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5 examples of blockchain application in the tourism sector

Tourism has been a sector promoting and supporting technology for some time, with the implementation of blockchain and other types of technologies to innovate in this sector and continue to generate significant profits.

Then there is the coronavirus, a condition that has caused many changes in all business areas, which is why platforms are migrating services into the digital age.

The idea of ​​this industry is to adapt its services to the new requirements of customers. Therefore, the implementation of new payment methods for reservations and ticket purchases has become a reality in a short time and creates synergies between the methods traditionally such as credit cards, up to the acceptance of cryptocurrencies for the respective payment.

5 examples of blockchain application in the tourism sector
5 examples of blockchain application in the tourism sector

This time we will highlight 5 companies or platforms that have successfully and profitably migrated into the digital and cryptographic age of the tourism sector.

The first on this list is Trippki, a platform that uses a hotel comment rewards program. These rewards are converted into tokens that are given to the user after the reviews are submitted. Recommend the platform, briefly rate the hotel’s attention, rate the experience in the more than 1.6 million hotels worldwide, with a variety of cryptocurrencies supported for payment, which also means versatility allows independence.

The retaliation of these loyalty awards can be redeemed in other areas of the hotel such as bars, shops or other business areas where cryptocurrencies are accepted as a means of payment.

There are also two types of platforms, one for the hotel, promoting the availability of the hotels connected to the ecosystem, and the other exclusively for users who sign up for the Loyalty Club just like other companies worldwide with exclusive discounts.

The second platform is TUI BED – SWAP. With a customer base of more than 20 million worldwide, the TUI Group is possibly the largest in the industry. It has more than 1,600 travel agencies, more than 380 hotels, and at least 16 cruise lines making up a pretty solid global tourism network.

For such an infrastructure It has a private blockchain network that allows you to find out bed and room availability mainly in real time. Without having to go through sites like Expedia and cheaper than these platforms, which mean additional costs for the customer and the hotelier.

The third platform is LockTrip, another company that uses blockchain technology to book flights, accommodations and tickets. The commissions are lower than in the current market, which means that both hotel owners and users can rely more and more on the use of these alternatives, which saves costs and makes cryptocurrencies more user-friendly.

The founder of LockTrip said in an interview with Forbes: “Our project outperformed the market by + 200% during the bear market,” he continues: “The prices in our market are on average about -19% cheaper than The cheapest alternative: booking.com. “He closes with the reason:” Our prices are so cheap that we are not allowed to advertise on Trivago. “

The last two platforms are aimed at the operational part of travel when tourism is complete. The large number of documents that have to be filled out and taken with you when crossing the borders depends largely on the countries to which you are moving. Hence, Sita and ShoCard have combined efforts.

This collaboration brings together one of the premier passenger transport companies and perhaps the largest technology research company in existence. The aim of these efforts is to use the blockchain to create a biometric database on a single ID in order to avoid having to carry different personal ID documents at different airports.

The ShoCard, which makes this information available digitally, would allow all passengers to expedite immigration procedures and, therefore, the airport experience. Such benefits have a positive impact on the tourism industry.

This brings us to the last part of this list of 5 companies that are dedicated to blockchain technology and are revolutionizing the tourism industry. This time we have to mention Winding Tree, they recently announced the marketplace launch with no fees. This innovation is intended to attract a greater influx of travelers and greater acceptance by airport and travel agent staff.

From the beginning of the platform One of the founders has repeatedly stated that the world of travel in general is monopolized. That’s why they started with the platform. then with the tokenization of the project and now with this marketplace trying to connect vendors directly with consumers on an open source platform that does not restrict usage, on the contrary, it tends to market on equal terms democratize.

In this regard, Winding Tree CEO and Co-Founder Maksim Izmaylov said:

“As the Winding Tree platform continues to evolve, a world in which we can all connect with one another without monopolies or rent-seeking brokers will become a reality.”

For his part, Pedro Anderson, Director of Operations and co-founder of Winding Tree, said: “With its launch, Winding Tree is transforming travel by connecting travel companies with no additional fees, no intermediaries, no loss of control, and no data retention.”

These five examples of platforms that have looked at blockchain technology agree with something, lower payment processing costs, better security, and better transparency for the data used. Although some blockchains are private, the truth is that the ability to secure stored data makes their usability more practical today.

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