Travelport develops blockchain for hotel commission reconciliation

Travelport has partnered with IBM Services, BCD Travel and major hotel chains to develop a blockchain solution to enhance the hotel commission reconciliation process for corporates.The technology aims to optimise hotel commission processing on a distributed ledger by managing reconciliation, tracking and accounting for commission payments owed from hotel chains for services purchased by travellers via booking agencies. Travelport said it also creates an accurate and shared view of the booking status and commissions.Blockchain technology has the ability to gather data and build upon it in real time to independently and securely report information to any number of parties based on permission.