TourismCoin is a decentralized open source bookings ecosystem for renting hotel rooms, private properties or accommodation (the decentralized TOC Ledger). TourismCoin will be the first system which allows end customers and property owners to deal with each other on the platform without any fee or commission.
In addition to that, we will build TourismCoin.com - which will be the first marketplace/application that will connect with the decentralized engine (The TourismCoin. com Marketplace). The decentralized system will hold the TOC booking ledger which will be the core of the engine. Existing platforms (e.g. Booking.com, Airbnb.com, Expedia.com) are currently centralized and take fees from the property owner and/or the end customer.
Additional middlemen are the payment processors. All listings and deal parameters on TourismCoin will be decentralized on the Ethereum blockchain, eliminating all middlemen and guaranteeing transparent execution.