How blockchain technology can support travel industry

1. Call :+91-020-26434646visit : www.sphinx-solution.com How Blockchain technology Can Support Travel Industry? With the amazing innovation of voice technology like Amazon Alexaand Apple’s Siri and their fascinating utilization in hotel rooms clearly shows that we are entering a new age of efficient communication. This also bring opportunities to transform the travel industry. Today, we are talking about how blockchain technologyand cryptocurrencies can help the travel industry to operate efficiently. The widespread adoption of this advance technology is likely to see several positive aspects in travel and tourism industry. As the digital transformation is getting momentum, the travel industry is about to disrupt. Looking across the worldwide travel industry, many believe that blockchain technology implementation could be an apt solution to eliminate ongoing problems. This technology platform isn’t just about securely storing and moving information. Its open-source, distributed ledger trait can actually register every transaction. And when you are using cryptocurrencies, there is an excellent opportunity to skip the middlemen that slow down the processes and also increases the value. Blockchain helps businesses to deal directly with the customers in the open and most significantly encrypted form to reduce time and costs. The advance combination of blockchain technology development and cryptocurrency is like a treasure to this digital generation for securing identity and preventing fraud. Being a decentralized ledger which cannot be altered by anyone has the ability to change the entire travel industry infrastructure.

2. Blockchain technology not only store your personal information safely, also it resolves the issues of the recent confused processes. Daily flyers loyalty programs and luggage tracking can be managed without chaos. Managing the third-party suppliers could be made convenient along with taking care of the customer experience. From cargo and luggage handling to in- flight entertainment and insurance or compensation management, all the processes could be given a new digital upgrade. However, the blockchain platform is still in its infancy stage, but the underlying technology like cryptocurrencies can together protect different businesses. Airlines industry is one such sector which can take its full advantages. It will bring the much needed transparency in the regulatory compliance, simplifying logistic and legacy processes. Even the biometric processes can work over blockchain platform. It is the high time to offer a futuristic vision for both the businesses and travelers which is a great fit for a smart world. We have all faced different challenges while taking flights or on the check-in queue, but now blockchain is ready to offer a transitional ease while travelling too. Hoping that the use case will grow more and we would see the blockchain technology and cryptocurrency involvement in other mode of transports as well. You can check more on related topic: https://www.sphinx- solution.com/blog/category/blockchain-development/ If you need any technical assistance, contact us.

3. USA : +1 732-947-4310 | UK : +964 0771 7777 916 | Malaysia: +6017-2126274 IRAQ : +964 0771 7777 916 | BRAZIL : +55 21 2258-7260 | INDIA : +91-020-26434646 https://www.sphinx-solution.com Copyright© 2018 Sphinx Solutions Pvt Ltd. All rights reserved.