Blockchain Technology in the travel industry.
While blockchain is very much about moving values, it’s also about handling and securing data in better ways.
In travel, user profile security and privacy have always been hot topics. When a company enters into an agreement with a travel management company, airline, or other suppliers, the company usually needs to give that supplier access to employee data so they are able to provide the expected service. Whether that process is manual or automated it takes time and effort and creates friction on both sides.
However, not for XcelTrip. Having information on the blockchain removes many of these problems.
By this point, most blockchain enthusiasts know that distributed ledger tech has potential beyond fintech. The travel industry which is deals regularly with a number of pain points can be solved by blockchain technology.
Here are some of the more notable issues that blockchain could help to solve: overbooking, fraud, identity and reputation, loyalty, and duty of care.
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