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TTC16: Akbar Thobhani - Does the Bitcoin Blockchain Pave The Way For The Next AirBnB?

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Akbar Thobhani on payments in travel

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TTC16: Akbar Thobhani - Does the Bitcoin Blockchain Pave The Way For The Next AirBnB?

  1. 1. Blockchain San Francisco Open Exchange
  2. 2. 2 What is blockchain? Distributed network to securely transfer “items of value” between parties (or strangers) via the Internet.
  3. 3. 3 Sending valuables is as easy as sending email Bitcoin Address (1jar23a9…) private key Blockchain Transaction Transaction Miner
  4. 4. 4
  5. 5. 5 Direct Booking
  6. 6. 6 Mobile payments in 90+ countries Growth in 190 countries Co-founder Bitcoin Trading Akbar Thobhani
  7. 7. 7
  8. 8. 8 T R U S T Discover Identity Contract Payments
  9. 9. Trust on blockchain 9 Discover Identity Contract Payments
  10. 10. 10
  11. 11. Customer Travel Agent DMC Hotel Chain Property Hotel booking payments (expensive and slow) $ £ S$ TBH I won’t bring up taxes £ TBH
  12. 12. 12 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
  13. 13. San Francisco Open Exchange Enterprise Grade Currency Trading & Transfer on the Blockchain.
  14. 14. 14 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
  15. 15. 15 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
  16. 16. Simplify operations and increase revenue akbar@sfox.com

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