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Will Blockchain Revolutionize the STR Industry?

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Blockchain was introduced in 2008 as part of the model for Bitcoin. And while several STR projects have come and gone in the years since, we have yet to see any concrete implementation of blockchain technology in the short-term rental space. Then again, the first web application launched in 1981, but the internet didn’t gain traction until the mid-1990’s. So, is blockchain technology likely to revolutionize the STR industry? Technology Expert Igor Kostin serves as Cofounder and CTO of iGMS, a vacation rental management platform dedicated to helping hosts grow their hospitality business faster. On this episode of Get Paid for Your Pad, Igor joins me to discuss the evolution of iGMS, describing how it started as a marketplace for cleaners and grew into a full PMS that serves 500,000 STR listings. Igor offers advice on testing user experience to decide what property management system is right for you and explains why there will be fewer PMSs to choose from in the next five years.&nb