We design and build LockTrip, a decentralized open source bookings ecosystem for renting hotel
rooms, private properties or accommodation (the decentralized LOC Ledger). LockTrip will be
the first system which allows end customers and property owners to deal with each other on the
platform without any fee or commission. In addition to that, we will build LockTrip.com – which will
be the first marketplace/application that will connect with the decentralized engine (The LockTrip.
com Marketplace). The decentralized system will hold the LOC booking ledger which will be the
core of the engine.
Existing platforms (e.g. Booking.com, Airbnb.com, Expedia.com) are currently centralized and
take fees from the property owner and/or the end customer. Additional middlemen are the payment processors. All listings and deal parameters on LockTrip will be decentralized on the Ethereum
blockchain, eliminating all middlemen and guaranteeing transparent execution.