EMPIRE HOTELS: REVOLUTIONIZING THE HOTEL INDUSTRY WITH THE AID OF BLOCKCHAIN TECHNOLOGY

flezy (40)in #blockchain • 6 years ago

About Technological Advances And The Hotel Industry
When one says the world is evolving, it always points to technological advances which occurs in many fields, industries, platforms or systems. And one thing worth knowing about these technological advances is; its all attempts to make life easy and simple for humanity. Check it out, you can stay in the comfort of your home and call someone anywhere in the world, either voice or video calls. You can also stay at the comfort of your home and send money to anyone in the world, which blockchain technology is advancing now to make it more interesting. At the same time, you can stay at the comfort of your home and book a flight ticket, bus ticket, train ticket or a room in a hotel.
In fact, the statement that the world is now a "global village" can't be argued.

Like earlier stated, one can stay at the comfort of his home and book a room in any hotel of choice; ever since the advent of this feat, study has it that the hotel industry has witnessed a very high growth thus leading to more better customer services.
Also, as earlier stated among the technological advances in the world today is blockchain technology which has made it possible for transactions to take place from anywhere in the world at a low fee and as fast as possible. It takes place on a P2P basis, thus resulting in a more cheaper way of carrying out transactions. Also, blockchain technology uses smart contracts to ensure efficient services.
Therefore, assuming bringing blockchain technology into the hospitality industry in this case hotels? That is to say, there will be a more efficient way of booking for a room in hotels etc; this is what a project known as EMPIRE HOTELS, aims to offer.

WHAT IS EMPIRE HOTELS ALL ABOUT?

The Issues
In simple terms, Empire Hotels was created so as to enhance the hospitality industry with the aid of blockchain technology.
That is to say, what gave rise to Empire Hotels is the fact that there are issues which surround the hotel industry. A study has it that ever since the online booking comes to hotel services, that although there has been significant growth yet there have been issues also, which if not taken care of will mar the growth of this industry.
The issue is, the growth of the hotel industry made possible by online booking led to an increase of about 15-20% in hotel booking fees. These fees are not collected directly from guests, rather it's been collected from the hotel management who in turn charges guests by increasing service fees so as to balance the equation. Also, the advent of online booking has given rise to many online booking platforms each promising better services but yet none accept payment in both fiat and crypto, that is to say, they are still lagging behind.
Other issues such as double booking, the presence of Intermediaries and incorrect data has also led to unwarranted losses where hotels try to please their guests.
All these issues are what Empire Hotels aims to solve.

The Solution (Empire Hotels)
Empire Hotels was created by a team of brilliant minds who aims to revolutionize the hotel industry with blockchain technology.
Since blockchain technology offers a platform where transactions take place on a P2P basis, that is to say, Empire Hotels will be able to cut-off all Intermediaries, which will lead to the removal of unnecessary commissions while ensuring a better, efficient and cost-effective data management as well as transaction system for hotels.
In the same way, to ensure convenience Empire Hotels will leverage on its token (EMPC) to create a user-friendly platform and linking to other systems via its API.
Empire Hotels being a user-friendly platform will make it open to both hoteliers and guests, thus hotels can easily list on Empire Hotels cross-platform for free while guests will have the convenience of browsing their preferred hotels. When guest finds their preferred hotels they pay with Empire Hotel's token or ETH which is then converted to fiat and paid to associated hotels. Guest who utilizes Empire Hotels frequently is rewarded with added services.

CONCLUSION

Empire Hotels via the aid of blockchain technology will be able to create a one of a kind hotel platform where guests and hoteliers will experience a new level of services poised at making life easier and comfortable for them. With the aid of blockchain technology, Empire Hotels will offer cheaper booking, accurate reservation as well as secured and reliable services.
Empire Cash is the token of the platform with ticker EMPC. It is a utility token with a total supply of 1,350,000,000 and will be used for accessing the platform's services.