the photo is from: https://kknews.cc/tech/eaxy9r.html
A news, named Travel tech entrepreneur launches block chain system for non-airline services, introduces a better payment system which can run without the fund management of the third-party. Travel Ledger, a travel website (non-airline travel services), is setting the payment and billing platform based on block chain, which is an easier and faster system compared current complicated settlement process. In this block chain system, all the billing and logging is saved by Travel Ledger and at the same time, the transactions and inventory can be accessed and tracked in time by travel agency, hotel, car rental company, and other suppliers. During all this process, an intelligent contract system will control the information between existing orders and background systems.
Graeme Hunter, the managing director of Tourism Technology, also expresses that the new block chain based system will bring long-term efficiency to all parties from an automation point of view. Since foresight such significance, the Travel Ledger Alliance will promote the block chain system to companies worldwide by establishing a team of consultants, operations, development and BD.
the photo is from: http://www.3xmq.com/article/1516112002689
As a developing trend, the block chain is becoming vital to business. Of course, such business includes tourism. All in all, the Travel Ledger case is a represent that the block chain is in a spreading stage which will finally influence the whole tourism.
As a hot topic, the advantages of the block chain is obvious. Firstly, it is a win-win solution by cutting the double spending. For the customers, it is a save of expenditure. And for the service provider, it is also a reduction of costs and a return of power, which is significant to small economies. Secondly, it will regulate everyone’s behavior by providing an indestructible but traceability digital ‘identity’ for individuals. All service providers and talents will focus on service quality and at the same time, customers will give their honest comments.
However, attention should be attached during the developing of block chain. For example, the security of data and privacy should be addressed. And the CRM technology should be highly noted as the experience of customer will be important as mentioned above.
Key words: Block Chain, Travel Ledger, Payment Method, The Third-party
Original source: Mitra Sorrells. ( February 12, 2018). Travel tech entrepreneur launches blockchain system for non-airline services, Retrieved March 10, 2018, from https://www.phocuswire.com/Travel-ledger-blockchain-billing
Posted by Yan HOU & Jing SHI
Posted by Yan HOU & Jing SHI
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