30s Summary

Dtravel, a decentralized platform for vacation rentals, is collaborating with Fetch.ai Foundation to create an AI-powered travel agent for developers. This will enable developers to incorporate Dtravel’s smart peer-to-peer network in their projects via the Fetch.ai platform. The initiative aims to offer an alternative to centralized platforms like Airbnb, potentially lowering costs for holidaymakers and property owners. The project head at Dtravel, Cynthia Huang believes the travel industry could greatly benefit from AI, with plans for an ethical data collection and usage method to power the AI.

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Dtravel, a decentralized platform for vacation rentals, has recently teamed up with the nonprofit Fetch.ai Foundation to launch an AI-powered travel agent for developers. The aim of Dtravel is to offer a different option to centralized vacation rental platforms like Airbnb.

Fetch.ai operates an open marketplace where developers can create, use, and modify AI agents on their own blockchain. Now, with the collaboration, developers can use Dtravel’s clever vacation rental discovery agent through the Fetch.ai platform. Essentially, developers are now able to put Dtravel’s smart peer-to-peer network into their projects.

This collaborative effort has been seen as a big move towards a better, more user-friendly travel ecosystem.

In the travel industry, big players like Expedia, Priceline, and Airbnb dominate. This new decentralized travel model could allow for direct end-to-end solutions for your vacation and accommodation needs. This could lead to cheaper costs for both vacation-goers and property owners.

This could be a really promising signal for the decentralized finance movement, as tech trends from the 2010s have been gradually replaced by more decentralized technology. Cynthia Huang, who heads Dtravel, reckons the whole travel industry could massively benefit from AI. The plan to make this successful includes developing the tech and, crucially, creating an ethical method for collecting and using data to power the AI.

Source: Cointelegraph