Transforming travel and tourism: exploring the intersection with Web3

Written by Dr Jane Thomason

Web3, the future of the internet, integrates decentralized finance, non-fungible tokens, decentralized governance, cloud services and self-sovereign identity. It can also offer decentralised booking platforms, smart contracts, payment systems, social media, tourist information platforms and tokenisation of tourism assets. This paper explores the implications for both the demand and supply sides of tourism and the role of community-owned economies and social tokens in shaping the future landscape. It discusses specific applications of Web3 in hospitality and tourism management, providing use case examples and insights into their potential impacts on the industry. By examining the potential benefits for both tourists and tourism destinations and the transformative possibilities for hospitality management, this post provides insights into the future of travel and tourism in the Web3 era.

Web3 applications in hospitality and tourism management

In relation to booking, information and loyalty…