GOEUREKA: NEXT-GEN SOLUTION SHAPING THE FUTURE OF ONLINE HOTEL BOOKING

INTRODUCTION
The growth of online travel agencies perfectly demonstrates the value of leveraging new technologies to disrupt existing industries. These online agencies have a huge advantage over the normal hotels since they are able to offer consumers low prices and more options. Today online travel agencies are growing and generating higher revenues than ever before and this has had a direct impact on the hotel industry. However, it is not all rosy for the online travel agency; traditional institutions that are slow to adapt digitally or resist the growth of online travel agencies risk being left behind.
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WHAT IS GOEUREKA ?
GOeureka is the next-gen travel tech company that leverages blockchain technology to build a hotel booking platform. They are aiming to decentralize the hotel booking sector and bring in higher transparency in pricing structure by allowing hotels to directly connect with their customers. GOeureka platform leverages blockchain technology to position itself as an unbiased and transparent technology partner to hotels, transforming traditional loyalty systems and delivering increasing value to all hotels and their customers. As a technology partner to hotels, GOeureka aims to provide a dynamic digital experience to users and eradicate the high commission structures imposed by online travel agents. By reducing the financial commitments of hotels to third-party booking platforms.
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THE VISION
GOeureka has a plan to create an online ecosystem where businesses thrive by offering the best services to travelers. As a technology partner for the hotel industry, GOeureka will offer a simple and direct app and web experience to users without the high commissions on most sites. GO's to enable hotels to focus more resources on providing better intrinsic value and services to customers.
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BLOCKCHAIN AND SMART CONTRACT
All transactions on the App will operate on GO’s smart contract.The smart contract acts as a communication layer between the platform and the blockchain. All transaction data will be sent to the smart contract to execute its terms, and the transaction will be stored in the blockchain.This removes the need for a middleman and facilitates lower transaction costs throughout the platform.
The GO platform utilizes the widely-used Ethereum blockchain. Ethereum’s smart contracts provide multiple language implementations that will facilitate future integration.An audit of all transactions on the platform will be kept on the blockchain each time the smart contract is executed.
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The GOeureka Platform Includes the Following:
  1. Website with booking and payment functionalities
  2. Mobile application for customers and hotels to communicate directly with each other
  3. A centralized database and server to store Personal Identity Information (PII), customer booking details, and data from hotels
  4. Utilize Ethereum blockchain and smart contract to generate decentralized GO Tokens and execute payout requests.
GO will store the PII, customer booking details, and hotel data off-chain to avoid pushing up network transaction fees and ensuring the immediate execution of user activity. GO will look to move its entire platform on-chain in the future, with the introduction of new blockchain technology (i.e., Raiden) that allows instant execution at minimal to no cost.
TOKEN INFORMATION
The GO Token is a digital token or virtual currency designed to facilitate transactions on the GO platform for the purchase of room nights, hotel services, and other internal processes and payments within the GO infrastructure.
GO Tokens are awarded to initial contributors during the token sale and may be traded on exchanges in the future or spent on the GO platform.
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ROADMAP
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TEAM
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Author by: Ayin2206

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