ITB Berlin Focuses On Blockchain Technology

admin 2023年10月01日 19:51 100 0

Xinhua News Agency, Berlin, March 9 (Reporter Tian Ying) At the 52nd Berlin International Travel Fair held here, the application prospects of blockchain technology in the tourism industry became a hot topic. Travel technology company executives and experts generally believe that blockchain technology has broad prospects for application in the travel industry, but it is still in its infancy.

Norm Rosin, president of the American Travel Technology Consulting Company, believes that the impact of blockchain technology on the tourism industry is mainly related to transparency and loyalty. Businesses can apply blockchain and cryptocurrency technology to their programs, such as loyalty points. The most recent case is Singapore Airlines’ announcement that it will launch a membership points digital wallet program based on blockchain technology for frequent flyers. Passengers can use mileage points for daily purchases at the group's partner merchants.

Rosin said that blockchain technology has the potential to revolutionize issuance, payment and certification platforms, but it will take 3 to 5 years to form a climate.

American company TripX is a technology company at the forefront of blockchain solutions for the travel industry. The company’s CEO believes that payment transactions are one of the most suitable areas for applying blockchain technology. Many companies in the tourism industry have to process a large number of payment transactions every day. Cross-border payments are cumbersome, time-consuming, costly and require a lot of manual operations.

Calhern said the company is about to launch its first cryptocurrency initiative. Travel suppliers and resellers only need a string of codes to accept payments from the cryptocurrency market, and the transaction process is not affected by exchange rate fluctuations.

Tans, CEO of a global hotel online booking website, said that there is currently a lot of discussion about the development potential and application of blockchain technology in the tourism industry. It's still in its infancy, but there are already many interesting ideas and business models being discussed and developed.

Blockchain technology is a collection of various technologies at the bottom of the Internet, including P2P communication protocols, distributed storage database technology, encryption algorithms, consensus algorithms and other technologies. Through the integration of these technologies, time series and block-based records are created. The data model has functions such as decentralization, point-to-point transmission, transparency, traceability, non-tampering, data security, and self-established credit.

标签： #Blockchain #Technology #Applications #Cryptocurrency #Tourism