The team at Blockchain Hotels is building the world’s first hospitality option based on the blockchain. The project will surely be warmly welcomed by those for whom traveling is a lifestyle. Though intended for anyone, it’s probably best suited for digital nomads – people who want to grow their business no matter where they are.
What’s interesting, Blockchain Hotels is going to be “decentralized from electricity and water sources, completely different from traditional hospitality options (and a lot more fun)”, their website says.
The team touts their project as “the first-ever hotel chain on Blockchain.” This may well be true, but we have found at least 2 other similar projects: HotelChain and BlockchainHotel.
The Blockchain Hotel’s technology team is busy at work developing cutting-edge energy solutions that will combine solar, water, and wind power to ensure that BHs are energy-independent and off-the-grid.
The team plans to use prefabricated, modular construction techniques to allow them to build Blockchain Hotels 4x faster and more efficiently than traditional hotels. Once first facilities are built, accommodations will range from minimalist, Japan-style, sleeping capsules to luxurious apartment suites.
Blockchain Hotels will open in highly popular destinations, probably starting with Europe, with prices that cannot be beaten by the conventional competition.
Making transactions with ordinary fiat has always been pricey. For this reason, the team decided to create an internal cryptocurrency, Hotel Coin, based on the Etherrum RC20, which will serve as the main payment option in the economy of their hotel chain. Transactions will be free and users will be receiving transaction confirmations straight away.
Another reason for using the blockchain technology, according to the team, is that every hotel will have a separate mining pool. This will allow guests to both stay in the hotels and profit from their contribution. Blockchain Hotels will keep a history of users’ cryptocurrency transactions and hotel guests will have an opportunity to use cryptocurrency they had collected earlier.
Last but not least, Blockchain Hotels will use the blockchain to develop their project as economical and ecological as possible. Resources such as water and electricity will be distributed in the most effective way.
At the time of writing, April 27, their private sale starts in 3 days, on May 1. Information on how to contribute to the private sale can be found here.
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