Customers’ expectations for flawless travel experiences have never been higher, and blockchain is ready to play an important part in helping the industry to deliver them.
If ever there was an industry that’s ripe for blockchain revolution, it’s surely the travel and hospitality sector, which is one of the most data-driven businesses in the world today. With databases spanning flights and hotel bookings, inventories of travel packages and products and more besides, travel companies have amassed petabytes of information.
With so much data at its fingertips, the travel industry is just crying out for some blockchain-based efficiency, and the technology provides numerous opportunities to streamline its operations and enhance traveler experiences. So let’s take a look at how it’s doing that.
1. Cross-border payments
One of the most obvious applications for blockchain in the travel industry lies in payments, which was the original use case for the technology.
Travel…
