grimaltonio (OP)
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March 07, 2018, 05:36:15 PM
Last edit: March 07, 2018, 06:12:03 PM by grimaltonio |
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Booking Token Unit (BTU) Protocol
An open protocol for decentralized reservation OFFICIAL BTU ANN THREAD WEBSITE | TELEGRAM COMMUNITY | TELEGRAM ANNOUNCEMENT | TWITTER | MEDIUM | LINKEDIN | FACEBOOK
The Booking Token Unit (BTU) protocol is a standardized building block for any decentralized application (dApp) or web site willing to implement booking features for their end-users. The BTU protocol also brings interoperability among decentralized applications that incorporate it.
All platforms implementing the BTU protocol would benefit from a hybrid approach combining an on-chain smart contract and off-chain software components, providing more scalability. A transparent and public inventory enabled by an open-source protocol would considerably lower the entry barriers to many internet booking markets. The Pain In all booking platforms, centralization led to an unbalanced situation with online platforms getting more and more power over the actual service providers who bear the operational costs and investments. As a result, service providers are experiencing high commission fees ranging from 15% to 35%. Those fees are paid to the centralized “winner takes all” booking platforms. The Benefits With blockchain networks emerging as the new global infrastructure, we have the opportunity to create vastly different power structures. - A public inventory and an open protocol lowers operational costs while allowing a fair competition between a higher number of market participants.
- It should also encourage a new wave of developers to deliver innovative and open services, leading to better functioning markets.
- Innovative offerings could be built that enable the booking of bundled services.
- Existing players in one industry could offer new services to their existing customers (cross-sales).
Uses Cases Our protocol could be used to book many of the following services: - Hotels and Apartments
- Offices, Studios and Warehouses
- Cars, Flights, Jets, Trains, Buses, Yachts and Ferries
- Tours, Holiday packages, Cruises, Visits and Museums
- Shows, Sports, Events and Restaurants
- Medical and Well-being appointments
- Computer resources and Token sale booking
- Tests, Photographers, Guides, Caterers, Car repair...
The BTU token The BTU protocol is being standardized as ERC-808 and requires the use of the Ethereum-based BTU token. The role of the BTU token is to drive the network of participants to behave rationally and with economic interests aligned: - Deposit value for booking a resource: The deposit is an incentive for any Booker to cancel its reservation in time. If the resource is not released, the deposit will be kept by the resource owner.
- Reward mechanisms: BTU tokens can be used to reward usage of the protocol. In essence, Bookers are effectively rewarded with tokens as they are “mining” successful bookings.
- Anti-spam parameters are also making use of token staking in order to enforce fair use.
- Different industries could adopt the same token, thereby amplifying the network effects that would otherwise be limited to one industry.
Founders Vidal CHRIQUI
- Recognized Bitcoin & Ethereum Expert
- Advisor to Blockchain Startups
- Ecole des Mines de Paris
Hervé HABABOU - Serial Software Entrepreneur
- Investor in Blockchain and A.I
- MS CS & London Business School
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bsgeek
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March 07, 2018, 06:00:16 PM |
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I'm glad that there's booking platform on blockchain appeared. Your project will probably be successful because of useful idea.
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grimaltonio (OP)
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March 08, 2018, 01:50:05 PM |
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Hi! Many thanks for your comment! This is a whole protocol that can be used by any website or service provider! We are a technical protocol agnostic to the type of ressources to be booked!  |
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yehor
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March 12, 2018, 04:34:43 PM |
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I'll be watching
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TVTVI
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March 23, 2018, 10:44:50 AM |
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Do you have any bounty, bonus programs? You should have a bounty program, which will help your project reach more channels in the context of social networks are tightening crypto ads.
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coinrating.co
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April 09, 2018, 11:33:15 AM |
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CoinRating has officially listed BTU Protocol. You can visit their profile here https://coinrating.co/coin/btu/ Best of luck with the ICO, from the CoinRating team
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Create a profile and List your ICO on CoinRating (https://coinrating.co)
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tinhkhuat181
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June 17, 2018, 05:10:54 AM |
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rarg
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The revolutionary trading ecosystem
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June 17, 2018, 05:49:15 AM |
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I like projects that have many events.
