How blockchain technology is transforming the entertainment and travel sector

Initially, blockchain technology was created to support cryptocurrencies, but it has quickly diversified to several other industries beyond finance. Its decentralised, safe and transparent structure offers new solutions to industries that are struggling by lack of efficiency, data handling and suspicion.

Size of the global hospitality and entertainment sector globally

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The travel and tourism industry is estimated to be 10% of global GDP, supporting over 370million jobs. Entertainment and travel are expanding interest in blockchain technology to ease operations, lessen the use of intermediaries and increase user experience. Moreover, the use of blockchain technology is becoming more popular in the entertainment industry to improve transparency, security and efficiency, with some of the major applications and innovations outlined below:

· digital rights management - the entertainment sector has long struggled with the challenge of intellectual property (IP) rights - from piracy to …