Travel Technology Cozystay first in vacation rental space to use blockchain solution By TTG Asia / Posted on 24 July, 2018 9:37 The partnership is touted to yield the first blockchain solution in the vacation rental space Cozystay Holdings has partnered Singapore-based Share Everything Lab (SEL) to bring blockchain technology to the vacation-rental sharing economy. The Vancouver-based vacation rental platform, which has been operating since 2015, will be the first adopter of blockchain-based trust protocols currently being developed by SEL. The partnership is touted to yield the first blockchain solution in the vacation rental space SEL’s protocols intend to resolve four major pain points said to plague the vacation rental industry: double-booking, security and fraud, review reliability and high fees. SEL said in a statement: “The success of our growth will come through proper technology and strategic partnerships to slowly evolve from an accommodation-sharing platform to a global sharing-economy website.” Tujia and Chinese blockchain technology company Tai Cloud are among the existing partners for Cozystay, the first vacation rental platform targeting Chinese vacationers that is headquartered outside of China. Cozystay, which has 60,000 users, 200,000 listings worldwide, has completed US$4 million in seed funding.