What Blockchain Technology could solve in 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 for XcelTrip. When a company enters into an agreement with a travel management company, airline or other supplier, 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.



Having information on the blockchain could remove much of the pain on both sides. The companies don't have to build new API connections between the supplier’s profile database and the buyer’s HR system for every new implementation. And manual profile workflow goes to history.

At this point, most blockchain enthusiasts know that distributed ledger tech has potential beyond fintech. 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 which blockchain could help to solve: overbooking, fraud, identity and reputation, loyalty and duty of care.

With all these advantages of cryptocurrency in mind find a suitable currency to invest or use XcelToken Plus and book your next journey in cryptocurrency in order to make sure that you reap the benefits of this form of currency transaction.





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