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BTU Protocol

Booking Token Unit Protocol

Booking Token Unit (BTU) protocol is a standardized building block for any decentralized application (dApp) or web site willing to implement booking features for their end-users. The BTU protocol also brings interoperability among decentralized applications that incorporate it. BTU protocol is currently under standardization in the Ethereum ecosystem as ERC-808. BTU token will be an ERC20 token running the protocol. All platforms implementing the BTU protocol would benefit from a hybrid approach combining an on-chain smart contract and off-chain software components, providing more scalability. A transparent and public inventory enabled by an open-source protocol would considerably lower the entry barriers to many internet booking markets.

4.2
7 6 expert ratings
Benchy 4.4
Experts
4.1
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3.6
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~$5,500,000
value of tokens sold in ICO
Ended
Token
BTU
Price in ICO
0.7500 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, China
preICO start
10th Apr 2018
preICO end
6th Jun 2018
ICO start
7th Jun 2018
ICO end
30th Jun 2018
More on ICO
Report

About BTU Protocol

In all booking platforms, we believe that centralization has led to an imbalance where online platforms are gaining more power over the actual service providers who bear the operational costs and investments. Digital network effects are preventing existing players from operating in a free market.

As a result, service providers are experiencing high commission fees ranging from 15% to 35%. Those fees are paid to the centralized “winner takes all” booking platforms.

Other issues with centralized booking platforms include, but are not limited to:

- Loyalty points are platform or service specific,
- End-user confidential information is at risk of large-scale hacks,
- Complementary services offered are limited.

With blockchain networks emerging as a new global infrastructure, we have the opportunity to create vastly different power structures. A public inventory and an open protocol lower operational costs while allowing fair competition between a higher number of market participants.

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ICO KYC Report
2 members invited
Vidal Chriqui
Passed
Hervé Hababou
Passed
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