Published On: Fri, Feb 2nd, 2018

Here Is Why LOC Token Will Cut Travel Prices by up to 20% in 2018

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Blockchain-powered service LockChain.co that creates a technological solution and a decentralized marketplace for property booking without intermediaries has announced in its official blog that its alpha version marketplace has officially been launched.
It is the first company that challenges giants such as booking.com and airbnb.com with its blockchain based online travel booking application. The company relies on cutting out any commissions and directly linking clients to hosts through their unique Ethereum based LOC Travel engine. The engine will utilize smart contracts for the execution of the bookings which will provide a free-to-use, trustless environment that protects both clients and the hosts.
The announcement comes shortly after the company has struck partnerships with around 100,000 hotels around the world. The hotels are expected to be integrated and ready for booking by the end of February 2018.
CEO of LockChain.co, Nikola Alexandrov, says:
Booking.com and Airbnb.com charge on average 20% from each booking that is made through their platform. Our plan is to utilize advanced blockchain technology and to cut out any commissions. It is the right of the host to receive the full amount of the money for the investment that they are making, and it is certainly …

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