"Blockchain is the future of the travel industry" Dec 2017 ZMA ...moving into this space of $556Billion USD spent annually to be a player and active participant in the convergence and rollout of blockchain and blockchain technologies from A to Z into the travel sector as a back end solution provider
and migrating to being a technology provider thru their newly created subsidiary
under development and to be released as per recent NR's ...soon.
And the sector potential looks by and large still up for grabs despite a few early movers
and ripe for the picking to the early movers moving into the space who will partner with the bellweathers as they get aquired cuz for the bellweatherse it will be cheaper to partner and collaborate with a smaller tech provider or aquire them outright then the time and money and nimbleness and culture necessary to develop it on their own from scratch...much cheaper to aquire the new kid on the block carving out their space.
Case in point...this early mover.
https://hype.codes/blockchain-future-travel-industry
Blockchain is the future of travel industry
From this article you will learn how TravelChain can revolutionize travel industry market using technology of blockchain
December 15th 2017
In 2016 travelers spent more money on their excursions than on anything else. Notably, 69% of these leisure travelers expressed concern that they were missing out on the best offers and the lowest prices. Over a quarter of travelers tend to choose their destination between three to five months in advance, and some even book arrangements six months ahead of time. Without targeted data, marketers are simply not able to predict accurate buying behavior that far in advance. TravelChain has a blockchain-based solution for that.
What is TravelChain?
TravelChain is a decentralized data exchange for the travel industry and an open source blockchain managed by market players. TravelChain’s open-public blockchain aggregates data from across the spectrum, creating a far-reaching “smart travel” ecosystem that brings new market players into the fold. This gives businesses, big and small, the tools they need to connect with their customers. This open access to data is the springboard for future technologies that within the three-to-five-year timeframe, will revolutionize how people travel. The idea of the project is democratization of big data named “smart travel.”
TravelChain Advantages
- Personal data monetization. For each permission to use the data, the user gets tokens, which he can exchange for money or a tourist service
- Making traveling easy. Services already have info about the countries the user have visited, what cuisine he likes, what kind of sport he is into, and will be able to design a personal tour
- Accessibility for businesses. Savings on advertising and access to clients at an early decision-making stage are available, so companies can start making personal offers in a few clicks. Moreover, the artificial intelligence will tell you about the user’s wishes before he himself realizes them
- Increase of profit. Companies will be able to sell their services directly to customers without paying high commissions to intermediaries.
- Getting recommendations from opinion leaders. Services will be able to analyze potential customers and identify people with high media status with a lots of followers.
- Accessibility for developers. Developers can also sell processed information to companies and advertising platforms.
- TravelTokens. When a user shares a certain piece of information, they are awarded TravelTokens, which can be redeemed for crypto-currency or tourist services within the TravelChain network
Benefits of TravelTokens:
- Price of tokens goes up along with data growth
- Higher data growth means greater business and developer interest
- More activity on the network means more tokens in business accounts