Blockchain is a revolutionary technology that has been used to create cryptocurrencies. But it can be expanded in various sectors like the travel industry. However, the travel industry will be benefited a lot if blockchain is used in this sector, and which would be the benefits are mentioned below:
Identification
We all know identification is required for travelling, especially when you are travelling foreign. And it is also a fact that identification in the airport is a pain and takes a good time. But blockchain technology can solve that problem. That is because identification requires lots of data for the servers to store so that they can be checked, whether with the use of fingerprint or retina check. Since blockchain can store a massive amount of data in an organized way, so, it would be a big help for the travel industry to identify in less time and store all the data organized.
Tracking Luggage
When you are travelling to international destinations, you will need to secure your luggage that is because, during your voyage, your luggage changes many hands in the airports. So, it is very difficult to track your luggage and safely put it in your hands. But with the help of blockchain technology, it is possible to track your luggage in no time. It doesn’t matter how many hands have changed and how many verifications process the luggage has been passed; the tracking will be easy with the help of blockchain technology.
Loyalty Programs
If you travel a lot, then you know that most travel agencies offer loyalty programs so that they can promote their business and increase their service, and the traveller will use their service again. But since it’s hard to access the customer’s data now, so they have to face many problems. However, blockchain technology can help with that. That is because blockchain will store all the data and organize it well so that you will be able to access them and offer better services. At the same time, with the help of blockchain, you will be able to issue tokens that can be offered to customers for loyalty services.
Secure Services
If blockchain technology is used in the travel industry, then the fraud service rates and other threats will be eliminated. We all know that security is the foremost crucial benefit of blockchain, and it is also a fact that many travellers also encounter various threats and frauds. So, with the help of blockchain, it would be possible to provide a secure and safe service to travellers.
Payments
Payment methods for the travel industry will be very benefited from the blockchain. That is because it uses the public ledger that can be altered. And it is possible to make secure payments faster than any other payment method. At the same time, the transaction fees will be much lower with the blockchain. Besides, travellers can use cryptocurrencies for payments like Bitcoin and other thousands that can be used for better payments.