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LockTrip is a decentralized open source bookings eco-system 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. LockTrip.com - which will be the first marketplace 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.
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