Blockchain has emerged into popular parlance thanks to its association with Bitcoin which was launched in 2009 using this P2P network. However, blockchain has other advantages, notably in the travel and tourism sector. Best part is that all information is tightly encrypted. Business intelligence shared by Amadeus shows that each year, more than two billion Euros are spent by airlines on lost baggage recovery. This amount can be saved by using blockchain to track luggage and verify identifications. The entire process will be even stronger with the correct alignment between blockchain and biometrics. While blockchain cannot replace the human interaction, it makes the entire process more transparent.

Source:https://www.tourism-review.com/tourism-industry-discussing-the-blockchain-news10454

Uploaded Date:01 March 2018