By Michael Hooper
Bitcoin Market Journal
Founders of LockChain aim to design and build a decentralized open source bookings system for renting hotel rooms, private properties, or accommodation. LockChain, based in Sofia, Bulgaria, says its platform will allow customers and property owners to deal with each other without any fee or commission. LockChain says it will build LockChain.co as “a marketplace/application that will connect with the decentralized engine, The LockChain.co Marketplace. The decentralized system will hold the LOC booking ledger, which will be the core of the engine.”
A review of LockChain shows this startup has an idea with some merit, but there are concerns about the founders’ sketchy history with Bitcoin7.com. Further, the LockChain.co Marketplace remains under development, with no visible prototype available, and LockChain’s decentralized booking system offers no accountability in case something goes wrong between the customer and the accommodation.
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