{"id":3396,"date":"2022-04-07T11:39:48","date_gmt":"2022-04-07T11:39:48","guid":{"rendered":"http:\/\/34.228.189.90\/?p=3396"},"modified":"2023-09-25T16:02:16","modified_gmt":"2023-09-25T10:32:16","slug":"blockchain-technology-and-how-it-will-impact-the-tourism-industry","status":"publish","type":"post","link":"https:\/\/www.indianeagle.com\/traveldiary\/blockchain-technology-and-how-it-will-impact-the-tourism-industry\/","title":{"rendered":"Blockchain Technology and How it will Impact the Tourism Industry"},"content":{"rendered":"<figure id=\"attachment_13116\" aria-describedby=\"caption-attachment-13116\" style=\"width: 800px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-13116 size-full\" title=\"Blockchain Technology\" src=\"http:\/\/34.228.189.90\/wp-content\/uploads\/2022\/04\/Blockchain-Technology-and-How-it-will-Impact-the-Tourism-Industry-01.png\" alt=\"Blockchain Technology\" width=\"800\" height=\"533\" srcset=\"https:\/\/tds.indianeagle.com\/wp-content\/uploads\/2022\/04\/Blockchain-Technology-and-How-it-will-Impact-the-Tourism-Industry-01.png 800w, https:\/\/tds.indianeagle.com\/wp-content\/uploads\/2022\/04\/Blockchain-Technology-and-How-it-will-Impact-the-Tourism-Industry-01-300x200.png 300w, https:\/\/tds.indianeagle.com\/wp-content\/uploads\/2022\/04\/Blockchain-Technology-and-How-it-will-Impact-the-Tourism-Industry-01-768x512.png 768w, https:\/\/tds.indianeagle.com\/wp-content\/uploads\/2022\/04\/Blockchain-Technology-and-How-it-will-Impact-the-Tourism-Industry-01-630x420.png 630w, https:\/\/tds.indianeagle.com\/wp-content\/uploads\/2022\/04\/Blockchain-Technology-and-How-it-will-Impact-the-Tourism-Industry-01-640x426.png 640w, https:\/\/tds.indianeagle.com\/wp-content\/uploads\/2022\/04\/Blockchain-Technology-and-How-it-will-Impact-the-Tourism-Industry-01-681x454.png 681w, https:\/\/tds.indianeagle.com\/wp-content\/uploads\/2022\/04\/Blockchain-Technology-and-How-it-will-Impact-the-Tourism-Industry-01-272x182.png 272w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-13116\" class=\"wp-caption-text\">Source: Freepik<\/figcaption><\/figure>\n<p>Blockchain technology <span style=\"font-weight: 400;\">has garnered a lot of interest from different sectors because it has the potential of drastically transforming the way data and other important information is stored. It promises the organizations a secure and transparent process to complete transactions. And the tourism industry seems to be keen on experimenting with this new technology. How? You\u2019ll explore more about it in this article.\u00a0<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor: pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #aaaaaa;color:#aaaaaa\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #aaaaaa;color:#aaaaaa\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.indianeagle.com\/traveldiary\/blockchain-technology-and-how-it-will-impact-the-tourism-industry\/#What_is_Blockchain_Technology\" title=\"What is Blockchain Technology?\">What is Blockchain Technology?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.indianeagle.com\/traveldiary\/blockchain-technology-and-how-it-will-impact-the-tourism-industry\/#Blockchain_Technology_in_Tourism_Industry\" title=\"Blockchain Technology in Tourism Industry\">Blockchain Technology in Tourism Industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.indianeagle.com\/traveldiary\/blockchain-technology-and-how-it-will-impact-the-tourism-industry\/#Advantages_of_Blockchain_Technology_in_the_Travel_Industry\" title=\"Advantages of Blockchain Technology in the Travel Industry\">Advantages of Blockchain Technology in the Travel Industry<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"What_is_Blockchain_Technology\"><\/span><b>What is Blockchain Technology?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In simple terms, <\/span>blockchain technology <span style=\"font-weight: 400;\">is a system of recording important information in a way that makes it very difficult or impossible to cheat, change or hack the system. It is basically a digital ledger of transactions that is copied or duplicated and distributed over an entire network of computers on the blockchain.