BTU Protocol

BTU Protocol BTU

$0.3842
Market Cap $ 34.586 MM (#234)
24h Volume $ 327.485 K
Chg. 24h: 5.16%
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BTU Protocol project purpose and description

BTU Protocol clarity of purpose

BTU Protocol purpose and aspects

BTU Protocol is a peer-to-peer booking protocol. BTU Protocol enables direct business (0% commission) between consumers & any kind of service providers. The Booking Token Unit (BTU) protocol is a standardized building block for any decentralized application (dApp) or web site willing to implement booking features for their end-users.

BTU Protocol categories

Blockchain as a service

Short description

BTU Protocol is a peer-to-peer booking protocol. BTU Protocol enables direct business (0% commission) between consumers & any kind of service providers. The Booking Token Unit (BTU) protocol is a standardized building block for any decentralized application (dApp) or web site willing to implement booking features for their end-users.

Abstract

Booking Token Unit (BTU) protocol is a standardized building block for any decentralized application (dApp) or web site willing to implement booking features for their end-users. The BTU protocol also brings interoperability among decentralized applications that incorporate it. BTU protocol is currently under standardization in the Ethereum ecosystem as ERC-808. BTU token will be an ERC20 token running the protocol. All platforms implementing the BTU protocol would benefit from a hybrid approach combining an on-chain smart contract and off-chain software components, providing more scalability. A transparent and public inventory enabled by an open-source protocol would considerably lower the entry barriers to many internet booking markets.

Link to Roadmap: n/a
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