The decision by Siemens to move all hotel sourcing to HRS isn’t only about improving the $101 billion industrial manufacturer’s lodging program. It supports a traveler-centric philosophy through flexibility and choice that’s also reflected in other areas like air travel and booking channels. Process efficiencies are a bonus. “This is not open booking by definition,”…
One of the first applications of blockchain to corporate travel is in the works at hotel distribution and contracting specialist HRS. Spurred in part by discussions with sourcing client Siemens, HRS is testing blockchain-powered smart contracts, allowing clients and hotels to negotiate rates that change based on environmental conditions. In another scenario, blockchain supports identity verification…
Will blockchain disrupt processes, companies or nothing at all? The question is playing out in the contrasting market approaches of distribution startups Blockskye and Winding Tree. The former is careful. It’s into change from within. It’s talking to the old guard. The latter is boastful and aggressive. It’s using dubious claims to generate investment interest….
THIS EVENT HAS CONCLUDED A LINK TO THE RECORDING WILL BE POSTED SHORTLY Introducing Blockchain Oct. 12, 2017 What the heck is blockchain? Tune in as we chat with travel tech consultant William Niejadlik, Blockchain Academy founder Bryant Nielson and Hospitality Technology Next Generation senior director of strategy and workgroups Armand Rabinowitz. It has infrastructure and…
Blockchain digital ledger technology could be used for loyalty programs, corporate contracts, payment, expense management, airport processing, traveler identity and maybe even travel policy and compliance. Innovators also are betting on distribution disruption. With tests beginning in about three weeks, Blockskye aims to shift the power in distribution “back to hotels and airlines” by enabling…
In the real world, contracts are a necessary evil. They require too many eyes and are full of unintelligible language. They can leave too much room for interpretation. Some are designed ideally to never be used, in the legal sense. Let’s say your company commits volume to a supplier in exchange for a discounted rate….
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