IBM, Travelport Ready Blockchain Service For Commission Processing

Fibo Quantum

Travelport has agreements with “major” hotel and travel management company partners to pilot a hotel commission tracking and collection system using blockchain technology from IBM. Travelport chief architect Mike Croucher said during a Monday interview that he would be disappointed if the initiative did not produce a working solution this year.

Other industry efforts to apply blockchain to commission processing involve companies including CWT.

Commissions represent a vital revenue stream for travel agencies that in many cases helps hold down management and transaction fees charged . . .

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