EMPIRE HOTEL - EMBRACING TRUE HOSPITALITY USING BLOCKCHAIN TECHNOLOGY

ifykiki (43)in #hotel • 5 years ago (edited)

Introduction
This era is an era of technology where every aspect of the global economy has its touch. The advancement happens to the monetary system and digital currencies were created. This currency is now universally a medium of exchange and a way of settlement of bills. So many aspects of trading has adopted this method of payment. The reason for its adoption is based on its security level and transparency among others. Another product of this technology is the online bookings, men can book for flight without entering the airport, he can as well book for hotel room far before the need to travel. Although there are numerous platforms that carry out online booking but there are some flaws associated with those platforms. To put things back to order and make hospitality more interested, Empire Hotel was established.

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Identified flaws associated with pre-existing hospitality platforms
The introduction of portals for online booking has granted the hospitality industry growth since its invention. However, this industry has some hindrance to it's smooth running. Some of this pain point includes;
1. Double-booking
This is a scenario that happens when a hotel room was reserved for more than one person. This problem is an administrative problem caused by staffs without sufficient training.
2. Transaction and financial charges
The transaction fee for most platforms are very high. These platforms tend to put all their payment of the financial institutions on the customers.
3. Currency conversion problems
When a client makes payment with foreign currency for booking, the charges applied for the conversion of this currency is relatively higher than its normal booking price.

The Empire Hotel's solution

This platform will solve the problems stated above by the total removal of middlemen and adopting the technics of blockchain technology to put in place a better transaction and management system to make the hotel a role model. By so doing, the re-evolutionalization of the industry in its operation will be achieved.
The special architecture of this platform will make the hotel to be booked using cryptocurrency.
All transactions will be executed and secured in a peer to peer network that is decentralized so that the data management system of the platform will be the best and the transaction cost will be relatively low compared to other platform with similar service.

Benefits of choosing the Empire Hotel as your choice hotel
1. Their booking is very cheap and affordable
When bookings are made with crypto decentrally, it makes the transaction fee low and totally eradicate international charges and conversion of currency. When this procedure is used, the profit of the platform is increased with the amount of booking relatively low and affordable.
2. Reliability and security
Through the adoption of blockchain transaction process, transactions are safe and extremely transparent. All transaction will have their unique identity and all data that are not sensitive during the process of booking will be encrypted and save in transaction record thereby protecting the customers and hotel against Fraudsters.
3. Accurate reservations
Customer bookings are treated as a transaction of crypto in this platform. Rooms timetable is verified on blockchain to eliminate the probability of double booking.

Empire Cash Tokens (EMPC)
Empire Hotels has introduced a token called the Empire Cash Tokens(EMPC) which would be used as a means of payment on the platform aside Fiat, used for hotel bookings at a zero transaction fee. Holders and users of the EMPC Tokens will be entitled to several benefits including bonuses for using the platform. The token's total supply is 1,350,000,000 and can be purchased on the Latoken exchange with ETH, BTC and USDT trading pairs.

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