Hotel Room Booking and Payments on Cardano - A Real World Use Case

[GENERAL] Name and surname of main applicant

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

[GENERAL] Co-proposers and additional applicants

Mahendra Sharma

https://www.linkedin.com/in/mahendra-sharma-79a988b8/

Cloud10 Hospitality Pvt Ltd

https://www.cloud10hospitality.com

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Implement smart contracts for hotel room reservations and payments, leveraging Cardano blockchain technology to automate processes, enhance security, and improve the overall guest experience.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No dependencies.

[GENERAL] Will your project’s output/s be fully open source?

[GENERAL] Please provide here more information on the open source status of your project outputs

No. This will be a commercial tool however part of this like API will be made public.

[SOLUTION] Please describe your proposed solution

Solution Overview:

We propose the development and implementation of smart contracts for hotel room reservations and payments. By leveraging Cardano blockchain technology, smart contracts can automate the entire booking and payment process, from reservation confirmation to payment settlement.

Key Features:

1. Automated Booking Process: Smart contracts will automate the booking process, eliminating the need for manual intervention and reducing the risk of errors or double bookings.
2. Secure Payment Transactions: Payments will be processed securely through blockchain technology, ensuring transparency and reducing the risk of fraud or unauthorized access.
3. Immutable Records: All transactions will be recorded on the Cardano blockchain, creating a tamper-proof and auditable record of hotel bookings and payments.
4. Seamless Guest Experience: Guests will experience a seamless booking and payment process, enhancing satisfaction and loyalty.
5. Cost Savings: By automating processes and reducing the need for manual intervention, hotels can realize cost savings in administrative expenses.
6. Stable Coin- USDM: Transaction amount will be Converted to USDM when needed to avoid volatility risk.

Implementation Plan:

1. Requirements Definition: Detailed Requirements and technical documentation.
2. Smart Contract Development: Develop smart contracts in Plutus on Cardano blockchain for hotel room reservations and payments, including integration with existing hotel management systems.
3. Pilot Testing: Partner with select hotels to pilot test the smart contract solution in real-world environments, gathering feedback and making necessary adjustments.
4. Deployment: Roll out the smart contract solution to a wider network of hotels, providing training and support for implementation.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

Implementing Smart Contracts for Hotel Room Reservations and Payments on the Cardano blockchain will have several positive impacts on the wider Cardano community:

1. Real-world Adoption: The integration of blockchain technology in the hospitality industry through Hotel Room Booking payments API demonstrates real-world adoption. This practical use case showcases the versatility of Cardano beyond the financial sector, attracting new users and developers to the ecosystem.
2.  Increased Token Utility: The project involve the use of Cardano-based tokens like ADA for room booking transactions. This increases the utility of Cardano's native assets, providing a tangible example of how blockchain tokens can be integrated into everyday transactions.
3.  Developer Engagement: The availability of the Hotel Room Booking and payments API encourages developers to engage with Cardano's blockchain technology. By providing accessible tools for integration, developers are more likely to explore and contribute to the Cardano ecosystem, fostering a vibrant and active community.
4. Innovation Catalyst: The project serves as an innovation catalyst within the Cardano community. It inspires developers to think creatively about how blockchain can be applied in various industries beyond finance, sparking new ideas and projects within the community.
5. Trust and Transparency: The room Reservations and Payments on Cardano blockchain enhance trust and transparency in the hospitality sector. Users can verify the authenticity of room information, leading to increased confidence in the booking process. This positive experience with blockchain technology can foster a positive perception of Cardano.
6. Community Collaboration: The development and deployment of the Room Booking and payments API involve collaboration with hotels, developers, and potentially other stakeholders. This collaborative effort strengthens ties within the Cardano community and showcases the community's ability to work on impactful, real-world projects.
7. Showcasing Cardano's Features: The project allows for the demonstration of specific features of Cardano, such as smart contracts and decentralized applications. This showcases the technical capabilities of Cardano and may attract developers interested in leveraging these features for their own projects.

