EMPIREHOTELS- The Future of Hospitality

stug (32)in #empirehotels • 5 years ago (edited)

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In this present age of high technology, the use of internet, influx of people into the cryptocurrency market has made an astronomical rise in the aspect of hospitality industry and the adoption of the blockchain technology. Nowadays most people use the internet and with the help of this internet, customers get to know more about online service booking, hotel reservations and suggestions about hospitality services. However, EMPIRE HOTEL has come to revolutionize hospitality through leveraging blockchain technology to facilitate better data management and transactions system for hotels. Empire Hotels also aim to create a currency to be utilized in the hospitality industry.

Despite the huge growth in recent years, there are still major barriers faced by hospitality industry. These barriers are Lack Of data management, high transaction fee, lack of infrastructural facilities, and high foreign transaction fee.

BARRIERS FACED BY HOSPITALITY INDUSTRY

LACK OF DATA MANAGEMENT: Lack of data management is one of the major barriers facing hospitality industry, whereby a manager mistakenly gives a wrong data as per to what the guest requested for. For example a guest was given a room full of smoke instead of the one with no smoke.

HIGH TRANSACTION FEES: Many financial institutions charges high fee when customers initiate any transaction.

DOUBLE BOOKING: This is one of the major barriers faced by hotel manager and this comes as a result of lack of trained personnel.

EXPENSIVE BOOKING PORTALS: Majority of the online booking portals charges high fees of upto 15-25% on booking cost.

PLATFORM MAINTENANCE: It is significantly high to maintain over-the-air service. Industries spend resources on infrastructural, software and hardware maintenance.

FOREIGN TRANSACTION FEE: Foreign transactions are another issue where guest are charged about 3% fees when booking in an international hotel.

DISTINCTIVE SOLUTIONS PROFFERED BY EMPIRE HOTELS

Empire Hotel aims to offer currency that can be used to book hotels, the use of this currency will help reduce transaction fees and fight against international payment charges and currency conversion rate.

Empire Hotel leverages blockchain technology to provide secure, relaibale and fast transactions. This will help protect users and fight against fraudulent activities in the hotel.

Through leveraging blockchain technology, the issue of double booking can be eliminated. Bookings will be executed as a crypto transaction in Empire Hotels platform.

The platform also is designed with three modules to provide best experience to users. Guests can use cryptocurrency and fiat currency to book hotel room such as Ethereum or using the main token EMPC Tokens.

Empire Hotel Platform also records every user rating in the blockchain network. This rating will help guests to find the right and best hotel.

The Empire Hotel Platform module also enables the decentralized arbitration module.

The API (Application Programming Interface) will help to provide an easy user interface to the hotels, so transactions can be initiated without human intervention.

HOW IT WORKS

A pictorial view of how the platform interfaces between the hoteliers and guests.

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EMPC TOKEN

The EMPC TOKEN is an ERC-2 Token built on the Ethereum blockchain technology. The token will be the main token and can be used to facilitate transactions in the platform. It has a total supply of 1,350,000,000 with a base price of 0.1$. The token can now be gotten in LATOKEN.

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TOKEN CASE USES

Hotel managers can use the token to pay for subscription fees on the platform.

The token can also be used as a reward.

The token can be used by guests to book for hotel rooms and services at a discounted rate.

Users who wish to become arbitrators can earn EMPC Tokens. He or she can use the EMPC Token to book hotel rooms or services in any listed hotel in the platform.

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