blockchain

Op Ed: Louise Miller On TMC Innovation Coming Back Into View

Louise Miller, managing partner in the Americas for Areka Consulting, sees opportunity for suppliers and buyers to reorient their thinking and emerge from the pandemic crisis with improved products and programs. For travel management companies, the key is to recognize the forces behind innovation. Over the past five years, we’ve seen unprecedented investment in the…

Op Ed: Mat Domaradzki On Blockchain’s Potential In Corporate Travel

Mat Domaradzki is a travel manager for ConsenSys, a blockchain technology company. The following guest column is adapted from his presentation during a September event held by the New Jersey chapter of the Global Business Travel Association. A successfully managed travel program requires participation and mutual trust among many different parties. For employees, that trust…

IBM, Travelport Ready Blockchain Service For Commission Processing As Smaller Firms Also Make Progress

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…

Blockchain: It Takes A Village

New York — Tech thinkers from corporate travel agencies, airlines, investment firms and others gathered Wednesday for the first Blockchain In Travel Summit, hosted by JetBlue Ventures. The consensus was consensus. For blockchain to improve how travel companies work with each other, it’s all about collaboration. These are early days. Speakers here and also during…

Blockchain Startups Take On Hotel Commission Processing

People disagree on how much and when, but blockchain seems destined to improve how hotels track and pay commissions to travel management companies. This always has been a gnarly process, so many will welcome the change. Clearing up mismatched data, resorting to dunning, failing to trust … it’s so bad, the industry accepts “commission recovery”…

United Revealed As Airline Participating In ARC Test Of Blockchain For Corporate Travel

Airlines Reporting Corp. (ARC) announced the completion of a proof of concept with Blockskye for the use of blockchain in corporate travel. The billing and settlement company also revealed the previously unnamed airline participant, United Airlines. It did not name the participating corporate account. ARC today described the pilot for reporting and settlement of United…

Air Canada Puts Its Name Behind Blockchain

Air Canada is in talks with Blockskye and Winding Tree about ways to use their blockchain technologies in distribution, corporate contracts and settlement. Announced in late October, the latter relationship would have the airline connecting its NDC-compliant application programming interface to a public blockchain, according to Air Canada director of global product distribution Keith Wallis….

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