Block-chain technology can brighten up various aspects of the tourism in the country. Discuss (200 Words)
Refer - Business Line
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· Blockchain based travel portals is another example on smart contracts. A blockchain smart contract could send an acknowledgment or token access mechanism to the physical asset or user e-wallet, such as a one-use QR code to open a rental car or hotel room.
· Blockchain travel portals could be used for improving customer loyalty and reward programs. ‘Chain of Points’, a blockchain based token, provides a simple and flexible solution to merchants and customers in the loyalty rewards space.
· Customer reviews is another area of application of blockchain which include inter-alia notorious travel sites aggregate reviews, ratings, photos, contact information, and opinions about tourism service providers.
· ‘Buuyers’, a Paris-based start-up that sets out to offer a customer review management tool based on blockchain technology, increased both transparency and credibility in the opaque world of tourism customer reviews.
· Another major area is the processing of online payments for hotel bookings. Microsoft and Webjet have designed a blockchain proof-of-concept travel booking solution, which greatly facilitates booking data processing
· Supply chain management is another area of application. Blockchain enables the tracking of items through complex supply chains.
· When a person is travelling outside their home country, and treated for an emergency, access to a blockchain ledger could help detect a competent expert.
Manish 3 years
Please Review !
IAS Parliament 3 years
Try to focus more on how blockchain technology is applicable to tourism. Keep Writing.
