Artificial intelligence-enabled travel platform Travelport, IBM (NYSE:IBM) and travel management company BCD Travel are jointly developing a blockchain platform to streamline hotel commission reconciliation.
Per a press release on Aug. 20, the companies are collaboratively working on the creation of a blockchain-based platform in a bid to optimize hotel commission processing. Specifically, the product will purportedly allow users to track and account for commission payments hotels owe for services that travelers bought through booking agencies.