A key benefit of blockchain is the ability to allow partners to share transaction information with each other in a common, immutable format - a smart contract.

One obvious use case is the settlement of commissions. To accurately settle commissions, there needs to be an agreed truth between the agency and hotelier on what was booked, the appropriate commission, whether the stay occurred as planned and if the commission was remitted.

A byproduct of this complex process is that agencies and hoteliers both spend a lot of time and money to track and reconcile commissions. Blockchain lets us rethink the process.