Duniabooking endeavors to put an end to the self-interested dominance of online booking agents by introducing what they call the “one-stop booking platform” which will help establish a direct connection between customers and providers of tourist services.
Virtually anyone who has ever gone on a vacation or a business trip used the online booking services. Oftentimes, finding the best offer requires assiduousness and a bit of luck since each of the numerous online travel agents imposes different commissions for their services. Consequently, hotels and other tourist facilities are forced to include these commissions in their price offers in order to be able to maintain the profit margin.
Data security is another problem that plagues the sphere of online booking. Basically, it is a classical intermediary issue which is being fought so vehemently by the adherents of the blockchain technology. The online booking agents gather the customers’ personal information, share it with the hotel managers and then use it at their own discretion.
Duniabooking is about to introduce a similarly-named online platform created on the basis of the Universa blockchain. In fact, it comes in the form of a hybrid system where the majority of data, especially the sensitive kind that includes personal and payment details, is to be stored securely on a decentralized ledger whilst the secondary information can be kept in trusted cloud storage.
The team explains its choice of the Universa blockchain by the fact that it has proven superiority over both Bitcoin and Ethereum networks in terms of scalability, transaction speed, and the availability of offline verification.
For instance, Universa is capable of handling up to 22 thousand transactions/second and imposes a fixed transaction fee of $0.01 per operation, which is infinitely lower than that of Bitcoin, particularly during the periods of network overload.
In addition, Universa allows users to create smart contracts which operate with a much larger set of metadata than the Ethereum ones.
The exploitation of such an advanced toolkit granted Duniabooking an opportunity to create an ecosystem that consists of online booking portal (duniabooking.com), unique widgets that are embeddable on providers’ websites, and a dApp to simplify the process of searching & booking.
Due to the regulatory peculiarities in Indonesia, Duniabooking token will not be used as a mean of payment that customers will make to service providers. It will be up to these providers to establish the most relevant payment method, which could be either a traditional one (banking card, wire transfer, PayPal) or an alternative (Bitcoin or any other cryptocurrency). In turn, Duniabooking will not charge the providers with any processing fees, thus allowing them to boost their profits.
The sole purpose of DTN will be to fuel the platform and pay for the listing of new products, placing ads, and submitting reviews and feedback.
Oka Dayendra. The founder and CEO with 13 years of experience in web development under his belt.
I Made Dwi Putra. The head of technology department at Duniabooking. A seasoned programmer and web developer who has previously worked for a number of Indonesian companies.
The board of advisors includes Steven Gijsman, a serial entrepreneur from the Netherlands who is associated with such projects as Petduka and Pulve.
Duniabooking has just completed the first stage of the public token sale - the next stage will commence on June 8 and last till July 31. 600 million tokens have been allocated for sale. The price of 1 DTN token was established at $0.01 with 5% bonus being offered during the second phase of the public sale. There are no restrictions with regard to participation in the ICO.
|Start||May 1, 2019|
|End||July 31, 2019|
|Soft cap||$100 000|
|Hard cap||$6 000 000|
|Minimum investment||10 USD|
|Tokens for sale||600000000|
|Accepting||BTC, ETH, UTN|
Excuse me, but I don’t really understand why I, as a private investor, should dedicate my money to Duniabooking. Their idea is fine and might even be very beneficial for the hotel industry, but there is no real upside for me, except for the possibility that the hotel may, or may not, lower the prices due to having better profit margin thanks to Duniabooking. Besides, their DTN tokens are virtually useless. Maybe people in Indonesia will think differently, but that is my honest opinion on that project.
Even though Duniabooking tries to address all the right issues, like the unnecessary booking fees imposed by travel agents or the absence of B2C communication in that particular area, but I can’t shrug off the feeling that this project is using blockchain only for the quick fundraising. I don’t see any particular reason for implementing blockchain for the purposes that Duniabooking tries to achieve. I hope they will prove me wrong because the overall idea is not that bad.
I absolutely can relate to the overall idea behind Duniabooking, because booking a decent hotel at a reasonable price can be hard, especially during the hot season. However, I can’t really get a grasp of how they are going to use their tokens, the description of its functionality in the whitepaper seemed rather vague to me. I mean, if the hotel decides on the payment method, why would I need to buy these DTN tokens in the first place. Just for the sake of registering on the platform, I guess. But then again, I don’t see how they are going to rise in value, and how I can get ROI any time soon.
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