GOeureka | Booking & Inventory Platform

Booking & Inventory Platform

The web application platform will host a booking platform for travellers and a hotel inventory system for hotels. Travellers will be able to search and book hotels. Hotels can update room inventory and prices directly or integrate with channel managers. A majority of hotels manage their inventories using channel managers as a single point of management, therefore GOeureka will provide necessary APIs (Application Programming Interface) for integration. GOeureka will also work directly with major channel managers to automate the integration process for hotels.

GOeureka " CEO Manraj Rai " | Blockchain Hotel Booking Platform

Rebooking Feature

Travellers will enjoy automatic post-booking discounts for their stays through GOeureka’s patent-pending rebooking feature. The GOeureka rebooking algorithm detects when a hotel rate drops, and automatically re-books an existing booking (qualified bookings that have not passed and are within valid cancellation policies) at the lower rate. Travellers will be notified of their discounted stay.

When hotels choose to drop their rates on the GOeureka platform, they will receive a summary report on the affected bookings and the total discounts provided by the rate cut. This will allow hotels to make true informed decisions that are beneficial to themselves and their guests.

GO store

The GO store is an in-app exchange for token holders to purchase GO credits using GO tokens. It is a safe and fast liquidation option for token holders to convert tokens into spendable fiat-value credits. Users enjoy discounted products and services on the GOeureka platform when purchasing with GO credits. GO credits are fiat-valued in-app credits that allows for instant transactions and off-chain settlement. Token holders will redeem GO credits according to the prevailing market rate at time of exchange. GOeureka will rely on data sources from various exchanges and number of custom oracles to retrieve the average token price on the market. Users will use the proxy wallet detailed below to exchange GO tokens for GO credits.

Payment Processing

GOeureka aims to provide multiple payment methods that appeal to both traditional and crypto consumers. Consumers will have the option to transact using fiat currency, major cryptocurrencies, GO credits or loyalty points. Prices of goods and services will be displayed in fiat and the cryptocurrency of user’s choice. There are multiple available approaches for the development of GOeureka’s payment processing.

For the traditional checkout process where payment is made in fiat, GOeureka will implement a third-party payment gateway. This method sees payment being processed through a payment gateway (e.g. PayPal) that sends transaction details to a payment processing network (typically hosted by a merchant’s bank). Once processed, the processing network sends approved data to the credit card issuer to proceed with the funds transfer.

PROBLEMS WE SOLVE

LACK OF TRANSPARENCY LEADING TO HIGHER PRICES

Inequitable commissions to OTAs ultimately decrease hotels' margins and increase consumer prices

NEGLECTED HOTEL LOYALTY PROGRAMS

Consumers miss out accruing points and subsequently free hotel rewards

SEARCH BIAS

The manufactured bias through modified and reordered search results on OTA's ultimately costs consumers choice and value

Benefits of GOeureka

This project is based on blockchain technology that can be relied upon to store user data in the system. It is almost impossible to hack because data is stored on distributed network nodes. Thanks to KYS registration, a traveler is protected from fraud - only real hotels can register on GOeureka.