fbpx

My name is Rhys, a first time dad blogging about my adventures and experiences of being a parent. [email protected]

What are the primary use cases of blockchain in the travel industry?

Travelling is an essential part of everyone’s life. However, sometimes they travel a short while; sometimes, they are longer than we can imagine. Moreover, people sometimes wish to travel worldwide, and therefore, they are required to keep a record of everything. Also, management is crucial in such a situation. But, with outdated traditional technology, things can get complicated if you want to go on a long trip. Also, it will be tricky for the organisers of the trip as they have to be responsible for everything you want to be done correctly. So, something that can disrupt the travel industry to a large extent is the Blockchain with https://brexitmillionaire.org/. Blockchain can also be implemented into the travel industry just like any other industry worldwide, and it will deliver some good advantages.

Blockchain technology has an abundance of interest in the aviation and travel sectors. The industry has to recognise the use of cryptocurrencies and blockchain, and then everything will be like a cakewalk. Once the blockchain is implemented into the aviation and travel industry, there will be certain advantages that the industry might never have seen before. It will work in favour of the travel industry and its customers. There will be better transfers of goods and services apart from that; everyone will benefit from it as the cost will be decreased. Let us look at the use cases of cryptocurrency and blockchain in the travel industry in detail.

Management of baggage and tracking

A highly complex set of procedures to be followed in the travel industry is regarding the management of baggage and its tracking. Sometimes, people feel that their baggage will not be arriving at the port, and that is something which is going to make them nervous. Therefore, Blockchain technology can be implemented in the travel industry to manage and track the goods and services for the people. The people travelling in different nations of the world require the industry to make sure that their baggage is safe, and it can be done using blockchain. It is going to facilitate faster, and on-time tracking of their baggage, which will make them feel safe and also, the trust of people will also be built in the industry service providers.

Reward system for customers

Nowadays, the travel industry has provided many advantages to the people as they also facilitate a reward system. In such a system, the company decides to give away some free goods or services to the people who have been their loyal customers. But, it can be pretty complicated with the traditional system that records can be manipulated and lost. But, with the use of cryptocurrencies in this department, they will implement everything using Blockchain technology. The records of the customers will be kept in the Blockchain system, so they will be safer and not manipulated. The delegation of the rewards will be more accessible to customers’ accounts directly.

Decentralised nature

The decentralised nature of the Blockchain system has also been one of the most important reasons the travel industry should be using it. You might be pretty familiar with online travel agencies that are popular nowadays. They are working as intermediaries between travellers and the service providers. But they are required to be eliminated. If it is done, the travel cost will be lower and also, It will be easier for the industry to flourish more than ever before. So, Removing the intermediaries will work in favour of users and the service providers, which will allow the company to flourish more than ever before.

Identity services

Identification of the customers is one of the most crucial aspects of the travel industry as it is a part of the set of procedures required for anyone to travel. At airports, the process can take a lot of time. It is because their system is slow, but with the involvement of blockchain, the services are going to be faster. The identification process for the customers will be carried on at a faster speed, and everything will be a cakewalk. As the blockchain keeps records without manipulation and with high security, if anyone needs to be identified, it will be done within minutes, which will streamline identifying the customers.