+1-888-308-5802     
News Contact Us

Travelport, IBM partnership to develop innovations for travel industry

Author : Pankaj Singh | Published Date : 2018-10-25 

Leading travel commerce platform Travelport has recently made an announcement saying it is expanding its existing partnership with IBM for developing innovations that would disrupt the travel industry. The company said it had completed a proof of concept for streamlining the validation, distribution and settlement of hotel content, using IBM Blockchain, between travel agencies and hotels and its own platform.

According to the announcement, the first of the two programs involves going forward to the next phase of development to streamline the hotel as well as in-trip experience ecosystem using IBM Blockchain. Offer choices through content, seamless booking and fulfilment experience are considered imperative for traveler satisfaction.

Travelport and IBM jointly determined that blockchain could help in providing travel agencies confidence in ease of sale and travel experience by managing content. Long-tail content suppliers would also be able to participate efficiently.

Working with IBM would remove barriers that limit choices in travel, said Travelport’s Chief Architect, Mike Croucher. The operator will hold the ability to upload bookings, work through contacts and administrative functions within the blockchain network, instead of the expensive way of manually managing and owning such tasks, he stated.

Elizabeth Pollock, Industry Client Leader at IBM Travel & Transportation, mentioned that by implementing a smart contract across a distributed ledger, settling payments within the blockchain network and so on, the blockchain technology considerably reduces the processing time. Transparency in the system across all parties is another benefit of the technology, she added.

As part of the second initiative, Travelport and IBM will work towards generating enhanced travel experiences by taking advantage of the vast travel data held by Travelport. By applying the Watson Analytics Studio of IBM, Travelport would look to develop new services, like personalized recommendations or highlighting the best time to buy, based on previously compiled travel data. 

These tools will allow travel agency subscribers to offer more value to the travelers they serve, the company claims. Supposedly, Travelport’s wide range of travel supplier content will also become easily accessible for the travelers.

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

ByteDance could lose $6 billion following recent TikTok ban in India

Published Date: 2020-07-03         Author: Pankaj Singh

The latest decision taken by the Government of India to ban 59 Chinese smartphone apps is trending worldwide, especially across China. As per a report by China’s Global Times, ByteDance, the parent firm of Helo and TikTok, is likely to incur a loss of about $6 billion after this imposed ban by... Read More

Oyo suspends MGB contracts for property owners due to reduced revenues

Published Date: 2020-07-01         Author: Pankaj Singh

The adverse impact of COVID-19 pandemic is becoming more and more evident across the world. It is being speculated that  nothing of this magnitude has been observed for more than 100 years since the 1918 Spanish Flu pandemic. Till now, over ten million people have been infected in over 200 nati... Read More

Universal Studios postpones the opening of Nintendo-themed area

Published Date: 2020-06-30         Author: Pankaj Singh

The ongoing COVID-19 pandemic has claimed the lives of over half a million people and affected more than ten millions around the world. As the current situation is worsening, many world events as well as the opening of theme parks have been canceled or postponed in order to reduce the spread of the ... Read More

© 2020 Fractovia. All Rights Reserved