Blockchain COVID-19 TOURISM

How Blockchain will Help in Reviving the Tourism Industry Post-Pandemic

How Blockchain will Help in Reviving the Tourism Industry Post-Pandemic
banner

Undoubtedly, the pandemic affected most global industries, and, most likely, the tourism industry was hit the most. But one of the greatest hits was taken by the airline sector, having an estimated 44% decrease below 2019’s revenue. Roger Dow, the president and CEO of the US Travel Association, stated that “The impact on travel is about six or seven times bigger than the 9/11 attacks, in the US”.

As we gradually move into the post-pandemic days, the world is hugely searching for solutions that could revive the tourism industry.

Well, for some industries, their advancement didn’t stop. Working remotely became unavoidable, and the employees and employers rapidly adapted to the situation. This beneficial work-from-home movement wouldn’t have been possible without companies like Zoom or Microsoft having accurate technology to help sustain millions of simultaneous video calls, chats, and file transfers.

But, most airlines and other companies actively involved in the traveling field weren’t so lucky as tourism can’t be easily digitalized like other sectors. However, I believe that technology will play a vital role in how people travel in the post-pandemic era.

To be more explicit, blockchain may be the one to revive the entire industry as the most promising companies that could assist us in traveling in a ‘social distancing’ way are evolving from the decentralized space!

Well, written below is a sneak peek of the best unique solutions, and they are:

  • Accenture – Spend little time waiting in lines at airports
  • SpaceTravel – Navigate, search, and book online as you’d do it in person. 
  • Cool Cousin – Discover local guides and explore remote areas. 

How can we travel in a way that we can regain the trust of these governments to enable international travel at the same level as it was before?

1. Digitalize your Entire Travel Planning Process

Currently, Travelling needs lots of planning if you don’t want to be scammed, wasting time in queues, or even being unproductive while trying to follow a foreign map. Although you might be tempted to depend totally on a travel agency to do the entire work, meeting with a travel agent is an unnecessary danger. Additionally, even if you use digital means to communicate, the payment method may probably be the cash, which means that you’ll still have to make physical contact. 

In the era of Google Flights and Booking.com, most travel agencies are becoming neglected. The Internet has already made it more comfortable than ever for you, but is it as comfy as possible? 

Most third parties are enforcing high transactional fees that could quickly sum up (particularly now when the demand moved online)

Google Maps, the de-facto navigation app, possesses a language barrier that makes it unusable to most Chinese and other Asian countries’ citizens.

Indoor maps are scarcely available electronically, which allows identifying some specific locations challenging without being physically possible.

Online reviews bring high credibility interests now that people are aware that fraudulent or biased reviews are used by businesses to boost their sales and popularity.

Making online payments overseas can become a problem when there are no conscientious payment gateways and payment processors between specific regions (i.e., China and European service providers); 

BUBU is the flagship app of SpaceTravel to solve all these issues by merging high-quality geospatial technology, augmented reality, and blockchain and allowing users to travel and navigate comfortably.

SpaceTravel is a project developed under the Singapore-based company SpaceTime Technology Pte Ltd, which is popularly known for its expertise in providing military-grade advanced navigational satellite technology and industry-leading satellite infrastructure worldwide. 

BUBU app is their initial step for designing an ecosystem for tourists worldwide, focusing on Chinese tourists and expatriates. Using its satellite and navigational technology infrastructure, the app can be seen as a modern-age alternative to Google Maps. Also, BUBU intelligently abolishes the language barrier by providing auto-translation, interactive communication features, audio guides, and also ticketing information. 

Additionally, indoor mapping is possible by SpaceTravel by merging military-grade satellite technology with government-supplied map data. You don’t have to put yourself in danger or waste your time trying to locate your destination, BUBU will help you navigate directly and effectively.

In the BUBU app, blockchain is used for recording smart contracts that perform automatically based on specific conditions or events. This way, SpaceTravel can provide its dedicated payment method through the MAC Token in a trustless way. Payment providers like WeChat and Union Pay are still available, but the token-based payment ensures that the in-app wallet is compatible with merchants worldwide. 

Finally, the in-app reviews are always connected to a payment transaction through its blockchain network, so the chain’s immutability guarantees the feedback’s quality. 

2. Consider Visiting More Local Attractions

In a world where social distancing needs to be observed at all costs, the most touristic landmarks such as the Colosseum, the Eiffel Tour, or the Statue of Liberty will become less attractive. Long queues and filling the place to maximum capacity won’t be allowed anymore, so the probability of getting a spot precisely when you are planning your vacation in France or New York City isn’t possible.

For you to have a successful post-pandemic vacation, you might consider making use of Cool Cousin. This travel app virtually connects you with locals for recommendations of places to visit in their area. 

Ignore the “Top 10” lists. If everyone uses the same resources to schedule their trip, those places will rapidly get shut down or become completely inaccessible when trying to enforce safety measures for their visitors. Cool Cousin is created to assist you in making the difference.

More than 500,000 people already used its curated travel experience, which could significantly change you from being a tourist to traveler exploring pristine beaches, calm oasis, and local restaurants. Using this app, you will discover yourself in less crowded places, unrestricted, secured, and enjoying your vacation like it was before.

The company is using a blockchain-based ecosystem to motivate local guides to monetize their local knowledge. They are using the CUZ token, which is strengthening the decentralized economy within the app. There are no mediators along the chain.

The transactions occur directly between local guides and users simultaneously because there is a clear trace of every transaction. The system’s feedback and rating are more dependable and trustworthy.

3. Adopt Digital Identities

You might want to select the faster route to reach your destination at any time you decide to travel. And, in most cases, boarding an airplane can be the fastest and the cheapest solution, anyway, particularly during the post-pandemic times.

There is one place where you’re going to spend your time and perhaps put your life in danger, and it’s beyond your control from waiting at immigration to process your documentation. How can you avoid the stress of queuing in a crowded airport without security losing control or supervision?

Technology and digitalization are the solutions to this issue as well. The proposed solution is to electronically share your travel documents in advance with the immigration authorities to quicken the clearance process. But, the challenge is that digital identity can be forged.

That’s why the digital process should be merged with physical authorization. The traveler can be pre-screened at its hotel then the data to be shared with the customs agents. In this way, the clearance process could be smooth and clear.

The consulting firm Accenture in conjunction with the World Economic Forum (WEF), has already developed a sample that displayed that such a system could be accomplished using biometrics, blockchain, and digital technologies: the Known Traveler Digital Identity System (KTDI). 

In this system, the blockchain is designed to receive and host identifying information from common travelers and develop a data flow between these and custom agents. It develops a trustless ecosystem, but, for travelers, it implies gaining control over their digital identities.

They can now decide who to share their personal information with. The airport processing could be quickened, the security can be enhanced, and fewer health risks could be involved while traveling because of the shorten lines.

Conclusion

These three unique companies have indeed proved that by using blockchain’s natural abilities in merging with other technologies, they can transform the way we will travel in the future. Possibly, a few months ago, accepting and implementing blockchain in our daily software solutions would have sounded like something meant for the upcoming generations. 

With the pandemic currently going on the world, improvement becomes unavoidable and using new solutions to revive the tourism industry will soon become a priority globally. Will you be the first to adopt the recent requirements and enjoy traveling as much as you did before the pandemic started? 

banner

Related posts