How can the Blockchain help the Travel Industry?
In the Travel Industry, there are a big number of Middle Man as Travel Agencies, both Online and Physical. This covers transaction fees, connectivity issues, inventory availability. Fraud is a big issue, mostly because payments online are very easy to be fraudulent with no immediate verification of identity and payment method -such as ID with the credit card to verify it is not stolen-. Identity is required in almost every step of the Travel Experience, from taking the airplane, to pick up the luggage, to check-in in the hotel. Touching all these points, how can blockchain help the Industry?
Blockchain is already used in the travel indusrtry. Blockchain is helping in tracking luggage as there are many cases of customers lugage exchange. Identification of passengers through fingerprints will help in reducing the queue & check in time at airport. Payments are secure and simple by using bitcoin & cryptocurrencies.
Hungry for knowledge?
New guides and courses each week
Looking to invest?
Market data, analysis, and reports
A community of blockchain experts to help
Get started today and earn 4 bonus blocks
Already have an account? Sign In