I hope this project will be successful with the event tour. One question, do you have any bounty or airdrop programs?
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WhiteShum
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June 17, 2018, 06:26:13 AM |
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I cant understand why this platform is much better than any other. Also there are not many partnerships whcih can help them in future.
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johnleema
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June 20, 2018, 05:01:32 AM |
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All platforms implementing the BTU protocol would benefit from a hybrid approach combining an on-chain smart contract and off-chain software components, providing more scalability
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Feetshot
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June 20, 2018, 01:48:06 PM |
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I think many people will participate in this project. We need to spread the information about this project, so that as many people as possible can learn about it.
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wingding
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June 21, 2018, 07:56:45 AM |
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I like the idea of your project. I need register in WL to can participate in other stages of ICO?
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thedarknight789
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June 22, 2018, 09:29:26 AM |
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As a result, service providers are experiencing high commission fees ranging from 15% to 35%. Those fees are paid to the centralized “winner takes all” booking platforms.
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Matbtu
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June 22, 2018, 12:30:53 PM |
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I like the idea of your project. I need register in WL to can participate in other stages of ICO?
Yes, our flash sale is opening in three days, this Wedneday (June 27th) and you have to register on the whitelist now: https://www.btu-protocol.com/en/ |
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join2
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June 22, 2018, 12:50:07 PM |
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what is the main purpose of your project? and does your project have special features? good luck sir  |
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Silicat1510
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June 24, 2018, 04:08:19 AM |
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About BTU Protocol
In all booking platforms, we believe that centralization has led to an imbalance where online platforms are gaining more power over the actual service providers who bear the operational costs and investments. Digital network effects are preventing existing players from operating in a free market.
As a result, service providers are experiencing high commission fees ranging from 15% to 35%. Those fees are paid to the centralized “winner takes all” booking platforms.
Other issues with centralized booking platforms include, but are not limited to:
- Loyalty points are platform or service specific,
- End-user confidential information is at risk of large-scale hacks,
- Complementary services offered are limited.
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Matbtu
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June 25, 2018, 09:36:40 AM |
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what is the main purpose of your project? and does your project have special features? good luck sir Our mission is to create an open source standardized decentralized booking protocol along with reference implementations that can be leveraged by participants in industries such as hospitality, travel, finance, healthcare, retail, automotive and more. The Booking Token Unit (BTU) protocol is a building block for any decentralized application (dApp) or web site willing to implement booking features for their end-users. This standard also brings interoperability among decentralized applications that incorporate it. The BTU protocol is being standardized as ERC-808 and requires the use of the Ethereum-based BTU token. The purpose of the BTU Token is to incentivize proper behaviors such as rewarding successful bookings and enforcing late cancellation and no-shows policies. All applications implementing the BTU protocol would benefit from a hybrid approach that combines an on-chain smart contract and off-chain software components, providing more scalability. |
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zhongli123
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June 27, 2018, 10:12:48 AM |
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Nice tracking site. But the information is either too much or too little. Also the UI doesn't look great at least to me. Either the UI has to be enhanced to users needs to get used to it.Keep track of your progress
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BTU Protocol
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February 19, 2019, 11:13:20 AM |
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BTU Protocol has launched a new hotel booking service https://btu-hotel.com/ where over 2 million hotels all around the world are available at negotiated prices thanks to BTU booking technology. BTU Protocol takes 0% commission. In addition, customers are earning BTU cryptocurrency as a reward for every successful booking  . It's time to bring concurrency to the real world. Book and earn BTU cryptocurrency each time you book a hotel What if you don't book hotel & you want to earn cryptocurrencies ? By going to https://btu-earn.com/affMultiHotel you can generate a link to earn 5% of the total order each time someone book an hotel thanks to you link. Do not wait anymore ! Start booking to you, your family and your friends |
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