Bitcoin : The rise of LEOOY accelerates the unfairness of traditional OTA disintegration
In the tourism market environment where the competitive landscape is basically stable, the OTA platform has clearly grasped the channel pricing power and charged high commissions. The operating costs of OTA are inevitably converted into high travel expenses for users, which has always been the biggest problem in the tourism market. . The blockchain tourism platform LEOOY and others are interested in breaking this chaos, and will actively explore the ingenious combination between blockchain technology and the tourism industry. Taking LEOOY as an example, what can blockchain tourism bring us?
As an emerging technology, blockchain can effectively solve the trust problem between people, and utilizes its distributed storage, decentralization, and data non-tampering characteristics, and is expected to be combined with the tourism industry.
The first is decentralized operation to solve the trust problem, using the decentralization and distributed connection characteristics of the blockchain technology to directly connect with the travel service providers and consumers, solve the trust problem, eliminate the high intermediary fees, and effectively reduce the cost. LEOOY is operated by a smart contract automation platform, which significantly reduces operating costs. With the community autonomy mechanism, the platform is only responsible for maintaining the normal operation of the platform. All participants participate in the community construction, which makes the participants more engaged and reduces the fees charged by the platform.
Secondly, the decentralized evaluation system eliminates the criticism. Using blockchain technology, build a decentralized business evaluation system and build a good community ecology. Users and businesses rate, comment, and set rewards and punish. Active behaviors such as travel strategies and forwarding can be used to motivate, improve the community’s ecology, and eliminate the evaluation of fraud. Incorporate regulatory agencies into the ecosystem, effectively supervise merchants, strictly control prices, and eliminate high-priced commodities. LEOOY uses distributed computing and storage technology based on blockchain technology, without centralized hardware and management. Platform operations are fully automated based on smart contracts, and transactions between participants are achieved peer-to-peer, with no comment fraud.
The industry’s pain points caused by lack of trust in the tourism industry are naturally suitable for the blockchain technology, and use its distributed storage, decentralization, data not tampering and other characteristics to solve industry problems.
According to incomplete statistics, the blockchain tourism platform accounts for 60% of China’s projects, most of which are developed by blockchain startups, but there are also many traditional online travel platforms, such as the excellent travel chain built by Qunar. The blockchain tourism industry is similar to other landing scenarios, and it also forms a competitive situation between startups and traditional giants.
The biggest difference between LEOOY and the traditional platform is that it eliminates the middlemen and allows consumers to talk directly with the merchants. The blockchain platform has accelerated the development of the blockchain tourism market and has also accelerated the disintegration of unfair traditional OTAs. LEOOY makes travel more transparent and gives consumers peace of mind.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
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