Travel and Tourism
Drawn to the potential of this technology, read on to how travel players are exploring the role of Blockchain in key travel and tourism areas.
Blockchain can enable hotels to have a clearer view on supplies right from the farm or factory till it reaches the end-customer in a room. Further, a private blockchain can connect exporters/importers, packers and others in the supply chain.
The digital ledger can be shared by airlines, Maintenance, Repair and Overhaul (MRO) teams and Original Equipment Manufacturers (OEMs) to store the details of flight operations, conditions, and scheduled aircraft maintenance checks. Also, it can help forecast when repairs should be made. Then, payments for parts or services will not be subject to delays.
Not only this, blockchain can also help estimate the average stopover and based on the average traffic handled by the Air Traffic Control Center, the average take-off time can be calculated, thus providing all players correct runway details and information.
Poor visibility on the inventory often leads to overbooking, cancellations, and refunds. In a blockchain network, each confirmed booking of any type (ticket counter, online, or agent) will be added as a transaction block. All participants will then have a unified view of the remaining inventory. It can also help airlines and hotels monitor the fill rate.
Biometric information, once stored, authenticated and encoded in a distributed blockchain ledger, can be used to validate customers’ identities without requiring them to repeatedly share their personal or financial information. It will also enable travel players to provide personalized offerings to their customers.
How Oodles Technologies Helps You?
Oodles Technologies can stand firmly at the forefront when it’s about Blockchain Development Services. We have extensive expertise in developing top-tier private blockchains that can efficiently streamline the workflow of a business. Also, we can provide a highly secure private blockchain infrastructure of distributed peers that helps companies in validating transactions through secure contracts.