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About LockTrip

Locktrip - where traveling meets the Blockchain!

20% lower hotel prices than any other site
Due to the advanced capabilities of blockchain technology, Hoteliers and Short Term Rental Owners can sell their rooms on our integrated marketplace for 20% lower prices without affecting their profits.

Totally Decentralized Booking Engine
Our project consists of two parts. A decentralized booking engine - the LOC Ledger (based on the Ethereum VM), and a marketplace that will be fully integrated with the decentralized LOC Ledger.

Seamless Integration for Property Owners
Property owners and hoteliers are able to add their short-term rentals and hotel rooms to the decentralized LOC ecosystem through a one-click seamless integration (import from existing listings or via a CSV import) via our marketplace.

Accepting LOC Tokens, as well as BTC, ETH and Credit Card Payments
Our marketplace will have a built-in exchange algorithm which will automatically convert any external currency into LOC at the time of booking and will submit the LOC into the decentralized LOC Ledger.

No Commissions on Revenue, Open-Source & Free-To-Use
LockTrip is free to use for hosts and travelers, regardless of the number of properties and size of revenue generated.

Low Third Party Dependency
We are building two projects into one. A centralized application with immediate adoption for all retail users (our marketplace), and a decentralized technology (our open-source LOC travel Engine). Unlike many other companies, we don't rely on third parties to add value to LOC.

About LockTrip Blockchain

  • A true Proof-of-Stake consensus that will enable every single user to stake without any requirement for a minimum amount of LOC
  • Total output of 120 - 200+ TPS / 11M - 15M transactions per day (approximately 10 times the capacity of the current Ethereum network, with functioning prototype being in the 200+ TPS, but we leave some room for adjustment)
  • One-click installers for running a node on an average household computer (after you install the node, you will be able to stake your coins)
  • Ethereum VM support in order to have full compatibility and easy migration of Ethereum DAPPS and Ethereum smart contracts
  • Seamless migration of our current ERC20 LOC contract and a complete preservation of the LOC balances of all users post migration – users will be able to move their tokens in between the LockTrip blockchain and the Ethereum network through a swap contract
  • Received letter of intent from 5 high quality companies to build on top of LockTrip
  • In communication with multiple other companies to engage and build on our blockchain
  • LOC owners will be able to stake their LOC to get a piece of the transactional economy from the LockTrip booking app as well as from all other DAPPS and tokens
  • Revenue from the transactional economy shared with the ERC20, ERC223, ERC721 smart contracts – they will be accredited on a protocol level with 50% of the fees they are able to generate through their transactions. This will technically mean that we will build the first blockchain, which utilizes a true shared economy. The people who contribute to its adoption will benefit from the transactions they generate, regardless of their business model. This would also serve as a tool to attract existing Ethereum DAPPs to our blockchain, as it would give a strong and sustainable boost to their long-term economy.
  • Easy installation of nodes for average users – the goal is to get as many people on-board as possible. That would ensure a viable network and a strong POS consensus that would have high censorship resistance. Desktop wallet will be a node.
  • Easy staking of LOC for average users - the “mining” (minting) process will be democratized and available to everyone.
  • 2 Level Nodes system - Full nodes and standard nodes – The standard nodes will process all on-chain data. The full nodes will additionally support the secondary layer containing a distributed database and a message bridge. These two will enable businesses to launch e.g. a web-based application completely in the distributed storage without the need to look for third-party providers. It will also enable communication at a new scale between DAPPS.
  • Fixed and predictable Gas price and dynamic calculation according to fiat equivalent, which allows businesses to calculate the price of network fees
  • Ability to change the GAS price through a democratic voting system in a transparent manner. (This might serve as a network regulator in case max capacity is reached)
  • 32 seconds average block time, 2 MB block size, 16 seconds granularity and full interchangeability of nodes
  • 1500 blocks lockdown period for stakes that win the block reward

Features

  • Analytics
  • API
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • External Integrations
  • Multi-User
  • Notifications
  • BitCoin
  • PayPal
  • Stripe

Features

  • Analytics
  • API
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • External Integrations
  • Multi-User
  • Notifications
  • BitCoin
  • PayPal
  • Stripe

Summary

  • 400,000+ Hotels around the world available for booking with 0% commission

  • 1,500+ Vacation Rentals and growing available for booking with 0% commission

  • Global flight tickets available for booking without intermediary surcharges

  • Accept credit card payment as well as LOC,BTC,ETH

  • 100% open-source = 100% free to use by travelers, hotels, home owners

  • $0 integration fees, subscription fees, monthly/yearly fees - absolutely free of charge

Summary

  • Truly decentralized Proof-of-Stake based on Blackcoin v.3 POS consensus

  • 200+ TPS

  • All LOC based tokens will get reimbursed 50% of the transaction fees they generate

  • Ethereum VM and solidity compatible

  • Fixed gas fees in fiat equivalent

  • Distributed database and a dynamic message bridge for DAPPs to communicate

  • Minimum block rewards (deplete in 5 years)

  • Designed to develop a transaction-based economy

FAQs

    Who are the main user groups of this service?
  • Hotel / Property Owners
    Due to the advanced capabilities of the blockchain technology, hoteliers and short-term rental owners can sell their rooms on our integrated marketplace for 20% lower prices, thus becoming more competitive, without affecting their profits.

    Channel Managers
    Integrating with LockTrip's DApp, Channel Managers will immediately get access to all the properties available for renting and can also integrate their properties to this additional channel.

    Travelers
    Travelers will be able to book their trip easily, secure and, most importantly, saving 20% on their accommodation expense.

  • What is this service generally used for?
  • Accommodation bookings online - hotels and short-term rentals.

  • Does this service offer an API?
  • Yes.

  • Does this service offer multi-user capability (e.g. teams)?
  • No. Each account represents a single individual. However, each individual can act on the platform as a traveler or as a host (if a hotel or a home owner).

  • Does this service offer guides, tutorials and or customer support?
  • Yes, we have a tutorial for the property owners on how to self-list.

    End of 2018 more tutorials to be used by the various actors on the marketplace will be released.

    Customer Support is available 24/7 via Telegram.

    There is a dedicated customer support for bookings and another one for tech issues.

FAQs

    Does this service offer guides, tutorials and or customer support?
  • Yes.

  • Does this service offer an API?
  • Yes.

  • Does this service offer multi-user capability (e.g. teams)?
  • Yes.

  • What is this service generally used for?
  • The LockTrip blockchain can be used by projects to build their tokens/ICOs and decentralized economies on top of it.

  • Who are the main user groups of this service?
  • LOC can position itself as an advanced ecosystem that welcomes travel projects as well as just about any application in any other vertical. With its unique shared economic model and full support for the Ethereum VM, LOC poses a strong marketing incentive for DAPPS to migrate to the LOC blockchain. Travel projects can be further incentivized to migrate by offering them access to technology.

    Outside the crypto world, “Locktrip as a service” can be provided to new potential travel businesses, which are interested in tokenizing their travel services.

Vendor Information

Founded:
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Based in:
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Employees:
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Likes:
Followers:

Vendor Information

Founded:
-
Based in:
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Employees:
-
Likes:
Followers:

Other

Who uses LockTrip
  • Personal
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
Mobile Platforms:
  • iOS
  • Android
Languages:
English, French, German, Italian, Spanish, Portuguese, Arabic, Russian, Japanese, Korean, Chinese
Regional Restrictions:
No restrictions.

Other

Who uses LockTrip Blockchain
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
Languages:
English
Regional Restrictions:
No restrictions.
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