In summary, the positive impact extends beyond the immediate project, contributing to community growth, developer engagement, and the broader adoption of blockchain technology in various sectors.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

      Our strengths are following

1.    Strong Technical team

2.    Vast Industry knowledge and network/partnership

3.    Deep Involvement in Cardano Tech and Community

We do strongly believe our team is uniquely positioned to deliver this project as we have strong technical team (most members 15-20 years of experience) combined with Web2.0 expertise and Cardano Technology 3+ years’ experience, we have vast 20+ years’ experience in hospitality and travel industry and we are deeply involved in Cardano Community having already delivered two Catalyst projects in earlier Funds and currently working on three projects from Fund 11.

Udai Solanki (https://www.linkedin.com/in/solanki/) is Chief Technology Officer at www.eRevMax.com with 20+ years’ experience as technology leader in Hospitality industry. He has deep understanding about industry needs and he has experience bring multiple new tools for industry and successfully implement for thousands of international hotels including various top hotel groups. He has closely worked together with companies like Expedia, Booking.com, Agoda, Oracle among many others.

Udai Solanki is a founder and a majority owner of Cloud10 Hospitality company.

Udai Solanki is part of a Project Catalyst and Rare Evo Project and working closely with them. He is leading an Online Working group initiative.

https://lu.ma/n2ehz29d

Project: Funded-Project Incubation & Acceleration Working Group (Online) #2

Cloud10 Hospitality company (https://www.cloud10hospitality.com) is in business of managing Boutique Hotels(5 rooms to 100 rooms) and Villas and apartments and providing consultancy on various business functions. The company understand global hotel clients pain points and business requirements at greater depth.

Company has already identified some of its clients as beta as below

1.    Hotel Trimoorti Kolkata, India https://www.hoteltrimoorti.com/

2.    TBK Villas, Goa https://www.instagram.com/tbk_villas_goa/

3.    Ewan Ajman Suites Hotel , UAE http://www.ewansuites.com/

eRevMax, is a hospitality technology company with more than 20+ years of history in managing hotels distribution and connectivity with different type of industry partners. for more details visit at www.erevmax.com and www.ratetiger.com (a product of eRevMax)

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Timeline: Month 1 and 2

Description:

Hotel Room Booking and Payments API: UI Design and Tech Design

Deliverables/Output:

• User Interface (UI) Mockups
• Data Flow Diagrams
• System Architecture Design
• Smart Contract Specifications

Acceptance criteria: UI Design Mockups prepared, Technical Design prepared.

Timeline: Month 3 and 4

Description:

Hotel Room Booking and Payments API: Development

Deliverables/Output:

• Development of User Interfaces for the concept
• Development of Services for functionalities as per technical design
• Smart Contracts Writing

Acceptance criteria: Working Prototype with limited functionalities

Timeline: Month 5 and 6

Description:

Hotel Room Booking and Payments API: Development and Integration

Deliverables/Output:

• Smart Contract integration with application
• Integration with Hotel Booking Systems
• Stable Coin- USDM implementation
• Booking and payment API Preparation

Acceptance criteria: Full Working Prototype integrated with blockchain on testnet, Booking and Payment API Made available for public.

Description:

Hotel Room Booking and Payments API: Final Project Report Submission

Deliverables/Output:

• Final Project Closeout Report
• Project Closeout Video
• Working prototype
• User Documentation

Acceptance criteria: Final Project Closeout Report and Video

[RESOURCES] Who is in the project team and what are their roles?

We have a very strong team of senior developers and experienced software architects along with industry expertise.

Below are our key team members who shall be engaged in this project.

