{"id":2952,"date":"2018-01-08T09:23:58","date_gmt":"2018-01-08T09:23:58","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=2952"},"modified":"2018-01-08T12:32:29","modified_gmt":"2018-01-08T12:32:29","slug":"lockchain-secures-100000-hotels-block-chain-marketplace","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/lockchain-secures-100000-hotels-block-chain-marketplace\/","title":{"rendered":"LockChain Secures 100,000 Hotels For Block Chain Booking Marketplace"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/01\/lockchain.jpg\" alt=\"\" width=\"300\" class=\"alignleft size-full wp-image-2996\" \/><a href=\"https:\/\/lockchain.co\/\">LockChain<\/a>, a company involved in the development of block chain technology based hotel booking services, announced that it has entered into a strategic partnership with 100,000 hotels across the globe. <\/p>\n<p>It is the first time a block chain technology company has entered into the hotel industry, which is <strong>estimated to be worth approximately $500 billion<\/strong>.<\/p>\n<p>The use of block chain technology has practically removed intermediates used for booking rooms in hotels, thereby making it cheaper for the guests.<\/p>\n<p>It is a boon for hotel owners as well, as there is no need to lose a considerable portion of their revenue to centralized services such as <a href=\"https:\/\/www.airbnb.com\"><strong>Airbnb<\/strong><\/a>.<\/p>\n<p>The alpha version of LockChain\u2019s marketplace is currently available. LockChain is also planning to launch an app and a browser version for end users. <\/p>\n<p><strong>LockChain<\/strong><\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/iwurM-Mj9fY?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>LockChain successfully completed its token sale in November 2017 and raised 10,500 <a href=\"https:\/\/www.legitgambling.com\/news\/ethereum-tops-1150-market-cap-crosses-127-billion\/\">ETH<\/a>. <strong>LOC<\/strong>, the native token of LockChain, is required to execute transactions on the platform. <strong>HitBTC, Etherdelta, and Mercatox<\/strong> exchanges have already added LOC to their trading platform.<\/p>\n<p>The company\u2019s advisory board includes <strong>Rosen Plevneliev<\/strong>, the former President of Bulgaria. LockChain has ensured that the hotel rooms are rented at extremely competitive prices. A comparative analysis done by the company between 21 properties indicated that the cost offered by its platform is almost 17% to 18% lower than the most popular online travel agency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LockChain, a company involved in the development of block chain technology based hotel booking services, announced that it has entered into a strategic partnership with 100,000 hotels across the globe. It is the first time a block chain technology company has entered into the hotel industry, which is estimated to be worth approximately $500 billion. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-2952","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LockChain Secures 100,000 Hotels For Block Chain Booking Marketplace<\/title>\n<meta name=\"description\" content=\"LockChain, a block chain based hotel booking marketplace, announced that it has secured 100,000 hotels, offering competitive package for travellers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/lockchain-secures-100000-hotels-block-chain-marketplace\/\" \/>\n<meta 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