Review on ModiHost by Stephen Toluwani
Modihost. Where Blockchain meets AI to help Hotel Chains
I am always keen to writing reviews on those kind of project that came with a utility to serve humanity for the better good. Modihost, a project with a funny name in my view, turns out to be one of those. The creators of Modihost envisioned the project to its service of customers in the hospitality sector. The project which in it's main core, is the use of AI in providing some basic needs of a Hotel, cutting the costs, increasing efficiency of the workers, create a lending market to hotels under it's chain of networks and most of all, provide personalized services to the customers.
In basic terms, this project revolves around this AI it's creators have managed to build, the interest of the project in creating a token mostly revolved around payments and a lending market. The use of the AI is to provide those personalized services after taking into cognizance, the response of such customers. The AI also does what it can to make sure customers are satisfied and get what they need at a specific time even before they request it. By so doing, the keep the staffs out of inefficiency as matters relating to the customers are relayed almost immediately through it's interface. It truly is remarkable.
As for the need of a token, AIM is the utility token of the Modihost project. The AIM token as I mostly see it, is used for payments and lending. For the payments, through an interface provided by the project to hotels, payment efficiency is increased via speed and less cost. With AIM, people can book into a hotel with less fees while workers payments can be handled by smart contracts. One interesting use of AIM is the lending market. Through the lending market, users pool in their Coins and whichever Hotel is in need of a loan, they can take from the pool thereby earning the lenders some profits while giving he hotels, an edge over the loan sector of the conventional banking system.
It's an interesting project indeed. I really hope for more expansion of the project just as they had in plans because it's simply revolutionary.
Pros
- AI and Blockchain technology are placed on the same grounds to improve hotel services
- The use of AIM for the lending market and as a payment processor
- The project keeps adding more Hotels to its network which indicates a healthy growth
Cons
- The expanse of its technology use is restricted to many countries of the world
