Travelport is to develop a blockchain solution with IBM Services and BCD Travel to enhance the hotel commission reconciliation process.
The solution aims to optimise hotel commission processing through managing reconciliation, tracking and accounting for commission payments owed from hotel chains for services purchased by travellers via booking agencies.
Blockchain technology behaves like an online ledger with the ability to collect data, build upon that data in real-time, and then independently and securely report information to any number of parties based on permission.
Travelport and IBM are currently working on a partnership with industry stakeholders to evolve the solution into an active pilot programme.
