Goeureka- NEXT-GEN SOLUTION SHAPING THE FUTURE OF ONLINE HOTEL BOOKING

ololatide (11)in #cyptocurrency • 5 years ago

GOeureka is an online booking platform that leverages blockchain technology to tackle current issues in the travel industry such as high commission structures imposed by online travel agencies (OTAs) and the fragmented loyalty programmes within the hotel industry. The platform is a partially decentralised web and app platform to provide travellers and hotels direct access to communicate with each other.

HOW IT WORKS

Hotels
GOeureka gives hotels an opportunity to get closer to their customer by directly connecting them with one another.Hotels benefit from zero-commission fees and the GO interoperable loyalty points feature allows hotels to lower their liability to members

Go Platform
GOeureka’s decentralized platform provides full transparency for all bookings and transactions that occur on the platform. While protecting users’ private identifiable information, GO will store transactional data on the Ethereum blockchain, therefore removing fraudulent activity and preventing disputes.

Consumers
GOeureka offers the best possible prices to consumers and enables travellers to search and compare the rates across 400,000 hotels worldwide.

Travellers are able to book and manage their hotel stays through the GOeureka web and mobile application.

Web & App
Consumers enjoy a range of benefits with GOeureka:

0% Commission: Payment with cryptocurrencies that are devoid of merchant fees thus driving best possible rates for consumers.
Double the rewards: Unlock more travel rewards by earning GO credits, our internal loyalty program, and combine this with benefits from your current hotel loyalty programs.
Automated Price Drop Rebooking Feature: Patent pending feature that automatically rebooks your hotel when prices drop.

Platform Overview

GOeureka aims to develop an easy to use, reliable Facility and Services booking system with persistent indisputable records. As with all new systems, much of what is proposed will evolve over time as requirements change. The web platform will be developed with a backend built on the Python Django framework while individual components will be built using a mix of programming languages (HTML, CSS, Javascript, Golang, etc.) and the mobile application built on the Ionic framework. The database will be a PostgreSQL database that runs on a cloud server (Amazon Web Service) with certain data validated and stored on the Ethereum blockchain. Smart contracts will be ERC20 compliant (though newer standards may be applied after the time of writing) and customized using Solidity

It is a key goal that the GOeureka platform provides for widespread usage, therefore utmost priority will be given to platform performance, user interface and experience. Majority of the 2 system will be built in off-chain components but critical information will be stored in persistent smart contracts.

The critical factors addressed are:

● The design of a secure mobile wallet that the average user feels comfortable using and is recoverable by the same user in the event of a lost device.

● The GO token which can be held, spent or traded.

● The GO credits which offers preferential rates when purchasing products and services. · An exchange allowing the purchase of GO credits in exchange for GO tokens ● A management system to allow booking and recording of scarce, non-fungible resources (e.g. room-nights). Making this booking comes from:

○ payment of deposit in GO credits (automatic)

○ acknowledgement by the payment facilities during deposit through classic methods

● A booking and payment system for less scarce resources - e.g. spa sessions, meals, activities etc

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 valu

IMPACT ON HOTEL DIRECT BOOKINGS

Online travel agents dominate the sector, driving up to 70% of all online bookings

HIGH COMMISSIONS

OTAs charge hotels 15%–30% commissions, impacting hotel margin

LACK OF ACCESS

Increasing dominance of OTA's limits hotel's access to consumers

TOKEN DETAILS

GO Token The GO Token is a digital token or virtual currency designed to facilitate transactions on the GOeureka platform for the purchase of room nights, hotel services and unlocking a range of other benefits and travel rewards.

Token Type Utility

Standard ERC20Token

Ticker GOT

Tokens for sale 600 million tokens. All unsold tokens will be burnt.

Token price$0.10

Bonus Distribution Private sale - 30% | Pre-ICO Phase 1 - 15% | Pre-ICO Phase 2 - 12.5% | ICO Month 1 - 10% | ICO Month 2 - 5%

Hard Cap USD$60 million

We Accept ETH, BTC, USD

Restricted Countries USA, China

TOKEN DISTRIBUTION