How Blockchain will disrupt Travel and Tourism Industry?

Blockchain Technology, a sublime in this digital economy has the tendency to resound every industry and enterprise. Even in its dawning stage Blockchain proves to be the most promising technology that has the potential to transform industries such as Healthcare, Banking, Supply chain and lot more.

We are here to discuss this optimistic technology application in one of the lucrative industry " Travel and Tourism"

Challenges in Travel and Tourism

1. Lack of Transferability
2. Improper Baggage Tracking
3. Difficulty in Identification Process
4. Lack of Payment Security
5. OverBooking

Blockchain in Travel and Tourism

There should be collaborations between airlines and hotel management for maintaining their whole process involving reservation systems. Many global experts also suggest that there is an essential to collaborate travel industry with both Global Distribution Systems (GDSs) and Online Travel Agencies (OTAs).

These collaborations can make the process of travel and tourism industry more tedious. Thus Blockchain Technology, a decentralized distributed ledger technology can make the whole travel and tourism industry more securable and transparent.

Benefits of Using Blockchain In Travel and Tourism

1. Decentralized Booking
2.  Eliminations of Flight Delays
3.  Secured Payments
4. Trouble-free Baggage Tracking
5. Loyalty Schemes

Checkout here the real time applications of Blockchain in Travel and Tourism !!

Future of Blockchain in Travel and Tourism

Traveling should be comfortable, enjoyable and also cost-effective. The issues like fees, bad reviews, booking irregularities and lot more makes travel worse and also a bad user impression over the complete travel industry.

The use of blockchain technology is the first step that the travel industry has taken to improve its processes. The utilization of this technology for the betterment of the travel industry is only in the infant stage. There takes much time to identify the changes in these applications, but the first mover to implement this technology will experience the changes and benefits sooner than others.

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