How Blockchain Technology will Dominate the Travel Industry
Despite being one of the vast markets, the travel and tourism industry is being dominated by monopolies. It’s quite evident in the sphere for travel booking services. Major companies like Expedia, Booking.com, and Airbnb have become the most sought-after places for finding accommodation, but they all have fees and different charges while the vendor charges a customer for payment processing.
The blockchain technology, smart contracts, and distributed ledgers contain the potential to drastically change the way the travel and tourism industry works for both vendors and customers.