Tech Talks Daily

869: Travala - Why Blockchain is Going Places in the Travel Industry


Listen Later

In 2019 alone, 843.9 million people are expected to use online travel booking services (OTA). Global revenue of OTAs is expected to reach $424.6 million. The numbers will grow as the winning combination of technology and the advent of online travel agencies (OTAs) continue to usher in a new era of choice, mobility, and ease for travelers.

Gone are the days of physical travel agencies––today, with a simple click or the swipe of a thumb, you’ve booked your next getaway. Yet, while OTAs are becoming a regular fixture in our everyday lives, they remain plagued by inefficiencies, ranging from high commission fees for hotel partners and the ever-intensifying phenomenon of fake reviews for users.

Offering up to 40% and an average of 15% savings on bookings, Travala.com is the leading blockchain travel booking platform transforming the future of the online travel industry. A proven platform with over 567,928 properties across 210 countries and territories, spanning 82,311 destinations, Travala.com leverages and innovative application of blockchain technology and token economy to deliver a streamlined booking process and a fairer pricing system for consumers and merchants alike.

Matthew Luczynski – Co-Founder & CEO at Travala joins me on my daily tech podcast. I learn more about how this next-gen online travel agency (NOTA), is providing a revolutionary, easy to use booking platform combining decentralized technologies and tokenized incentive structures.

We also talk about how Travala changes the relationship between the consumer of the future and their travel shopping using tokenization to increase incentivization and encourage growth in the ecosystem.

A seasoned marketing and technology entrepreneur, Matthew is a veteran in the travel industry, having worked on a number of enterprising startups within the space. Compelled by the aim of driving real-world blockchain adoption, he co-founded Travala, a travel ecosystem which leverages on the token economy to provide consumers with a fair, trusted, and transparent platform.

In addition, Matthew is also the founder of the Wanderlust application, a location-based meet-up travel application designed for users to connect based on their specific interests.

...more
View all episodesView all episodes
Download on the App Store

Tech Talks DailyBy Neil C. Hughes

  • 5
  • 5
  • 5
  • 5
  • 5

5

197 ratings


More shows like Tech Talks Daily

View all
HBR IdeaCast by Harvard Business Review

HBR IdeaCast

177 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,036 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

519 Listeners

Software Engineering Daily by Software Engineering Daily

Software Engineering Daily

621 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

175 Listeners

The TWIML AI Podcast (formerly This Week in Machine Learning & Artificial Intelligence) by Sam Charrington

The TWIML AI Podcast (formerly This Week in Machine Learning & Artificial Intelligence)

441 Listeners

Fintech Insider Podcast by 11:FS by 11:FS

Fintech Insider Podcast by 11:FS

186 Listeners

Gartner ThinkCast by Gartner

Gartner ThinkCast

112 Listeners

Super Data Science: ML & AI Podcast with Jon Krohn by Jon Krohn

Super Data Science: ML & AI Podcast with Jon Krohn

298 Listeners

NVIDIA AI Podcast by NVIDIA

NVIDIA AI Podcast

331 Listeners

DataFramed by DataCamp

DataFramed

267 Listeners

Practical AI by Practical AI LLC

Practical AI

192 Listeners

Big Technology Podcast by Alex Kantrowitz

Big Technology Podcast

454 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

353 Listeners

The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis by Nathaniel Whittemore

The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis

491 Listeners