Skip to main content

Block Chain Technology: The Future of Tourism

  • Chapter
  • First Online:
Recent Advances in Intelligent Systems and Smart Applications

Part of the book series: Studies in Systems, Decision and Control ((SSDC,volume 295))

Abstract

Digitalization in every field has created a remarkable development in one way or another. The changes due to digitalization is evident across the industries and one such recent technological development happened across the world is that of “Blockchain”; which have generated a significant excitement across the industries. Most of the industries have adopted the blockchain technology for its ease of use. Tourism industry is considered to be one of the promising industries which doesn’t have a retirement. The impact of digitalization has reflected in tourism sector too; but the question is; “Whether the tourism industry copes up with the emerging technologies?”. Sadly, the answer is a big NO. Gradually, the tourism industry is planning to introduce Blockchain Technology into its operations to create a revolution. The introduction of Blockchain Technology into Crypto Currencies reaped huge success in the past. The same level or a little higher level of success is expected from this technology; but, the aversion and dilemma towards the new technologies makes the tourism sector to wait for its adoption. The future milestones of the tourism industry will definitely witness Blockchain technology. The tourism industry gets benefitted from Block chain technology through many ways, including secure payment, identification of the customers, management of the baggage, customer rewards management and the ratings of business. This paper aims to study the development of blockchain technology in the tourism sector, its applications and its challenges, and its future perspectives on the tourism industry.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Pilkington, M., Crudu, R.: Blockchain & Bitcoin as a Way to Lift a Country out of Poverty Tourism 2.0 and E-Governance in the Republic of Moldova (2017)

    Google Scholar 

  2. WTTC: WTTC, December 2018 (Online). Available: http://www.wttc.org/-/media/files/reports/economic-impact-research/cities-2018/city-travel-tourism-impact-2018final.pdf. Accessed 5 Oct 2019

  3. Firica, O.: Blockchain technology: promises & realities of the year 2017. Qual Access Success 51–58 (2017)

    Google Scholar 

  4. Glaser: A taxonomy of decentralized consensus systems. In: European Conference on Information Systems (2017)

    Google Scholar 

  5. Wörner, D., Von Bomhard, T., Schreier, Y.-P., Bilgeri, D.: The bitcoin ecosystem: disruption beyond financial Services? In: ECIS Proceedings (2016)

    Google Scholar 

  6. Gipp, B., Meuschke, N., Gernandt, A.: Decentralized trusted timestamping using the crypto currency bitcoin. In: I Conference (2015)

    Google Scholar 

  7. Xu, J.J.: Are blockchains immune to all malicious attacks? Financ. Innov. 2(25) (2016)

    Google Scholar 

  8. Beck, R., Stenum, C.J., Lollike, N., Malone, S.: Blockchain—the gateway to trust free cryptographic transactions. In: Twenty-Fourth European Conference on Information Systems (2016)

    Google Scholar 

  9. Notheisen, B., Cholewa, J., Shanmugam, A.P.: Trading real-world assets on blockchain. Bus. Inf. Syst. Eng. 425–440 (2017)

    Google Scholar 

  10. Keller, Marketing: Management. Pearson Education, Singapore (2006)

    Google Scholar 

  11. Stipanovic, C., Rudan, E.: Tourism product club in generating the value chain. Pol. J. Manag. Stud. 14(2) (2016)

    Google Scholar 

  12. Durrant, A., Gloembewski, M., Kirk, D., Benford, S., Fischer, J., Rowland, D., McAuley, D.: Automics: souvenir generating photoware for theme parks. In: Annual Conference on Human Factors in Computing Systems (2011)

    Google Scholar 

  13. Watanabe, A.: Inside World’s First Augmented Reality Hotel. Aust. J. (2012)

    Google Scholar 

  14. Forbes: NASDAQ, 2018 (Online). Available: www.forbes.com. Accessed 2 Nov 2019

  15. TnooZ: Travelport aims to raise up to $480 M with its IPO in US. TnooZ, US (2018)

    Google Scholar 

  16. Economist, T.: The worlds largest online travel company. The Economist (2018)

    Google Scholar 

  17. Winding Tree: Winding Tree, 2018 (Online). Available: www.windingtree.com. Accessed 26 Oct 2019)

  18. Benyon, D., Quigley, A., O’Keefe, B., Riva, G.: Presence and digital tourism. AI & Soc, pp. 521–529 (2014)

    Google Scholar 

  19. Schumacher, M.: Trust in tourism via blockchain technology: results from a systematic. In: Information and Communication Technologies in Tourism 2019: Proceedings of the International Conference in Nicosia, Cyprus (2019)

    Google Scholar 

  20. Ali, A., Frew, A.J.: Information and Communication Technologies for Sustainable Tourism. Routledge, Abingdon (2013)

    Google Scholar 

  21. Yoo, K.H., Gretzel, U.: Comparison of deceptive and truthful travel reviews. In: Information and Communication Technologies in Tourism, pp. 37–47. Springer, Berlin (2009)

    Google Scholar 

  22. Önder. I., Treiblmaier, H.: Blockchain and tourism: three research propositions. Ann. Tour. Res. 180–182 (2018)

    Google Scholar 

  23. Kowalewski, D., McLaughlin, J., Hill, A.: Blockchain will transform customer loyalty programs. Harv. Bus. Rev. (2017)

    Google Scholar 

  24. Winding Tree: Winding Tree (Online). Available: www.windingtree.com

  25. Trippki: Trippki (Online). Available: www.trippki.com

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Aashiek Cheriyan .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2021 Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Cheriyan, A., Tamilarasi, S. (2021). Block Chain Technology: The Future of Tourism. In: Al-Emran, M., Shaalan, K., Hassanien, A. (eds) Recent Advances in Intelligent Systems and Smart Applications. Studies in Systems, Decision and Control, vol 295. Springer, Cham. https://doi.org/10.1007/978-3-030-47411-9_26

Download citation

Publish with us

Policies and ethics