Harnessing the power of blockchain into the travel industry.
Did you know the travel industry is one of the biggest industries with a direct contribution to global GDP? According to the survey, the industry employs more than 292 million people, which means 1 out of every 10 people are involved with the travel industry either directly or indirectly.
The travel industry is segmented into several divisions, including flight bookings, hotel bookings, automobile rentals, and other variables.
Now you must be wondering how can you harness the power of blockchain in all these.
The booking market is dominated by major travel booking platforms. Customers and airlines, as consequences, bear the brunt of the loss.
Amaze World is an Estonia-based company that leverages blockchain technology to create a fair and competitive travel distribution industry.
The company seeks to connect travelers directly with service providers with its Amze token.
Aside from improving supply chain efficiency and lowering hotel expenses, travelers benefit from lower-cost bookings, along with greater transparency and accountability.