Destin Ties Up With Blockchain Provider CCT For Better Services

What to Read Next

1. Alternative Payments Lead Ecommerce Payments in Hong Kong: Report

2. HAVAS Red Expands to Japan

3. Lead Generation Agency Reachly Announces APAC Launch

4. Coca-Cola Launches Limited-edition Cans, Immersive Consumer Experience

e-DestinAccess, Inc (Destin). has announced a major collaboration with blockchain service provider Clear Chain Travel (“CCT”) to improve the financial settlement procedure for event planners and suppliers.

CCT is creating the first of its kind multiparty financial settlement service for the travel industry using blockchain technology that can be deployed by planners, hotels, and venues to manage invoicing, payments, and all supporting documentation for meetings and events.

Also Read: Can Blockchain Reduce Ad Fraud?

CCT’s fintech services will be implemented by Destin, utilising a distributed ledger to process payments, digitise previously manual invoices, and utilise smart contracts to enhance accuracy and speed to cash liquidity for its meetings and event clients.

Wayne Beaubien, CEO, Destin, said: “We believe blockchain services will be a significant part of the future of travel. We see blockchain as providing strengthened security and enhanced customer experience through streamlined commission payments and settlements. The CCT team has presented their vision to us here and we are very excited to be able to leverage this technology to advance the industry.”

Michael O’Connell, CEO, CCT, said: “All of us at Clear Chain are delighted about the opportunity to work with Destin to show its clients the transformative benefits of blockchain technology for financial settlements and document management in the meetings and events space. We’ve known the Destin team for years and have always admired their customer focus and innovative approach to the industry.”

Destin and CCT are working together to define the specific details of the collaborative service rollout, targeted for Q122.