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The Empire Hotels platform

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These days the influence of crypto assets is moving into areas like the hospitality space. Many companies are developing solutions already based on blockchain assets, cryptocurrency Economics and game Theory.

Currently, although there are significant solutions in the market for hotel bookings, none of them offers hotels the option of processing bookings using both fiat and crypto assets. The primary foundation of the hospitality industry is built upon customer service, an element shared by each segment of the hospitality business. Indeed, each segment focuses on delivering some or all facets of service, which gives entrepreneurs in hospitality a means to generate profits across various organizations. This is where EmpireCash shines.

EmpireCash aims to offer a currency to be used in the hospitality industry, offering an easy-to-use platform for the public and an API for integration with other systems. As a proof-of-concept, we developed the first app that will utilize the platform: Empire App. This app will make it possible for people to book rooms and facilities of hotels using cryptocurrencies while offering a great discount – and we will only charge the hotel an administration fee.

The food and beverage segment represent the largest percentage of the hospitality marketplace. Business that comprise the segment include exclusive restaurants, fast food dining, caterers, clubs and club management, food processing, retail and distribution. Moreover, the food and beverage category can exist within other commercial establishments like movie theatres, planes and trains, hotels and shopping malls. Food and beverage complements many commercial trade and dramatically enhances the total satisfaction of a guests experience through first-class customer service and excellent food and drink.

Hotels, bed and breakfast ventures and other types of lodging, are what comprise the accommodations segment. These can range from five-star hotels, exclusive resorts and luxury inns to campgrounds and youth hostels. Travelers appreciate value as well as efficiency, comfort, useful amenities and thoughtful customer service.

The accommodations segment uses specific measurements of success to pinpoint trends in the business. These include:


● Booking lead time;
● Length of stay;
● Cancellation percentage;
● No-show ratio.

EmpireCash Decentralized Arbitration module

The main technology behind the blockchain was developed to solve a classical computational problem: the problem of double-spending. Before this technology, if anyone wanted to digitally transfer assets to another entity, they should rely on a centralized trust authority. Thanks to the blockchain structure, this is unnecessary.

By using similar concepts, we present a solution for a decentralized and democratic support system from the EmpireCash community, by counting on random and impartial arbitrators, which gives a considerable credibility to the process.

The process works as follows:

● Guest or hotel owner starts the Dispute by sending all the data, they must justify their complaining and the refund required (full or partial);

● Counterpart has two days to accept the Dispute or present their counter arguments with all the necessary data;

● After this step, if the counterpart decides to keep the Dispute, 5% of the transaction is reserved as an arbitrary fee, then five random arbitrators are selected from the community and receive the following information:

○ All data provided by both sides;
○ Ratings and dispute-winning-rate for both sides, if applicable;

● The arbitrators have 2 days to choose from 0% to 100% – in 20%
increments – if the Dispute is either fair or not;

● If there is an impasse, other arbitrators are selected;

● If it is decided that the dispute is not fair by the majority of arbitrators, the complainer is marked as dispute winner and the counterpart is marked as dispute loser, otherwise, the counterpart is refunded, and the parts are marked accordingly;

● If an arbitrator (a) suggests a percentage below the average of all the other arbitrators (b), the arbitrator (a) will not be counted in the arbitrary fee splitting. The arbitrary fee will be split among all the right analyzers.


EMPIRE CASH AS A SOLUTION

The EmpireCash project is intended to give a solution to the aforementioned problems. By fueling this platform with its own crypto asset, it will be possible to control its market and increase its value over time. This will turn the platform asset into a viable investment and a good currency.

The main concern is with the economic factor of this platform, that’s why significant researches were conducted to define the right numbers and the right rates, so the platform is likely to be sustainable in the long term.

Token info

There are a total of 367,200,000 EMPIRE CASHtokens issued, ≈85% of them (or 312,000,000) will be available for sale. Smart contracts do not allow for the issuance of additional tokens. Protocol: ERC20.Purchase method: BTC, ETH, LTC.

Empire Cash (EPMC)

Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts “and will not be subject to processing fees”. Now and the Future of Empire Hotel For company security to work with Netverify (which “helps prevent fraud, fake or stolen ID use”). Others include Accubits, which “really pushed [Empire Hotel] into the market” and AppInventiv: “an application development company, based in India”. Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts “and will not be subject to processing fees”. Now and the Future of Empire Hotel For company security to work with Netverify (which “helps prevent fraud, fake or stolen ID use”). Others include Accubits, which “really pushed [Empire Hotel] into the market” and AppInventiv: “an application development company, based in India”. Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts “and will not be subject to processing fees”.

For More Information Click Link Bellow:

Website: https://www.empirehotels.io/
Whitepaper: https://www.empirehotels.io/docs/en/whitepaper-en.pdf
Telegram: https://www.pinterest.co.uk/EmpireHotelsApp/
Facebook: https://www.facebook.com/empirehotelsapp
Twitter: https://twitter.com/empirehotelsapp

BTT Username: Jantapw
BTT Profil Link: https://bitcointalk.org/index.php?action=profile;u=991175
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