Mar 30, 2018
Our mission is to create an open source standardized decentralized booking protocol along with reference implementations that can be leveraged by participants in industries such as hospitality, travel, finance, healthcare, retail, automotive and more.The BTU protocol is being standardized as ERC-808 and requires the use of the Ethereum-based BTU token. The purpose of the BTU Token is to incentivize proper behaviors such as rewarding successful bookings and enforcing late cancellation and no-shows policies. All applications implementing the BTU protocol would benefit from a hybrid approach that combines an on-chain smart contract and off-chain software components, providing more scalability. Finally, a transparent and public inventory enabled by an open-source protocol would considerably lower the entry barriers into the online booking markets.
Attention. There is a risk that unverified members are not actually members of the team
$173 327 498
PositivesDedicated Team: Vidal Chriqui is the managing director of the platform. BTU’s team has an extensive background in distribution systems and big data. Because of this, their team is expected to complete the project and bring value to their users.Targets Multiple Markets: With BTU, it’s able to target markets such as the entertainment, utility, sports, transport, beauty, and other industries.Reward Mechanisms: BTU tokens are used to reward users who participate in the protocol. Bookers are rewarded with BTU tokens when they’re mining successful bookings.NegativesBooking Security: How does BTU make sure that users who are creating bookings on this platform have their data protected?MVP: BTU needs to release an MVP so that we can see how its booking process works in an open market.
The platform is very real with a verified and experienced team. They are attempting to make the industry safer for all users, by improving the way their identities are protected. There is no ICO as of now, but it would be a smart idea to keep an eye on Booking Token Unit Protocol.
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