WHY THERE IS A NEED FOR EMPIRE HOTELS

flezy (40)in #blockchain • 5 years ago

The world is driven by Innovative services or rather innovations. When someone takes a good look or compare today's world with that of the services existing 50 years ago, the answer is clear; the world today has grown in all aspects. Today we have self-driving cars, voice and face recognition in related services, Robotics which are now used to carry out most duties done by humans, online payment systems such as PayPal, Verve, Visa, amazing technologies such as blockchain etc.
All these services and technologies are in a bid to make life enjoyable.
With reference to online payment systems in relation to the hospitality industry (hotels), imagine you want to attend a function or occasion in a certian region or country which will last for 3 days, and this occasion will be attended by many people. That is to say, you will need somewhere to rest or lodge throughout the occasion, this is where the hotel comes into play. But the main question is, will you wait till you get there before booking a room or can you just stay in the comfort of your home and book one? This is one of the importance of online payment systems, you can just book a room ahead of the event.
Yes, it has been established that online payment systems have succeeded in making life easy for us so what we can enjoy certain services be it in a hotel or other platforms.

In the hotel industry today, online booking has helped move the industry to a profitable one while the services offered by the management is a bit okay; but even at this growth, study has it that online booking services in the hotel industry are not so efficient as it has series of issues;
a. Online booking comes with an intermediary which ends up increasing underlying charges,
b. There is double booking and incorrect data which has the potential to stain the reputation of the hotel or make the hotel run into loss just to please all parties,
c. Guest personal information is not safe etc.

All these issues are resolved by a hotel platform known as Empire Hotels. The aim of Empire Hotels is to use blockchain technology so as to offer better hotel services to both guests and hoteliers.

WHY THERE IS A NEED FOR EMPIRE HOTELS

Empire Hotels aims to be dependent on blockchain technology, Ethereum blockchain to be precise. Therefore with the decentralization offered by blockchain, Empire Hotels will be able to remove any middlemen thus connecting guests directly with hoteliers.
Also, with this decentralization made possible by blockchain, Empire Hotels will ensure all transactions occurring between guests and hoteliers is secured from prying eyes.

In order to solve the aforementioned issues, Empire Hotels will also use blockchain to remove any chances of double booking. This is because smart contracts made possible by Ethereum blockchain are used to process transactions, thus before a guest gets a room the timeline is checked for free rooms. In the same way, since blockchain systems have proven to be highly efficient, incorrect data which is evident in online booking platforms will be a thing of the past, as guests will get their desired rooms.
Empire Hotels leveraging blockchain technology will be able to offer cheaper booking services for its guests and hoteliers, as transactions fees, international charges and currency conversion fees are all removed.

In the same way, Empire Hotels cross-platform application will make it possible for hoteliers to list their hotels at no fee while guest will then have the opportunity to browse for hotels at their convenience. When a guest chooses a hotel and pays with crypto, Empire Hotels then convert to fiat and pays the hoteliers. However, a guests that frequently use Empire Hotels platform will be rewarded and by being an EMPC token holder, the guest will be exposed to more benefits.
When a booking is made with other cryptocurrencies, Empire Hotels will charge the hoteliers 2.99% of the transaction cost, if the booking is made with fiat then the transaction cost will be 7.99% while if it's with Empire Hotel's token there will be no fee.

Furthermore, Empire Hotels will keep track of every hotelier's rating made by a guest on the blockchain thus removing any iota of manipulation. Any rating made will be transparent thus visible for guest so as to enable them to make a good choice.

CONCLUSION

It is a true fact that online booking systems have helped the hotel industry a whole lot, but the issues which faces it needs to be taken care of so as to enable better services and this is what Empire Hotels aims to achieve. By using blockchain technology, Empire Hotels will be able to offer efficient and trustworthy services for guests and hoteliers.
As earlier stated the token of the platform is EMPC (Empire Cash), it will have a maximum supply of 1,350,000,000. Being a utility token, it will be used for carrying out transactions within the platform.