The startup offers an inventory and booking management platform for the travel and entertainment sectors, utilizing blockchain technology based on the Ethereum framework. This platform enhances transaction transparency and streamlines inventory management across multiple airlines and hotels, improving operational efficiency for users.
Funding
Funding not disclosed
ARFounders
Product
Problem
The corporate travel industry relies on outdated infrastructure, leading to opaque supply chains, reconciliation challenges, and indirect access to travel providers. This results in hidden costs, inefficiencies, and a fragmented experience for both corporations and travelers.
Solution
Blockskye offers a corporate travel management platform that directly connects buyers with suppliers, eliminating intermediaries and streamlining the booking, payment, and tracking processes. The platform leverages blockchain technology to provide a single source of truth for travel program data, ensuring accuracy and security across all channels and suppliers. Blockskye Pay facilitates streamlined payments and expense management, offering potential cost savings by reducing credit card interchange fees. By providing direct access to supplier content and enabling interoperability, Blockskye empowers travelers to book and service travel anywhere while maintaining compliance with corporate travel policies.
Target Audience
Blockskye primarily targets corporations seeking to optimize their travel programs, reduce costs, and improve the traveler experience, as well as travel suppliers looking for more direct access to customers.
Features
- Direct connectivity with travel suppliers, including United, American, and Southwest Airlines, for access to all publicly available and negotiated fares.
- Omni-channel approach simplifying travel management through a single point of service.
- Blockchain-enabled data accuracy and security, providing a single source of truth for corporate travel data.
- Blockskye Pay platform for streamlined payments and expense management, reducing credit card interchange fees.
- Integration with KAYAK for Business online booking tool.
- Omni-channel expertise managing GDS, NDC, and direct bookings.
- Real-time reporting and expense synchronization on the blockchain.