February 3, 2020

FlightHub and JustFly on Blockchain and Travel

By Kyle Bernard

Blockchain and Travel Blockchain has been public knowledge since 2008. Like many innovations, it was met with skepticism. However, in recent years, the use of blockchain has become increasingly widespread. The tourism and hospitality industry is beginning to see the ways in which blockchain can change travel for the better. One of its most promising […]

Blockchain and Travel

Blockchain has been public knowledge since 2008. Like many innovations, it was met with skepticism. However, in recent years, the use of blockchain has become increasingly widespread. The tourism and hospitality industry is beginning to see the ways in which blockchain can change travel for the better.

One of its most promising features, is the ability to store and share data. Blockchain makes information secure by making it difficult to manipulate without specific types of access. As a result, the end user can make convenient, safe and efficient transactions.

FlightHub and JustFly take a closer look at the implications of blockchain technology throughout the travel world.

What Is Blockchain?

It may seem complicated, but it’s quite simple. Blockchain is a list of public records containing any given number of transactions between 2 or more parties. These records are called blocks. For security purposes, these blocks are encrypted and dispersed through a trackable peer-to-peer network.

Blocks typically contain 2 types of data : time stamps and transaction information. They’re also permanent and tamper-proof. Blocks can only be changed after being authorized by all parties. If changed, subsequent blocks will reflect all updates. 

Blockchain and Travel:

Stable and secure services are important to many industries—travel, hospitality and tourism businesses are no exception. With blockchain technology, data is protected. It stays online and generally can’t be deleted. For these same reasons, blocks are unlikely to be compromised by hackers.

Travel is a competitive industry; but it relies heavily on teamwork between businesses. Companies in the travel and tourism space must share information to optimize services for customers. For example, an online travel agency may forward a client’s booking details to airlines, hotels, car rental and tour companies.

Blockchain can help streamline this process and make it more secure. In this case, customers and businesses would be able to track information every step of the way.

Examples of Blockchain and Travel:

FlightHub and JustFly have gathered a list of examples of blockchain being used in the travel sphere.

  1. Luggage

Blockchain can be used to safely and accurately alert customers to the whereabouts of their luggage. Once checked baggage is given to airline staff, it’s often passed around, especially on international trips. If the luggage location is made available every step of the way with blockchain, the likelihood of lost luggage would decrease.

  1. Payments

Blockchain can also be used to make secure payments. This would reduce the potential for fraudulent transactions. It has the potential to create one network for all payments to be paid, processed and transferred without compromise.

As time goes on, more travel companies will also begin to accept cryptocurrencies as a standard method of payment. In fact, some airlines and travel agencies have already been accepting Bitcoin payments for more than 5 years.

  1. Identification

The importance of proper identification protocol when traveling can’t be understated. It’s instrumental to the safety of airport and airline staff as well as travelers. It’s also one of the most time-consuming parts of commercial travel.

When combined with other technological trends like facial recognition, storing identification data via blockchain could lower wait times and help the environment by reducing the use of paper documents.

  1. Loyalty Programs

Loyalty programs in the world of travel have been around for some time. The travel, tourism and hospitality industries use them to reward returning or long standing customers for their business. Blockchain can improve these programs by facilitating access to rewards, making the process easier and more secure.

Technology is changing the way we travel each day. Blockchain is one of many digital technology trends with the ability to do just that. The average traveler may not know much about blockchain, but it’s worth learning. Based on its constant rise in popularity and potential to improve travel, it won’t be long before blockchain technology becomes a mainstay in the travel industry. 

Branded series by FlightHub

By Kyle Bernard

Kyle Bernard

Kyle Bernard is a senior copywriter for FlightHub and JustFly. He is a McGill University graduate who has previously contributed content to Huffington Post, Elite Daily, Thought Catalog and other publications. He specializes in travel, business, tech and lifestyle writing.
Steve Prentice

Get Smarter – The Era of Microlearning 

The Era of Microlearning Becoming employable and then staying employable requires ongoing, up to date [...]
Read more
Steve Prentice

Episode 19: Why AWS Needs to Become Opinionated about FinOps

On today’s episode of the CloudTweaks podcast, Steve Prentice chats with Rahul Subramaniam, CEO at CloudFix [...]
Read more
Metasploit-Penetration-Testing-Software-Pen-Testing-Security

Leading Cloud Vulnerability Scanners

Vulnerability Scanners Cyber security vulnerabilities are a constant nuisance and it certainly doesn’t help with [...]
Read more

AI at the Gate: Navigating the Future of Cybersecurity with SonicWall’s Bobby Cornwell

Navigating the Future of Cybersecurity In the face of the digital age’s advancements, AI’s role [...]
Read more

Lambda Cold Starts: What They Are and How to Fix Them

What Are Lambda Cold Starts? Lambda cold starts occur when AWS Lambda has to initialize [...]
Read more
Katrina Thompson

Why Zombie APIs are Such an Important Vulnerability

Zombie APIs APIs have a lifecycle, the same as anything else. They are born, they [...]
Read more

SPONSORS

Interviews and Thought Leadership

Dolores

Q&A: Airport Security Trends with Dolores Alemán, Frost & Sullivan Analyst

Airport Security Trends In this CloudTweaks interview, we delve into the evolving landscape of airport security with Dolores Alemán, a seasoned Research Analyst at Frost & Sullivan. Dolores brings a [...]
Read more
Andy Hilliard

Accelerance CEO Unveils the Future: AI’s Role in Software Development

In this edition of CloudTweaks, we feature an insightful discussion with Andy Hilliard, CEO of Accelerance, a pioneering force in integrating artificial intelligence (AI) into the software development industry. Andy [...]
Read more

Karen Buffo, CMO of MixMode, on the Rise of AI in Safeguarding Digital Assets

Welcome to our Q&A session with Karen Buffo, CMO of MixMode, hosted by CloudTweaks. Today, we’ll explore the profound impact [...]
Read more

Leveraging Artificial Intelligence in Insurance Claims Analytics Software Development

Enhancing Insurance Claims Analysis with AI Technology Nowadays, digital technology affects all aspects of our everyday lives, and the insurance [...]
Read more

Gartner Predicts Solid Growth for Information Security, Reaching $287 Billion by 2027

AI continues to become more weaponized, with nation-state attackers and cybercrime gangs experimenting with LLMs and gen AI-based attack tradecraft. [...]
Read more

SPONSOR PARTNER

Explore top-tier education with exclusive savings on online courses from MIT, Oxford, and Harvard through our e-learning sponsor. Elevate your career with world-class knowledge. Start now!
© 2024 CloudTweaks. All rights reserved.