Travelport, IBM and BCD Travel Use Blockchain to Manage Hotel Commissions
Skift Take
Blockchain isn't as hyped up as it used to be during the bitcoin craze, but companies are still finding its function as a secure ledger useful. If this catches on, it could provide some much-needed transparency to the hotel reconciliation process.
Keeping track of hotel commission payments has often proved a difficult task, especially as more travelers book online while much of the hotel commission process remains manual.
Now travel technology company Travelport has joined with IBM and travel management company BCD Travel in an effort to fix that. Together, Travelport and IBM developed a blockchain solution to streamline hotel commission payments between BCD Travel and three hotel chains, Travelport announced Tuesday.
The solution tracks and accounts for commission payments owed by hotels for
