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Travel industry eyes blockchain potential for fees, delays, lost bags

Updated : April 10, 2018 03:49 PM IST

Blockchain, which functions as an online record-keeping system maintained by a group of peers rather than a central agency or authority, also offers new business opportunities in tracking bags and flight delays.
Blockchain offers an opportunity to build new platforms that can connect travel providers and customers more directly and replace decades-old technology.
The travel industry joins financial, mining, energy trading firms and others in looking at the potential for blockchain technology when it comes to simplifying processes, cutting out middlemen or tracking goods.
Travel industry eyes blockchain potential for fees, delays, lost bags
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