blockchain

EY Pilots Blockchain To Buttress Airline Contracts

Blockchain is a big deal for EY, so that means it’s a big deal for EY’s travel department. The professional services firm, one of BTN’s top-ten spenders on corporate travel in the United States, will test distributed ledger technology for contract support with an unnamed airline. During a BTN Group-hosted webinar sponsored by the International…

Steve Singh, Thorsen And Other Notables To Unveil Corporate Travel Startup This Week

Steve Singh of Concur fame is back in corporate travel as chair of a Bay Area startup called Spotnana, which is due to reveal itself this week. Also involved are entrepreneur and travel risk management veteran Johnny Thorsen, travel management company disruptor Sarosh Waghmar and former SAP Concur sales executive Bill Tillman. In response to…

Startup TravelBloc To Leverage Blockchain, Artificial Intelligence In Business Travel Marketplace For Small And Medium-Sized Firms

A startup that checks some of the buzzy boxes is looking to create a business travel marketplace without much of the traditional distribution infrastructure. TravelBloc will target the unmanaged and small and medium-sized business segments. It plans to enlist travel management companies for support and use a global distribution system, but direct connections to airlines…

How Blockchain Can Simplify Partnerships

Fabrice Lumineau is professor of strategic management at the University of Hong Kong. Wenqian Wang is a Ph.D. student of strategic management at Purdue University. Oliver Schilke is an associate professor of management and organizations at the University of Arizona. Laura Huang is an associate professor of business administration at Harvard Business School. Their article…

Walmart Seeks Patent On Corporate Travel Contract Optimization

When you’re a big corporation, you can get nice volume discounts. When you’re the biggest, you get to reinvent how they’re used. Walmart seems to be at it again. The $524 billion retailer’s tech group built something specifically to optimize utilization of, negotiations for and supplier compliance to travel contracts. In spring 2019, the company…

ARC Notes Positive Booking Trends But Preps For Closures At Up To One In Four Travel Management Company Locations (Audio)

Tickets issued by corporate travel agencies last week were down 85.7 percent year over year. It was a slight improvement on the week before, continuing a modest trend. Speaking last week during a Teleconference call, ARC president and CEO Mike Premo shared his “marketing spin” that corporate travel grew by more than 50 percent during…

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