TRAVELING WITH GOeureka

GOeureka

GOeureka is the next-gen travel tech company that leverages blockchain technology to build a hotel booking platform. They are aiming to decentralize the hotel booking sector and bring in higher transparency in pricing structure by allowing hotels to directly connect with their customers.

Benefits of GOeureka

This project is based on blockchain technology that can be relied upon to store user data in the system. It is almost impossible to hack because data is stored on distributed network nodes. Thanks to KYS registration, a traveler is protected from fraud - only real hotels can register on GOeureka.

HOW IT WORKS

Customers search the GOeureka platform for their next hotel stay. Hotel information, booking rates and services are displayed. Interoperable loyalty program and re-booking features areavailable to customers.

Hotels update their ratesmultiple times a day. Our unique algorithm will automatically re-book existing customers’ bookings,(at no extra cost) when the hotel reduces their rates ensuring that you always get the lowest possible price.

Customer receives price drop notification and the difference is credited back to the users account.

The GOeureka Platform Includes the Following:

· Website with booking and payment functionalities

· Mobile application for customers and hotels to communicate directly with each other

· A centralized database and server to store Personal Identity Information (PII), customer booking details, and data from hotels

· Utilize Ethereum blockchain and smart contract to generate decentralized GO Tokens and execute payout requests.

GO will store the PII, customer booking details, and hotel data off-chain to avoid pushing up network transaction fees and ensuring the immediate execution of user activity. GO will look to move its entire platform on-chain in the future, with the introduction of new blockchain technology (i.e., Raiden) that allows instant execution at minimal to no cost.

PROBLEMS WE SOLVE

LACK OF TRANSPARENCY LEADING TO HIGHER PRICES

Inequitable commissions to OTAs ultimately decrease hotels' margins and increase consumer prices

NEGLECTED HOTEL LOYALTY PROGRAMS

Consumers miss out accruing points and subsequently free hotel rewards

SEARCH BIAS

The manufactured bias through modified and reordered search results on OTA's ultimately costs consumers choice and value

SOME ADVANTAGES OF GOEUREKA

-The project is based on blockchain technology which reliably saves user data in the system. It is almost impossible to hack it as data is stored on distributed network nodes. Thanks to KYS registration, a traveler is reliably protected from scams only real hotels can register on GOeureka.

-The system of settlements on GOeureka is built on the use of smart contracts that automate transactions, reducing user's actions to a minimum. Moreover, the platform has a bonus system a regular customer can get bonuses from a hotel, an active user will receive a reward from GOeureka for contributing to the development of the ecosystem. Bonuses can be spent only on services within the platform both fully or partially.

-GOeureka platform allows consolidating a single structure of numbered lists for all hotels in the world within one resource. A user always gets access to fresh offers and can ask a hotel manager the necessary questions in a free chat.

-Each registered user gets the opportunity to issue GO debit card, which provides access to user's cryptocurrency account with the possibility of instant conversion to fiat. The card is accepted anywhere in the world.

TOKEN INFORMATION

The GO Token is a digital token or virtual currency designed to facilitate transactions on the GO platform for the purchase of room nights, hotel services, and other internal processes and payments within the GO infrastructure.

GO Tokens are awarded to initial contributors during the token sale and may be traded on exchanges in the future or spent on the GO platform.