Disadvantages of the tourism sphere are eliminated by the blockchain technology...
The world tourism sphere is entering a new blockchain era. In a few years, tourism services consumers will spend much less money than now with the help of cryptocurrencies.
The implementation of the blockchain technology will allow to exclude intermediaries from the seller-consumer model.
This was due to the fast development of tourism industry in Europe and the United States (where the popularity of cryptocurrencies is growing rapidly). The tourism and travel sphere is one of the largest industries in the world and it's bringing nearly 9% of world GDP. According to the World Tourism Organization, one in ten employees works or connected with this sphere. In addition to this, a number of the international tourists is expected to grow to approximately 1.8 billion in 2030.
What does the blockchain allows? The Blockchain allows you to simplify and streamline the entire process for all parties. This is a much more reliable and automated online booking system. Nowadays, the market is prone to errors and contradictions due to the large number of bookings which pass through many intermediate systems (reservation platform, hotel reservation systems, hotel booking systems, etc.). It is estimated that 5 to 10% of orders are victims of errors of this type. The Blockchain and smart contracts allow to solve errors inherent in the system autonomously.
What does COIN TOUR allow?
- To facilitate payment process. It allows to automate the process stages and reduce costs with help of smart contracts.
- To improve data security and avoid fraud.
We made sure that blockchain allows to organize, secure and facilitate travels and has serious advantages for modernizing the world of tourism. It remains to try these opportunities to confirm their relevance. Market participants who will be pioneers can win a lot in the future.
Where can i see some informations about your team?The world tourism sphere is entering a new blockchain era. In a few years, tourism services consumers will spend much less money than now with the help of cryptocurrencies.
The implementation of the blockchain technology will allow to exclude intermediaries from the seller-consumer model.
This was due to the fast development of tourism industry in Europe and the United States (where the popularity of cryptocurrencies is growing rapidly). The tourism and travel sphere is one of the largest industries in the world and it's bringing nearly 9% of world GDP. According to the World Tourism Organization, one in ten employees works or connected with this sphere. In addition to this, a number of the international tourists is expected to grow to approximately 1.8 billion in 2030.
What does the blockchain allows? The Blockchain allows you to simplify and streamline the entire process for all parties. This is a much more reliable and automated online booking system. Nowadays, the market is prone to errors and contradictions due to the large number of bookings which pass through many intermediate systems (reservation platform, hotel reservation systems, hotel booking systems, etc.). It is estimated that 5 to 10% of orders are victims of errors of this type. The Blockchain and smart contracts allow to solve errors inherent in the system autonomously.
What does COIN TOUR allow?
- To facilitate payment process. It allows to automate the process stages and reduce costs with help of smart contracts.
- To improve data security and avoid fraud.
We made sure that blockchain allows to organize, secure and facilitate travels and has serious advantages for modernizing the world of tourism. It remains to try these opportunities to confirm their relevance. Market participants who will be pioneers can win a lot in the future.
as we mentioned earlier, there are 5 people, who work under project and we are working on the team expanding. We will announce info about our team as soon as posible
