Travel Giant Webjet (WEB:ASX) to Invest $4.1M into LockTrip and HYDRA

Summary of Article

  • Travel Industry Leader Webjet Limited to invest up to $8.3M into LockTrip
  • Managing Director of Webjet group himself, John Guscic and Director of Corporate Development, Lynne Oldfield to join LockTrip’s Board
  • Webjet to Integrate the LockTrip’s Marketplace and the LOC economy into their OTA (Online Travel Agency) Websites in Australia and New Zealand
  • Exploring the Opportunity to Migrate Booking Verification System “Rezchain” onto Hydra Chain

Introduction to Webjet

  • Destinations of the World (DOTW)
  • Lots of Hotels
  • Sun Hotels
  • JacTravel
  • Fit Ruums
  • Total Stay

Extensive Auditing and Technical Due-Diligence

More than just a VC Deal

Prominents Joining LockTrip’s Board of Directors

Overview of the Agreement Structure

Key Protective Mechanisms

  • Regardless of the ownership structure, no major decisions can be made without the agreement of the LockTrip founders
  • The marketplace economy will continue to be captured by the LOC token
  • LOC liquidation matters will be handled with extreme caution in the same way they have been so far and will be subject to board approval (including founders)

Non-Financial Benefits

  • Know-how and extensive experience on various levels and verticals of the travel industry
  • Very strong hotel inventory, with first-class support
  • Industry-wide business influence and reach
  • Brand recognition
  • Cross-company interest in the utility of blockchain technology to solve existing problems in the travel industry

LockTrip Marketplace Integration on Webjet’s Retail Travel Websites

Rezchain, Hydra and Opportunities

Exploring the Deployment of Rezchain onto HYDRA

The Endgame: Tokenizing Hotel Inventory

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