Akbar Thobhani on payments in travel

1. Blockchain
San Francisco Open Exchange

2. 2
What is blockchain?
Distributed network to securely transfer
“items of value” between parties (or
strangers) via the Internet.

3. 3
Sending valuables is as easy as sending email
Bitcoin Address
(1jar23a9…)
private key
Blockchain
Transaction
Transaction
Miner

4. 4

5. 5
Direct Booking

6. 6
Mobile payments
in 90+ countries
Growth in
190 countries
Co-founder
Bitcoin Trading
Akbar Thobhani

7. 7

8. 8
T R U S T
Discover Identity Contract Payments

9. Trust on blockchain
9
Discover Identity Contract Payments

10. 10

11. Customer Travel Agent DMC Hotel Chain Property
Hotel booking payments (expensive and slow)
$ £ S$ TBH
I won’t bring up taxes
£ TBH

12. 12
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

13. San Francisco Open Exchange
Enterprise Grade Currency Trading & Transfer on the Blockchain.

14. 14
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

15. 15
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

16. Simplify operations and increase revenue
akbar@sfox.com