It is because it has the potential to dramatically change how the data or information is stored & used, enhancing security and transparency, while also improving transactions.2019 was a crash year for cryptos, although the sum raised this year was twice as high as the past with Blockchain in action.
For example, travel agents need to pass customer’s details on to bus companies and hotels, while the individual assets of travelers are passed between companies and tracked as well.Blockchain can make getting to and storing essential data easier and progressively dependable because responsibility for storing it is shared over the entire system.The decentralized nature of the Blockchain implies that the data can never go disconnected or be lost through incidental erasure or a malicious cyber-attack, ensuring transactions are constantly traceable.Blockchain technology helps to improve the effectiveness of travel by progressively diminishing travel costs and time.
It can give solutions to some issues in the sector.Blockchain technology can control the temperature of goods, for example, drugs, and medicines while carrying in transport mode.
Besides, it helps in the payment process by decreasing processing time and expels the third-party agent’s cost.
And of course, financial transactions are significant in the travel industry too, and Blockchain technology can simplify, as well as secure payments.
At this time, customers need to independently book tours, hotels, flights, and activities, so on with various companies.