Sabre Corporation, a global travel technology company mentioned blockchain among three evolving technologies that will drive the tourism industry within the next decade. In their report, they describe how this innovative solution can reshape traveling, making it more efficient, smarter, and closer to tourists.
Simply put, blockchain is a technology of data collection and encryption that can be used in different areas. Its main advantage is an absolute security because the data is stored in the numerous cells, which are constantly synchronized and checked for accuracy. This digital technology can easily blow up the existing travel branch by incorporating its multiple features in it.
Blockchain will benefit both travelers and service providers by removing any intermediaries between them. This way, people will get a smoother and cheaper way to book accommodation, buy flight tickets, or rent a car. Being relieved of the necessity to apply to any agents, tourists will considerably reduce their travel expenses while hotels or air companies will not have to share their profit with various middlemen.
Already today travelers can experience innovative decentralized technologies as various blockchain-based solutions exist in the market. For example, Winding Tree project allows users to choose the most suitable flight and accommodation options and buy them from the service providers (hotels, air companies, etc.) without paying any commissions to the third parties.
Dealing with cryptocurrencies is another excellent opportunity that blockchain can offer to travelers. This cheap, fast, and convenient method of payment is quickly gaining popularity all over the world. The number of crypto holders steadily grows every day. Thus, Statista shows that more than 25 million people ow blockchain wallets at the end of June 2018, while according to the Dalia Research, the total value of virtual assets rose by over 3,300% and exceeded $600 billion in 2017.
It’s natural that crypto owners want to not only hold their digital money on the accounts but also utilize it when buying various goods and services, including traveling. And fortunately, some market participants are ready to fulfill their wishes. For example, Taiwanese Airline that recently announced it would accept crypto payments for flight tickets and other services.
Zhang Gangwei, the airline’s head, stated that “the widespread use of cryptocurrency in various scenarios will usher in a new future for the airline business, lodging industry, OTA (Online Travel Agent) and the entire tourism sector. FAT is about to be the number one in the industry to embrace cryptocurrency and blockchain technology.”
However, the Taiwanese carrier is not the first who decided to give travelers a chance to enjoy cutting-edge digital technologies in the tourism area. The Japanese Noah Project went to even greater extremes in its desire to allow tourists to enjoy their tokens without restraint.
The project team is building a luxury blockchain and cryptocurrency-based resort in the Philippines. For this purpose, the Noah specialists have created the internal project token — Noah Coin.
Guests will be able to spend Noah Coins in every corner of the splendid Noah Resort to get access to a wide range of tremendous activities and amenities. The Noah Resort will be located at Zamboanga del Norte, one of the most charming and remote places in the Philippines. This picturesque part of nature will suit both calm and active pastime. Sunbath fans will appreciate long sandy beaches and warm sea, loving couples will enjoy sunset cruises while adventurous persons will be offered to investigate caves, dive into mysterious sea world, climb rocks, and participate in other activities for every taste.
So, blockchain and cryptocurrencies can make travelers’ lives as much as possible. They drastically reduce their costs, save their time, and allow them to make settles in any way they want — by spending cryptos on recreation and entertainment. The Noah team hopes that the Noah Resort will become a bright example of a stable and fruitful cooperation of digital money, high tech, and tourism. Are you ready to enliven your traveling experience?