Benefits of Blockchain Technology to Tourism Industry

Abstract

Blockchain technology has revolutionized the digital world by increasing security, flexibility and efficiency of operational systems to be better. Since blockchain technology has a number of useful features, such as highly robust, transparent, decentralized, immutable, anonymous, and traceable, thus it is used in the tourism industry for both practical and strategic purposes. Nowadays, blockchain technology is still relatively new, but it will continue to evolve and become more sophisticated. This article discusses the benefits of blockchain technology used in tourism, including hotels, airlines and restaurants.