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Blockchain_Technology_in_Tourism_Industry\"><\/span><b>Blockchain Technology in Tourism Industry<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The tourism industry is benefiting from revolutionary technologies these days. Be it the wide use of <\/span><a href=\"http:\/\/34.228.189.90\/the-future-of-ai-ar-in-travel-apps\/\"><b>travel apps<\/b><\/a> <span style=\"font-weight: 400;\">by tourists or the use of blockchain technology by various organizations in this sector. Each promises an excellent user-experience and customer satisfaction. Blockchain along with the tourism industry can become a powerful combination as this amazing technology can help solve certain problems that already exist.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Advantages_of_Blockchain_Technology_in_the_Travel_Industry\"><\/span><b>Advantages of Blockchain Technology in the Travel Industry<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>A Secure Mode of Payment<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In the travel industry, block chain technology can be used to make secure payments directly between two parties without the involvement of a third one. This is because it uses various cryptocurrencies like Bitcoin that does not require the interference of another party.\u00a0<\/span><\/p>\n<p><b>Helpful in Baggage Management<\/b><\/p>\n<p><span style=\"font-weight: 400;\">One of the worst things that can happen while traveling is losing luggage. But <\/span>blockchain technology <span style=\"font-weight: 400;\">can be very helpful in tracking and retrieving lost baggage. And the mishandling and loss of luggage can be reduced significantly. The blockchain data can be easily used by the authorities to monitor and identify the lost baggage.<\/span><\/p>\n<p><b>Identification of Customers<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With data saved in the blockchain, it eliminates the requirement for verification at multiple stages. Verifying the identity of the customer at the initial stage would be sufficient and this could even save a lot of time for both the security persons and the customers. Hence, experts have the opinion that <\/span>blockchain technology for smart tourism <span style=\"font-weight: 400;\">is a necessity.\u00a0<\/span><\/p>\n<p><b>The Customer Reward System<\/b><\/p>\n<p><span style=\"font-weight: 400;\">When services start using and accepting blockchain technology, they can even reward their loyal customers with cryptocurrencies. This can be used for their next trip and can help them save money. The need of a third-party mediator can also be easily eliminated this way.\u00a0<\/span><\/p>\n<p><b>Genuine Business Ratings<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Ratings by customers can be accessed through <\/span>blockchain<span style=\"font-weight: 400;\">, which will provide the users with correct information. As the entire data in the network is secure, public and dependable, this would increase the transparency and help gain the consumer\u2019s trust.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although many businesses in the travel sector have already started using this technology, we have to wait and see how blockchain technology will revolutionize the tourism industry. It may not be for everyone but blockchain technology just like <\/span><a href=\"http:\/\/34.228.189.90\/metaverse-tourism\/\"><b>metaverse <\/b><\/a><span style=\"font-weight: 400;\">certainly has a lot of uses.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b><i>Disclaimer: <\/i><\/b><i><span style=\"font-weight: 400;\">Indian Eagle claims no credit for the images featured on its blog site. All the visual content is copyrighted to its respective owners only. We mention the source name of the image whenever possible and found. However, if we miss acknowledging the owner\u2019s source, please contact us. In case, owners don\u2019t want us to use their images, we will remove them promptly. We believe in providing proper attribution to the original author, artist, and photographer.\u00a0<\/span><\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain technology has garnered a lot of interest from different sectors because it has the potential of drastically transforming the way data and other important information is stored. It promises the organizations a secure and transparent process to complete transactions. And the tourism industry seems to be keen on experimenting with this new technology. How? [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[45,553],"tags":[678,677,679,680],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain Technology &amp; Tourism Industry!<\/title>\n<meta name=\"description\" content=\"Did you know that blockchain technology can be helpful in the travel industry? 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