Examples of blockchain use in travel and holidays operators

The decentralised, permanent, time stamped and unalterable nature of the data recorded in the blockchain means that data is more secure, traceable and transparent. After all, there is no central point of vulnerability or failure, and the data itself is resistant to modification and unwanted tampering.

Secure, Traceable Payments

Perhaps the most important use of blockchain technology within the hotel and travel industry is related to payments. Here, its applications can range from serving as a global ledger, making bank payments more simple and secure, through to allowing travel companies to accept payments using Bitcoin and other cryptocurrencies.

BeeToken / Beenest

One of the most innovative current uses of Blockchain is the BeeToken or Beenest home-sharing platform. Here, the technology is used to put customers in touch with hosts, so that they can arrange and pay for stays. Again, there is no commission, while payment, reputation and arbitration protocols are all in place, keeping users safe.

ShoCard & SITA

A collaborative project from ShoCard & SITA has seen blockchain put to use in terms of identity management. Although still in its infancy, it is hoped that the platform will soon pave the way for a decentralised ID database, using a standard format, to allow travel companies to verify customer identification quickly and easily.

Accenture: Striving Towards Shorter Lines

Spending hours waiting in lines at airports is an oft-cited example of the annoyances of traveling the globe. With the volume of air travelers expected to grow 50% over the next 10 years, airports are likely to face even greater congestion, adding to time spent in lines for security, customs, and passport control. Security needs are also trumpeted as the reason behind tighter controls and oversight, contributing to a frequent traveler’s headache.

To overcome these challenges and expedite the security process, consulting firm Accenture PLC (ACN) in conjunction with the World Economic Forum has developed the Known Traveler Digital Identity System.

This blockchain is designed to collect and host identifying information from frequent international travelers, enabling a freer flow of data between travelers and customs agents to smooth the clearance process. For travelers, this means gaining control over their digital identities with better security thanks to distributed ledger technology. Airports and airlines also benefit from accelerated processing and better security, helping shorten lines all while alleviating one of the biggest traveler pain points.

More examples at https://www.leewayhertz.com/blockchain-use-cases/ – LeewayHertz Blockchain Developers.