Creation a global wide Blockchain platform on hotel online booking eliminating middleman commissions and covering 20% of the hospitality market that will double by 2030 exceeding $1 trillion in volume and thus outperform major rival online travel agencies (OTA).
Since pier-to-pier architecture (P2P) is in the heart of all BlockChain platforms, NOMAD.space streamlines traveler-hotelier relations and increases hotel chain profit as hoteliers can manage and develop their value chains on their own now.
At the start point NOMAD.space acquired ABAB.io project that developed and tested a prototype of a platform for the Hospitality industry based on Ethereum Blockchain technology.
NOMAD.space uses familiar user-friendly interfaces and software compatible with the existing one so there is no need for travelers and hoteliers to change their habits.
NOMAD.space will be owned and managed by hoteliers through the Decentralized Autonomous Organization (DAO) and currently developed on EOS / Ethereum/ Side Chain technologies (Plazma). The hoteliers will choose the most efficient one
As of today the value of fees online travel agencies withdraw from the booking market exceeds 80 bln per year. By 2030, due to market growth and changes in the market structure, the value will exceed 250 bln per year. NOMAD.space makes it possible to remove middlemen out of the value chain and return this wealth to the hoteliers and travelers.
The NOMAD.project has the following features and strengths:
· Lowest transaction cost
No payments for servers. No fees to miners, platform owners and for exchange of fiat and crypto currencies;
· Financial infrastructure
Internal currency (NSP) and instruments to reduce volatility and increase liquidity via market maker smart-contract (MMSC);
· Blockchain platform
Conscious choice of suitable blockchain platform of three tested (Ethereum / EOS / Plazma);
· Big client and hotel bases
Client traffic right after release of the platform – by means of focused M&A with aggregators and PMS;
· Technical infrastructure
Own blockchain nodes installed by the hoteliers;
· DAICO mechanizm
Transparent and clear algorithm of project management at each stage of implementation;
· Organizational structure for hoteliers (DAO)
The members of the structure manage its development and resolve internal issues of the hotelier industry by means of a joint consolidated budget from financed by all of the participants;
· Honest reviews
Transparent rating system of the hotels and rooms assessed by real travelers;
· Non-staff hotel
Rapid deployment of a non-staff hotel concept (IoT) that cuts hotel costs.
There are only 3 direct competitors and 5 indirect competitors. Only one of these projects has a functioning MVP, but it is based on Ethereum and has zero volume of booking, therefore, there is no understanding how to deal with transaction rates and Ethereum technical limitation.
NOMAD has the following competitive strengths and advantages:
1. Marketing strategy is targeted so as to put the business in real operation since Day 1:
2. Working MVP – we purchased one of our competitors ABAB.IO https://abab.io/
3. A team of professionals experienced in business, investment and IT
4. Technical solutions special for business purpose and TOTAL decentralization:
5. Strong social networking component - hotelier DAO
6. IoT technology to implement a non-staff hotel concept
7. We used all tools available to keep our team highly motivated, make our project reliable and protect our investors: