TTC16: Akbar Thobhani - Does the Bitcoin Blockchain Pave The Way For The Next AirBnB?
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Blockchain San Francisco Open Exchange
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Transcript of TTC16: Akbar Thobhani - Does the Bitcoin Blockchain Pave The Way For The Next AirBnB?
Blockchain
San Francisco Open Exchange
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What is blockchain?
Distributed network to securely transfer “items of value” between parties (or
strangers) via the Internet.
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Sending valuables is as easy as sending email
Bitcoin Address (1jar23a9…)
private key
BlockchainTransaction
Transaction
Miner
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Direct Booking
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Mobile payments in 90+ countries
Growth in 190 countries
Co-founder Bitcoin Trading
Akbar Thobhani
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T R U S T
Discover Identity Contract Payments
Trust on blockchain
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Discover Identity Contract Payments
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Customer Travel Agent DMC Hotel Chain Property
Hotel booking payments (expensive and slow)
$ £ S$ TBH
I won’t bring up taxes
£ TBH
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Customer Travel Agent DMC Hotel Chain Property
Bitcoin blockchain + smart contracts can guarantee payments to all participants
$
S$ TBH£
All participants can verify payments on blockchain
San Francisco Open Exchange
Enterprise Grade Currency Trading & Transfer on the Blockchain.
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How do hotels transfer money?
High fees
F/X (3% and up)
High fees
F/X
Low fees
Low f/x
3 to 7 days 3+ days Real-time
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Growing 1700% annually
Trading Volume ($ mm)
$- $20 $40 $60 $80
$100 $120 $140 $160 $180 $200
Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15
Hotels represent
10% of volume
