Empire Hotels- The Usefulness of Empire Cash Tokens to the Empire Hotel Platform and The Hospitality Industry in General.

irawati99 (-1)(1)in #empirehotels • 6 years ago

#Cryptocurrency #EmpireHotels #EmpireCash #Decentralized #investors #blockchain #technology #hospitality #travelers #crypto #tokensale #App #whitepaper #digitalasset #empowering #digitalcurrency #token

Hello community steemit and investors

Introducing

As we all know, a hotel reservation system works by processing secure online reservations made through a hotel’s website. The data is then passed onto a backend system which can be accessed by hotels to manage bookings. Other features may come with it – for example, the automation of reservation confirmation emails.EMPIRE HOTELS is a global platform and application, where users can order rooms and services using fiat and crypto assets, using blockchain and

smart contracts.

EMPIRE HOTEL is a progressive type of current web based booking, barring every concealed installment and outsiders, while guaranteeing an abnormal state of trust and security of every customer.
On account of the blockchain innovation, Empire Hotels can settle some of the above mentioned and other existing issues. For example, double booking and entering of wrong information when booking on the web. At first look, it might appear that these two blunders are innocuous and don't convey any risk. All things considered, such slips incite an entire chain of disagreeable activities that adversely influence the general impression of the visitor and the further evaluating of the most reinforced establishment.

Be that as it may, regardless of all these positive angles, there are other negative perspectives concerning the exemplary online travelling projects. I believed many of us have heard once about Booking and what it is? Booking is a standout amongst the most famous web based booking stages anyplace on the planet. Its working standard is extremely straightforward. You set the parameters and classes you need, and it offers the current alternatives. Also, this Commission is paid by the owner of the picked property, with the goal that its item is recorded in the database Booking.
Every one of these perspectives leads to one exceptionally enormous issue which is the high expenses on rents. That is, you could book a similar room a lot less expensive, however payments need to be made for it.
The group of pros, which has built up its new decentralized venture with the assistance of the advanced technology, expects to rectify all the associated problems.

ABOUT EMPIREHOTELS
Empire Hotels, a revolutionary booking platform, intends to solve this pain point faced in hospitality industry by cutting out commissions for third parties and leveraging the blockchain technology to facilitate better data management and transactions system for hotels. Empire Hotels aims to offer a currency to be used in the hospitality industry, thereby creating an easy-to-use platform for the public, and an API for integration with other systems.
Empire Hotels is a booking platform built on blockchain technology, and it will be able to solve the major problems faced in the hospitality industry and provide the best user experience to guests and the service provider. Which are:
Double booking - The double-booked room is an unavoidable issue. Well-trained staff can prevent booking errors.
Incorrect Data - Incorrect data can put a great amount of stress on both the customer and the front desk agent or manager.
Expensive booking portals - Majority of the hotel bookings happen through online booking portals. The portal charges usually sum up to 15-25% fees on the booking cost.
Platform maintenance - In order to maintain an Over-The-Air service up and running, companies spend resources on infrastructure, software and hardware maintenance.
Financial and transaction fee - The financial institutions between the customer and the hotel will charge a fee to process transactions.
Foreign transaction fee - When booking an international hotel, fee of approximately 3% is discreetly charged from the guest to process the transaction.
Currency Conversion Fee - When someone pays with foreign currency to book a room, the rates applied on the currency conversion are generally higher than what the rates actually are moment of booking.

How It works?

The Empire Hotels cross-platform applications interfaces between hoteliers and guests. It works just like any other booking platform; hoteliers can list their hotels on the platform for free and guests can browse through the listed hotels. In the Empire Hotels platform, all booking transactions and inventory management data are stored in the blockchain network for effective data management.
Through the platform, guests can make payment using cryptocurrency - EMPC tokens (it is the utility token powering the platform), which will be converted to fiat and paid to hoteliers by the platform. Guests are rewarded with added services when they use the platform more frequently. The incentive model of the platform is designed to encourage guests to use the platform frequently and to hold the EMPC tokens with them longer to get more benefits.

Empire Cash (EPMC) Token
Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts “and will not be subject to processing fees”. Now and the Future of Empire Hotel For company security to work with Netverify (which “helps prevent fraud, fake or stolen ID use”). Others include Accubits, which “really pushed [Empire Hotel] into the market” and AppInventiv: “an application development company, based in India”. Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts “and will not be subject to processing fees”

THE BENEFITS OF USING EMPIRE HOTELS

All the plans of this ecosystem will be executed through using its token which of course holds the transactions in it. This innovation is one that has been well designed to take care of the money activities that is done in it and as such it won't fall short of this responsibility. Accommodations would be secured successfully through the native coin of this network and other features will be deployed as required as it works. When users are to make bookings internationally, this platform will see to it that they don't incur all unnecessary cost along the line but only allows them to pay if it is important for a particular purpose. Since all of those unnecessary fees add up to the cost of booking accommodations, the cost in booking accommodations will be lower than before because all of those costs have been cut out already.

It is built on the block chain for security essentially and this is a very important Feature that shouldn't be lost in this sector. It helps users to establish the confidence needed to continue their activities in it. It provides safe storage for users data and makes them able to do all what they do in it continuously and continue to have great results. It uses three modules that holds that system and supports it as it performs all of the services while avoiding all the risks that is associated with it.

CONCLUSION

With this innovation, travellers can easy have the solutions to the issue they encounter in booking accommodations in the their countries and also in foreign nations. Empire hotels provides that luxury and establish this same quality everywhere as long as this platform gets adopted there. All its provisions will serve the users and assist in setting the perfect standard for hospitality in every part of the world such that no issues will spring up again. Now it is sure that all the hotel owners won't find it interesting again to stick to the old style of providing all the services provided so they will embrace this new strategy and do better than before. Now travellers won't be bothered about anything again apart from them choosing where they wish to have their accommodations.

As I said before, the premise of everything will be an inside token, with which anybody can pay for their booking, wherever he went. This marker has an extremely short name (EMPC), yet a profound importance. In the first place, with the assistance of a token, you can affirm your booking inside Empire Hotels, yet additionally get extra advantages from the designers for the way that you simply keep a specific measure of coins in your wallet for quite a while. Furthermore, the EMPC token can be effectively changed over into Fiat and other well known digital money monetary forms, which will normally extend the association between all members of the Empire Hotels framework.

ROADMAP

First Draft of the Idea - November 2017

The first idea for the app and the platform was designed. Even though this idea has changed over time, it was in November 2017 that we first discussed the development of this project.

Smart-Contract Design - March 2018

The smart-contract development and audit is a crucial stage in the process of an ICO. During this stage, the crypto-economics, figures, and supply were defined.

Whitepaper Development - March 2018

The whitepaper describes the technology and the features of our apps and platform, as well as the plans for the future.

Website + Dashboard Development - June 2018

The website and dashboard for the wallet was developed using the most modern technologies, and was repeatedly tested on many different devices.

ICO Phase - Commenes in January 2019

The ICO Phase will commence in January 2019 and will be split into three parts: Pre-ICO (pre sale), Phase 1, and Phase 2.

App Launch for Android and iOS - April 2019

The first version of the app will not be beta; it will be fully operational. This version will have all the features enabled from day one and will be updated over time.

EMPIRECASH Pay Launch - July 2019

This feature, scheduled for July 2019, will provide a tool for users to pay via contactless using their phones, whilst withdrawing from their available EmpireCash coins.

Initial Coin Offering