Travelport and its partners aim to give agencies and hotels an accurate, shared view of the status of their bookings and commissions. This requires a solution that communicates relevant and necessary information, reconciles records, resolves missing and disputed payments, measures performance and supports timely payments.

"Blockchain technology applied to commission reconciliation has the potential to deliver real ROI to both a travel agency and the hotel," said Travelport senior product director Ross Vinograd. "Traveler modifications at property, no-shows and complimentary room nights are just a few examples that drive commission discrepancies, which in turn generate escalations, cost and revenue loss. Our aim is to put the life cycle of a booking on the blockchain, and we believe doing so will drive transparency, trust and ultimately booking volume."