ledger is intended to automate purchasing of non-airline travel services, replacing current billing, reconciliation and settlement processes with a faster, easier system.
This type of shared, decentralized system will allow travel agents, tour operators, accommodation wholesalers, hotel companies, car rental suppliers, cruise companies and others to access inventory and track transactions in near real-time and to settle payments without the need for a third-party fund manager.
Smart contracts will manage the flow of information between existing reservation and back office systems.
Those who purchase the Travel Ledger token, as well as companies that provide power to the network (the masternodes), will have voting rights regarding future decisions about the platform.
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