- September 23, 2021
- Posted by: admin
- Category: Blog, Media
The business world is changing due to technology, presenting the opportunity to simplify life and trade more transparently, securely, and freely. One of those innovations is blockchain, a network that enables the trade of tangible and intangible assets like intellectual property, exchange, and even a house, eliminating intermediaries like companies or banks.
Blockchain technology is usually associated with cryptocurrencies, a market expecting to reach $5,190 million by 2026, which means an annual growth rate (CAGR) of 30% between 2019 and 2026.
However, there is much more to explore and learn about the benefits and applications of blockchain technology. Have you ever heard about crypto rewards for your trips?
The next-generation business
Companies like BBVA, Visa, Walmart, or Ford already use blockchain technology. Ford uses it to track raw materials like cobalt from the suppliers, making sure they are getting an authentic product; Walmart tracks all of its transactions in the supply chain, and Visa and BBVA for banking operations and payment services.
Because of its characteristics, blockchain technology offers diverse advantages, including innovation, decentralization, security, and privacy reduced transaction costs, and establishing a trustworthy network to interchange information, goods, and services.
One example of how blockchain technology has changed commerce is smart contracts, allowing transactions to be carried out transparent and without losing track of information. For instance, these contracts can be used in the healthcare system to store the encoded health records of patients with a private key, to make our voting systems less susceptible to manipulation, or even ensure that creators are correctly paid for their work, no matter how many times it is resold or reused.
Once the information is uploaded to the blockchain network, any modification will be registered, ensuring all records are secure and transparent.
Blockchain technology in the travel industry
Queuing for hours at airports could be a thing of the past soon. How?. Blockchain technology can reduce waiting times, collecting and hosting identifying information from frequent international travelers, allowing travelers and customs agents to make the security verification process more reliable and secure.
Likewise, you can forget about intermediaries when booking a trip. With blockchain technology, travelers can connect directly with service providers such as airlines, hotels, tour guides, and others that help you transfer payments, track your baggage, and secure insurance. And you could even be earning a cryptocurrency reward with every trip.
Preparing for a trip will be within everyone’s reach with new platforms that allow you to choose your destination, lodging, select tours, make payments, and everything else you may need, all from your mobile phone.
Crypto and cash rewards
Discounts, association member benefits, memberships perks, and rewards programs represent eye-catching strategies to engage customers. This is why companies, regardless of their field, create different rewards programs. Banks have been using credit and debit cards incentives to promote their franchises, and the same is now happening in Cryptocurrency commerce as well.
Imagine you go to a platform, and for every booking you make, you receive a reward in a specific cryptocurrency. Basically, you get digital money for something you wanted to do anyway, and you can then use it to pay for other trips or even invest in a completely different product. It’s basically taking travel and turning it into an investment.
This is the purpose of a platform like Tripcandy, marrying traveling experience and blockchain technology through one system that makes bookings lucrative and allows their users to be in direct contact with the suppliers.
We turn every trip into an investment. Learn more here.