Travel and tourism contributes over $11 trillion to global GDP and employs hundreds of millions, yet inefficiencies, fraud and high costs persist. Blockchain offers a path forward with tamper-proof ledgers, smart contracts and digital credentials that can streamline bookings, payments, loyalty and identity verification. Real-world pilots from PwC, TUI, Singapore Airlines and the WEF show blockchain’s power to cut fees, speed processing and build trust. Although adoption hurdles remain (from costs to regulation) by the 2030s, blockchain could underpin travel invisibly whereby delivering seamless, secure and smart journeys that reshape how the industry operates.
The transparent passport: blockchain’s role…
Travel and tourism contributes over $11 trillion to global GDP and employs hundreds of millions, yet inefficiencies, fraud and high costs persist. Blockchain offers a path forward with tamper-proof ledgers, smart contracts and digital credentials that can streamline bookings, payments, loyalty and identity verification. Real-world pilots from PwC, TUI, Singapore Airlines and the WEF show blockchain’s power to cut fees, speed processing and build trust. Although adoption hurdles remain (from costs to regulation) by the 2030s, blockchain could underpin travel invisibly whereby delivering seamless, secure and smart journeys that reshape how the industry operates.