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Blockskye's Ambitious Journey in Corporate Travel

In a significant announcement this July, Blockskye, an innovative company dedicated to revamping corporate travel infrastructure, revealed that it has secured
$15.8 million in its latest funding round. Led by prominent investors such as Blockchange and including contributions from United Airlines Ventures to various venture capital firms, this funding aims to propel the company forward in the rapidly evolving travel industry.

Blockskye's mission is crystal clear; they're set to transform the $1.5 trillion corporate travel sector. This industry has long been plagued by outdated technologies and a reliance on intermediaries, resulting in unnecessary costs and complexities. With the infusion of fresh capital, Blockskye plans to expand its operations internationally, roll out new payment products, and enhance its team with tech experts and seasoned veterans from the travel industry.

The core of Blockskye's offering lies in its advanced blockchain-based framework, which provides a modern solution to an antiquated system. By forging direct connections with suppliers and streamlining processes, Blockskye's platform allows enterprises to execute travel more transparently and efficiently. A partnership with KAYAK for Business exemplifies their dedication to reducing total travel costs for clients—reports indicate that companies can save up to
14.5% on their travel expenses.

One of the main features that makes Blockskye unique is its ability to automate bookings, payments, and expense reporting through innovative products like BMAX and B360. Unlike traditional solutions that only focus on specific aspects of travel management, Blockskye adopts a comprehensive approach, ensuring clients have clarity and control over their travel decisions.

High-profile companies such as PwC, Diageo, and TripAdvisor have already entrusted their travel management needs to Blockskye, highlighting the demand for its modern solutions. "Corporate travel represents one of the last elements of enterprise operations still relying on outdated, intermediary-heavy infrastructure that lacks basic trust and transparency," remarked Brook Armstrong, co-founder and co-CEO of Blockskye. Their objective extends beyond just providing service; it’s about redefining an entire industry by leveraging technology that fosters real-time reconciliation and financial clarity.

With a total of $33 million raised so far, Blockskye finds itself at a potent juncture of growth. The latest round of funding is poised to accelerate its existing momentum, enabling the company to cater to the needs of Fortune 500 clients and global suppliers more effectively. Notably, their technology has already demonstrated results, including an 84% reduction in agent-related expenses and significant savings garnered through innovative tracking of unused tickets.

The influx of capital will also support Blockskye in penetrating new markets and expand its team, a necessary step for ensuring the continued success of its customers. Blockskye’s advantage lies in its ability to provide a trustworthy, transparent technology solution in a market that has long needed reform.

Understanding that corporate travel remains an essential but often overlooked aspect of modern businesses, Blockskye’s impact is predicted to resound throughout the industry. By prioritizing trust and transparency while ensuring client satisfaction, Blockskye aligns itself with the demands of a new generation of enterprises seeking efficiency in an increasingly competitive landscape.

As their journey continues, stakeholders in the corporate travel sphere will undoubtedly be watching Blockskye closely, anticipating the changes this groundbreaking company will bring to the table. As they pave the way toward a more modern travel experience, one thing is certain—Blockskye is set to revolutionize corporate travel and set new standards for the industry alike.