“How the blockchain technologies may impact the business models for tourism and events in the next decade”.
Nowadays modern technology allows people to communicate instantly with the use of voice and video calls, emails and messages that travel from one device to another. Communication is usually done by maintaining trust in one another without the presence of a third party, no matter how far they could be. But when a communication between two points requires a transaction, then the procedures require a third party's trust to build trust such as a law firm or a bank. The result is high costs, fraud and inefficiency. Blockchain technology tries to change this regime by using mathematics and cryptography. Blockchain provides an open and decentralized database for every transaction that contains value such as money, goods, real estate, work or even notes and creates a record for each transaction. These transactions can be checked by the entire community. The blockchain provides secure, direct transactions without the need for third parties.
Probably the future global economy will move on to this technology by which any person with access to the internet will have access to blockchain transactions. Third party organizations may no longer be necessary for the validity of a transaction.
Speaking about tourism and events sector we can notice even …show more content…
Maybe in the next 10 years, we may see face and body recognition technologies implemented in the ticketing and attendance tracking systems. The major events will start using blockchain technologies that would allow attendees to show up at the events, walk through a biometric scanner, people will be greeted by name, a badge will be printed and a customized list of sessions or exhibitors will be sent to their mobile device, where they can view all the necessarily
Nowadays modern technology allows people to communicate instantly with the use of voice and video calls, emails and messages that travel from one device to another. Communication is usually done by maintaining trust in one another without the presence of a third party, no matter how far they could be. But when a communication between two points requires a transaction, then the procedures require a third party's trust to build trust such as a law firm or a bank. The result is high costs, fraud and inefficiency. Blockchain technology tries to change this regime by using mathematics and cryptography. Blockchain provides an open and decentralized database for every transaction that contains value such as money, goods, real estate, work or even notes and creates a record for each transaction. These transactions can be checked by the entire community. The blockchain provides secure, direct transactions without the need for third parties.
Probably the future global economy will move on to this technology by which any person with access to the internet will have access to blockchain transactions. Third party organizations may no longer be necessary for the validity of a transaction.
Speaking about tourism and events sector we can notice even …show more content…
Maybe in the next 10 years, we may see face and body recognition technologies implemented in the ticketing and attendance tracking systems. The major events will start using blockchain technologies that would allow attendees to show up at the events, walk through a biometric scanner, people will be greeted by name, a badge will be printed and a customized list of sessions or exhibitors will be sent to their mobile device, where they can view all the necessarily