Recently，Australian OTA Webjet invests US$4.1 million in blockchain startup LockTrip，Enter the cryptocurrency space again。

According to agreement，Webjet has agreed to invest an additional US$4.2 million in the future if certain conditions are met，In other words，Total investment US$8.3 million，LockTrip has not historically received investment from venture capital institutions。

An announcement posted by LockTrip on its blog，The company has cooperated with Webjet for two years，188bet Online Sports Betting and Casino And fully communicated on various issues，Saying "This is not a short-term investment behavior"。

LockTrip is located in Bulgaria，There are 2.1 million hotels and properties on the platform，Webjet will integrate the LockTrip platform and LOC token economy into its OTA sites in Australia and New Zealand in the future。

Webjet General Manager John Guscic and Director of Corporate Development Lynne Oldfield will join LockTrip’s Board of Directors。

Guscic said，The company first contacted LockTrip in 2019，At that time Webjet was working with Rezchain, a provider of blockchain booking authentication solutions，The two parties were communicating about blockchain。From the first conversation，We are amazed by the way LockTrip founders have solved the challenges facing public blockchains，believes they have a great opportunity to leverage the fundamental properties of blockchain to disrupt the hotel distribution space。

Next，Webjet is preparing to cooperate with LockTrip to migrate Rezchain to Hydra chain，The latter is the true proof-of-stake mechanism (POS)，is Bitcoin、The combination of Ethereum and Qtum。

Oldfield added，Generally，Public chain is very slow，Requires a lot of resources，Pricing is also unpredictable。After the release of Hydra Chain，LockTrip provides a scalable platform for business applications。