Share this article
Digital Travel Firm Webjet Has Launched Its Booking Verification Blockchain
The ethereum-based platform is aimed to do away with price and accommodation disparities in the travel industry.
Updated Sep 13, 2021, 11:41 a.m. Published Nov 7, 2019, 1:50 p.m.
Digital travel agent Webjet has launched its long-in-development blockchain-based platform in a bid to remove disparities in hotel booking data.
Working in conjunction with Microsoft through the firm's Azure blockchain-as-a-service sandbox since 2016, Webjet said Thursday the new Rezchain application will address hotel reservation snafus and overcharges by looking for data mismatches in real-time between customers, hotels and booking agents, and sending alerts if any are found.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Such errors are found in at least 5 percent of bookings, according to the firm. Once identified, they trigger "a time consuming and painful reconciliation process, resulting in heavy resourcing requirements and financial exposure."
Founded in 1998, ASX 200-listed Webjet hosts an online travel agent business throughout Southeast Asia, Australia and North America. The firm also operates business-to-business accommodation platform WebBeds.
Combining a “virtual handshake" and email "early warning system,” Webjet says Rezchain leverages the distributed nature of blockchain technology, storing information on a shared ledger to give each party involved with online bookings up-to-the-moment information. According to its website, Rezchain is built on a private version of ethereum.
John Guscic, managing director at Webjet, said in a statement:
“With multiple IT systems speaking different languages, mistakes are probable, and the default position is often to write off debts when the situation is not clear. For years, the industry considered it a cost of doing business. It doesn’t have to be that way any longer.”
Hotel image via Shutterstock
Mais para você
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
Proposed ‘AfterDark’ Bitcoin ETF Would Skip U.S. Trading Hours
The fund would hold bitcoin only overnight, betting on data showing bitcon gains mostly occur outside regular market hours.
O que saber:
- Nicholas Financial has filed with the SEC to launch a bitcoin ETF that holds BTC only during overnight hours.
- The “AfterDark” ETF buys bitcoin after U.S. stocks close for the day and then sells bitcoin and shifts into Treasuries during the American session.
- Data shows bitcoin tending to perform better when traditional U.S. markets are closed.
Top Stories
