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How Blockchain will change the Travel Industry #33
Manage episode 312385230 series 3227726
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Blockchain and Travel
Every one of us has travelled. Whether it is to a foreign country hundreds of miles away or just to another city within your country. We can travel by bus, rent a car and drive ourselves, or take the plane. If we don’t have any friends in the location we are traveling to, we can stay at a hotel, hostel, B&B or even couch surf. Travelling has never been as easy as it is right now.
Platforms like Expedia, Skyscanner, and Booking.com have understood that people prefer secure platforms where they could see all of the options in one place and find the perfect solution for them without having to search through different websites for hours.
These platforms make planning your travels convenient, but it comes at a cost. Often, these platforms take up to 20% of the ticket price that you pay.
To change that, companies are looking to implement blockchain technology to the travel industry. This would give consumers the possibility to book hotels, plane tickets or anything else using smart contracts, therefore eliminating the middlemen.
This week we cover how blockchain can change the Travel industry including:
- Online booking
- Travel industry security
- Luggage tracking
- Loyalty management
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