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

Blockchain

San Francisco Open Exchange

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What is blockchain?

Distributed network to securely transfer “items of value” between parties (or

strangers) via the Internet.

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Sending valuables is as easy as sending email

Bitcoin Address (1jar23a9…)

private key

BlockchainTransaction

Transaction

Miner

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Direct Booking

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Mobile payments in 90+ countries

Growth in 190 countries

Co-founder Bitcoin Trading

Akbar Thobhani

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T R U S T

Discover Identity Contract Payments

Trust on blockchain

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Discover Identity Contract Payments

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Customer Travel Agent DMC Hotel Chain Property

Hotel booking payments (expensive and slow)

$ £ S$ TBH

I won’t bring up taxes

£ TBH

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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

San Francisco Open Exchange

Enterprise Grade Currency Trading & Transfer on the Blockchain.

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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

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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

Simplify operations and increase revenue

akbar@sfox.com