ZoomAway Technologies Inc V.ZMA

Alternate Symbol(s): ZMWYF

Consumer Cyclical Lodging

ZoomAway Technologies Inc. is an online travel company. The Company is engaged in providing business and leisure travelers with tools and information to research, plan, book, and experience travel and destination services. The Company has one reportable segment, which consists of tourism and tour marketing specifically focused on the United States. ZoomedOUT is the Company’s flagship product with real-world hospitality features for businesses. ZoomedOUT also enables businesses to reach out to users and showcase what hospitality offerings they have, such as rooms, food, and activities. The Company provides access to three-dimensional (3D) buildings, roads, landmarks, cafes, and parks to build ZoomedOut. ZoomedOut provides a range of utility features, such as finding things to do, quests, advertisements, and game upgrades. ZoomedOut can filter the city to show it in a new way as it relates to the user’s search and interests, at an additional charge to the business.

TSXV:ZMA - Post by User

ZoomAway Technologies Inc

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Post by TheRevenant2016on Jan 15, 2018 2:09am

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Post# 27356388

"How BlockChain could transform travel industry" Nov 2 2017

ZMA recently announced as part of their move to a licensing model incorporating smart contracts into their blockchain food chain. This article explains why its a prudent move by management ahead of the market/sector migration that is starting to occur now with the disruption to the sector blockchain is providing.

How Blockchain Could Transform the Travel Industry

November 2 2017

Blockchain in the travel industry

Before we properly delve into Blockchain and its application in the travel industry, we need to fast forward in time from Bitcoin to the rise of another cryptocurrency and now all-around computing platform, Ethereum. Ethereum is a public Blockchain that came to prominence in 2015. Although it has its own cryptocurrency, Ether, it also provides a platform for businesses to build applications based on Blockchain technology.

Arguably its biggest gift to the world has been the introduction of Smart Contracts. What exactly is a Smart Contract? Well, in this case it’s smartness is all about automation, and it wouldn’t be possible without the Blockchain.

These Smart Contracts can automate a range of business dealings between parties without the need for human intervention. Why is this of interest to the travel industry? Well, consider an industry which has a high amount of commission based business. Market aggregators in travel, for example, could stand to benefit. With Ethereum it’s becoming possible to hardcode the stipulations of an agreement between parties into a self-executing blockchain program. For simplicity’s sake: Let’s say “If I hit X in revenue, automatically send 2.5% of X to Y. In travel, commissions between hotels and aggregators could be settled automatically. No more annoying invoices, no more late payments, no more cash flow worries.

Moving on from smart contracts

In a recent report, consultants Amadeus outlined five ways that Blockchain could impact the travel industry in the near future. At the moment, even while the technology is experiencing plenty of exposure and publicity, it’s at an early stage in its development. There don’t appear to be any Blockchain systems being put to use in the travel industry today. But there’s no doubt that the potential is there. Take a look at these possible use cases.

https://travelshift.com/blockchain-transform-travel-industry/