Webjet has been working on its Rezchain blockchain platform for the past two years. It developed a proof-of-concept solution with Microsoft, hosted in Azure, at the end of 2016 and moved the technology into pilot stage last year. The solution is intended to remove the costly errors that can occur through the travel booking process due to numerous handovers of data through myriad different systems. "Every day there are millions of transactions taking place and a single hotel stay could involve five or more transactions in the distribution chain," Webjet managing director John Guscic said at the time. Get the full story at iTnews