Blockchain applications in travel and holidays operators
The decentralised, permanent, time stamped and unalterable nature of the data recorded in the blockchain means that data is more secure, traceable and transparent. After all, there is no central point of vulnerability or failure, and the data itself is resistant to modification and unwanted tampering.
Blockchain technology can be extremely valuable for tracking the movements of luggage, especially when dealing with international travel. In many cases, a customer’s luggage changes hands multiple times over the course of their journey. Using a decentralised database makes sharing tracking data between companies a lot easier.
In simple terms, LockChain operates as a direct marketplace for hotels and hospitality companies looking to rent out property. The platform covers payment, property management and various other aspects of the booking process. Best of all, because it uses a decentralised system, there are no middlemen and no commission fees.
Finally, TUI has launched its own in-house blockchain project, which it refers to as ‘Bed-Swap’. Using this technology, the company is able to move inventories between different points of sale and flex selling margins, in real-time, based on the level of demand that is present at that time.
Winding Tree: Displacing Online Booking Hubs
The major travel service aggregators that emerged across the internet like Expedia and Priceline have since come to dominate airfare bookings, but at a serious cost to both travelers and airlines. Bookings on these websites tend to include hefty fees and surcharges made possible by their largely unchallenged status as gatekeepers. Blockchain-based startup Winding Tree is already working to unseat these entrenched giants by challenging their role as industry middlemen.
With its LÍF token, Winding Tree seeks to connect travelers directly with service providers like airlines, hotels, and tour guides, minimizing associated fees for travelers all while reducing costs for service providers. The company’s clever use of smart contracts and the ERC827 protocol delivers better savings for all travel industry stakeholders while its nonprofit status assures there are no middlemen adding unnecessary fees to the booking process.
More examples at https://www.leewayhertz.com/blockchain-use-cases/ – LeewayHertz Blockchain Developers.