Firstly, what is Blockchain?
Bitcoin, the world’s first digital currency, might feel like a passing technology trend with no function in the world of business travel.
But what if the technology upon which Bitcoin is built could make the fear of forgetting your passport a problem of the past? Well, now there’s a brave new world.
While cryptocurrency still is the most recognized application of Blockchain, the technology itself has the potential to transform every aspect of our lives, including making travel more streamlined and secure.
Essentially a decentralised and transparent data network, Blockchain was created as a way to shift power away from relational databases that are controlled by companies. The technology stores the action and information in encrypted blocks that can never be altered. Chaining the blocks together creates the blockchain.
According to CNN, data is now a $300 billion a year industry and growing rapidly. With data security a key issue across the world,…
