EMPIRE HOTELS: A BLOCKCHAIN-BASED PLATFORM WORTH KNOWING (REVIEW)

emmy92 (42)in #blockchain • 6 years ago

The growth of Innovative services in the world is growing tremendously and has ended up making life easy for humanity. Be it AI, Big data, Machine learning, Blockchain etc all has one aim; disrupt the current way of doing things and usher in a new world of amazing services. In the same way, several online payment systems have come to limelight in the form of Visa, MasterCard etc so as to make it possible for payments to take place from anywhere in the world as easy as possible. This online payment ends up making its way to the hotel industry where online booking now takes place and ever since then the hotel industry has seen rapid growth both in profits and services.
Just as it is in the world today, certain existing systems needs enhancement which will keep it up so as to serve its users or members efficiently, thus to enhance the hotel industry blockchain was banked on thereby resulting to a platform known as Empire Hotels.

REVIEW ON EMPIRE HOTELS

Empire Hotels was created to enhance the hotel industry with blockchain technology so that with the decentralized feature of blockchain technology guest will have the opportunity to pay or book for a room with crypto.
Empire Hotels leveraging blockchain technology will end up making it possible for guest personal information to be secured as well as the details of the transaction which took place between the guest and the hotel.
Just as in the world today, the presence of third-party agents or Intermediaries also gives rise to increase costs or charges, therefore to ensure Empire Hotels is a cost-effective platform, the team also banked on blockchain, through this way eliminating third-parties or Intermediaries as all transactions within a blockchain platform always takes place on a peer-to-peer basis.
There will be no double booking as each room is verified before payment takes place. In the same way, the guest will be able to get their choice rooms, that is, a guest who smokes will get the right room and vice versa.
Empire Hotels will have a cross-platform application which will connect hoteliers and guests, through this way hoteliers will be able to list their hotels while guests will be able to browse through the listed hotels for their choice. In order to ensure more attention is drawn from guests, Empire Hotels ensures guest who frequently uses their services is rewarded.
Empire Hotels has an already developed Minimum Viable Product which is built in such a way as to incorporate the Empire Hotels application API as well as host and guest module; all these are then integrated to a user-friendly functional cryptocurrency wallet.
Empire Hotels aims to contribute its own little way to cryptocurrency adoption by charging hoteliers 2.99% for every booking made through the platform with other cryptocurrencies. Also, for fiat cases, the charge will be 7.99% while for EMPC (Empire Cash) there will be no charges.

CONCLUSION

The token of the platform will be a utility token with ticker EMPC while having a total supply of 1,350,000,000. EMPC can be used by guests to book for hotel services at a cheaper rate while hoteliers can use EMPC to pay for a listing fee or subscription fees.