Blockchain In Tourism: Why. The pandemic has made this question as relevant as ever.
29 Mar 2021, 11:53
🏨Blockchain In Tourism: Why?
📌The pandemic has made this question as relevant as ever. From the standpoint of the benefits the blockchain technology can offer the tourism industry, it is stability and safety that are among the highest rated ones. Decentralization means that no information will ever be lost or altered in a cyberattack, which guarantees transactions are always valid and traceable.
📌The tourism industry relies on companies sharing information between each other. For example, travel agencies have to pass the information about their clients to airline companies and hotels. Even tourists’ personal belongings are often moving between one company’s custody to another. Blockchain can make access to this important information simpler and more reliable.
📌The most important blockchain use case in the tourism and hospitality industry is contactless, cashless payments. Here the range of applications spans from a global ledger, making financial transfers simpler and safer, to a full-on payment processor, allowing tourism companies to accept Bitcoin and other crypto as payment.
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