We design and build Lockchain, a de- centralized open source bookings ecosystem for renting hotel rooms, private properties or accom- modation (the decentralized LOC Ledger). Lock- chain will be the rst system which allows end customers and property owners to deal with each other on the platform without any fee or commis- sion. In addition to that, we will build LockChain. co - which will be the rst marketplace/applic- aiton that will connect with the decentralized engine (The LockChain.co 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 param- eters on Lockchain will be decentralized on the Ethereum blockchain, eliminating all middlemen and guaranteeing transparent execution.