We are pleased to announce the collaboration between Binance Chain and Travala.com, the leading cryptocurrency-friendly travel booking platform, to develop the next iteration of the online travel agency (OTA).
The agreement will see Travala.com working closely with the community-led development team behind Binance Chain and Binance Smart Chain to phase-in more advanced decentralized functionality, further strengthening Travala.com’s ability to offer unique blockchain-based solutions to travelers and travel suppliers and to compete in the fast-growing travel booking market against status quo platforms.
Juan Otero, CEO of Travala.com, said: “Since setting out to build Travala.com, we have always had the intention to decentralize aspects of the platform in order to both leverage the advantages of disintermediation and give our users and travel suppliers more ownership over the travel booking experience. This partnership with Binance Chain represents another important step for Travala.com and its native token AVA towards aligning travel bookings with the ethos of decentralized technology.”
Changpeng Zhao, CEO of Binance, said: “Binance is committed to supporting partners in building innovative decentralized applications that will help grow the industry. Binance Chain and Binance Smart Chain systems will empower the Travala.com team to develop the next generation of blockchain-based travel solutions.”
