Blockchain in Travel: A Revolution in Payment Processing Presented by: TripX
Gold Ballroom 2
Blockchain-based payment platforms will revolutionize both consumer and B2B payment processes in travel. Real-time payment processing is now ... [read more]
Blockchain-based payment platforms will revolutionize both consumer and B2B payment processes in travel. Real-time payment processing is now possible with cost reductions in billing, invoicing, payment, processing, collection, deposit, accounting, audit and reporting functions. Factor in the time value of money now versus 60-90 days after booking and, by some estimates, more than 60% of these costs could be saved. In many cases, EBITDA could double for primary suppliers and resellers. We'll outline how breakthroughs in Key Management, Tokenization, Security, Transaction Capacity and Speed will revolutionize payment processing. Learn how large and small companies alike can integrate a blockchain-based solution into their existing booking platforms to massively reduce complexity and costs. This is an opportunity to share the challenges and opportunities this brave new world offers.
Michael Culhane, CEO, TripXRees Morgan, CTO, TripX