Webjet & Microsoft Introduce Travel Industry Blockchain

Australia-based superbrand Webjet recognizes the value potential of the blockchain startup LockTrip and joins its mission by securing the rights for up to a 51% stake in what is a unique deal for the blockchain space. Summary of Article Travel Industry Leader Webjet Limited to invest up to $8.3M into LockTrip Managing Director of Webjet group himself, John Guscic and Director of Corporate Development, Lynne Oldfield to join LockTrip’s Board Webjet to Integrate the LockTrip.com Marketplace and the LOC economy into their OTA (Online Travel Agency) Websites in Australia and New Zealand....

A hotel bookings company based in Australia has developed a blockchain proof-of-concept in partnership with Microsoft. Using the tech giant’s Microsoft Azure platform as a basis, Webjet created what it described as a platform “to create shared, independent and trustworthy documents”. The company is live testing its blockchain solution across several of the Web-based services it operates, with an eye to expand over the next year. According to the Australian Financial Review, the trials began six months ago. The launch is notable given that Webjet began accepting bitcoin as a payment option....

Microsoft is projecting that a blockchain proof-of-concept developed with Australian travel agency Webjet will move to the pilot stage in 2017. Speaking at CoinDesk's annual developer conference, Construct 2017, Microsoft senior software development engineer Cale Teeter and technical architect Eric Maino said that they expect the project, which aims to facilitate travel bookings via a blockchain-based system, will attain its new development status within the coming months. "Webjet wanted to see, instead of everyone running their own proprietary systems, a system that connects....

Australian hotel and online travel firm Webjet has built a blockchain proof-of-concept (PoC) with tech giant Microsoft as its partner, the company revealed. Microsoft’s Azure cloud platform was used to host the blockchain to put it through the tests. The proof-of-concept solution is primarily aimed at its business-to-business division, according to the Australian Financial Review, with the aim to curb booking errors that routinely occur during any part of a booking transaction where travel agents, hotels and customers are involved. A single hotel stay could typically, involve five or more....

Webjet has become the first Australian online travel agency to offer bitcoin as a payment method. The company has partnered with Sydney-based bitcoin startup BitPOS to enable customers to complete digital currency transactions through its Webjet Exclusives website. Paul Ryan, CEO of Webjet Exclusives, said: It's an innovative addition to the existing payment options available on site. We are dedicated to providing our customers with a wide range of choice and flexibility in how they can purchase their travel deals." "In this particular case we are excited to extend this payment option to....