Blockchain Update: How and Why Blockchain Can Transform the Travel Industry

Summary

Blockchain, the underlying technology behind cryptocurrencies such as Bitcoin, has moved from an abstract concept to concrete initiatives by both startups and established companies across all industries.  The platform is now being promoted as a solution for identity, security and fraud prevention, with some predicting blockchain will be the foundation for the next generation of the Internet. In boardrooms across the country, C-level executives are evaluating their blockchain strategies. Given this focus, what will blockchain’s impact be on the near term and mid-term infrastructure for the travel industry?