Udai Solanki , CTO at www.erevmax.com

Role in Project : Blockchain/Solution Architect and Project Coordinator

Profile: https://www.linkedin.com/in/solanki

Technical Architect, Java Programmer, Plutus and Haskell Programmer

22+ years Technology and programming experience

3+ years Cardano Tech Stack experience

Rupanjali Bask

Role in Project : Business Analyst and Product Management

Profile: https://www.linkedin.com/in/rupanjali-basak/

Product Owner having 14 years in product management and 7 years in IT Support,

Most of Experience in Hospitality and Travel Tech Industry

Narendra Das

Role: Blockchain Developer

Profile: https://www.linkedin.com/in/naren4das/

Technical Architect , Java Programmer, Plutus and Haskell Programmer

21+ years programming experience

3+ years Cardano Tech Stack experience

Mahendra Sharma

Role in Project: Software Architect, Technical Design and Developer

Profile: https://www.linkedin.com/in/mahendra-sharma-79a988b8/

Software Architect, Java Programmer and Delivery Manager

19+ years Programming and Technology experience

Deepak Kumar Singh

Role: Services Developer

Profile: https://www.linkedin.com/in/deepak-kumar-singh-3839231a/

Technical Architect, Java Programmer

17+ years programming experience

Gulam Aquib

Role: UI/ Web Developer

Profile: https://www.linkedin.com/in/ghulam-aquib-b98ab6b5/

Full Stack Developer

6+ years programming experience

Cloud10 Hospitality UI Design Team will work on UI Design.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

Milestone 1: Hotel Room Booking and Payment API: UI Design and Tech Design

Duration: 2 months

UI Screen Design: 20 person days x $150 = $3,000

Solution Architecture and Design: 30 person days x $200 =$6,000

Business Analyst: 30 person Days x $200 = $6,000

Project Coordination and Documentation = $3,000

Total: $18,000

Total ADA @ 0.45 = ADA 26,700

Milestone 2: Hotel Room Booking and Payment API: Development

Duration: 2 months

UI /Web Developer: 60 person days x $150 = $9,000

Blockchain/Services Developer: 60 person days x $150 =$9,000

Project Coordination and Documentation = $3,000

Total: $21,000

Total ADA @ 0.45 = ADA 46,700

Milestone 3: Hotel Room Booking and Payment API: Development and Integration

Duration: 2 months

UI /Web Developer : 20 person days x $150 = $3,000

Blockchain/Services Developer: 60 person days x $150 =$9,000

Project Coordination and Documentation = $3,000

Total: $15,000

Total ADA @ 0.45 = ADA 33,300

Milestone 4: Hotel Room Booking and Payment API: Project Completion Report

Project Coordination and Documentation = $1,500

Total: $1,500

Total ADA @ 0.45 = ADA 3,300

Total Budget = $55,500

Total Budget ADA @ 0.45 = 123,300

Fund Confirmed by Cloud10 Hospitality = $10,500

Fund requested from Cardano Catalyst = $45,000 ($55,500 - $10,500)

Fund Request ADA @ 0.45 = ADA 100,000

As ADA price can fluctuate during the project duration, if it drops, we shall get shortfall support from cloud10Hospitality. If we have spare budget due to increase in ADA price, we shall add some of functionalities from the next phase.

As Cloud10 Hospitality is Co-proposer and first company to implement it, they are going to pay for budget shortfall amount $10,500.

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The cost is based on effort estimates for all members involved in the project. Average Cost of developer and relevant skills are taken.

Total Cost is higher than Maximum Budget permissible for a project in this category. Short fall in budget is being paid by proposer Company Cloud10 Hospitality as they will be first user of this concept once it is ready.

The project represents very high value for money for the Cardano ecosystem in several ways:

1. Use Case Expansion: By developing a real-world application like hotel room booking and payments on the Cardano blockchain, the project expands the potential use cases for the Cardano platform. This demonstrates the practicality and versatility of Cardano's blockchain technology beyond just cryptocurrency transactions.
2. User Adoption: Introducing hotel room booking and payments on Cardano attracts users who may not have been previously involved with blockchain technology. This expands the user base of Cardano and encourages adoption, potentially leading to more widespread use of the platform in various industries.
3. Innovation and Competitiveness: Developing innovative solutions like hotel room booking and payments on Cardano demonstrates the ecosystem's commitment to innovation. It also enhances Cardano's competitiveness in the blockchain space by offering unique features and use cases that differentiate it from other platforms.

Overall, the project represents a strategic investment in expanding the utility and adoption of Cardano, while also showcasing the platform's capabilities in real-world scenarios, ultimately delivering value for the ecosystem and its stakeholders.

Generally for any project in this category of Use Cases: Concept, one don't expect it being implemented in real cases, here we ensure it is implemented in real hotels before project is declared complete, it brings additional value for Cardano Ecosystem.