BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

How Can Web3 Revolutionize The Travel Industry?

Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers’ traveling experiences for good.



The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion market size .



Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.



Facundo Diaz also claims NFTickets can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer transaction. This innovation will enable travelers to manage their tickets as they deem fit.



He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract , airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions.



See Related: Zilliqa Prepares To Launch Web3 Gaming Console
The post How Can Web3 Revolutionize The Travel Industry? appeared first on The Distributed .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ How Can Web3 Revolutionize The Travel Industry?


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



SneakPeek Script
Setup, Upload and Go!