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Blockchain technology has some clear implications for the way it can completely change an industry. It’s already pretty known what impact blockchain is having on the financial world but we don’t really look at how this technology impacts other industries.
2020 could let us see a complete revolution in tech, with more people are becoming aware of the beauty and the power of blockchain.
Based in Germany, TUI Group is one of the biggest travel firms in the world. At the end of 2018, TUI revealed a new revolution within their own business development. This was a revolution set on seeing blockchain become a major part of their business model.
TUI Group has already begun adopting blockchain within their business operations, thanks to Joussen’s words. One such project rolled out by TUI has been named BedSwap, and uses blockchain technology to record hotel inventories, live, allowing the company and its partners to manage hotel room availability more effectively.
TUI are cementing their own role within a more technologically advanced future and moreover, are allowing themselves to get ten big steps ahead of their direct competition. What this means is that should TUI develop an advanced blockchain solution for the travel industry, it’s rivals and competitors will want to do the same too, fostering some healthy competition within the industry, helping the blockchain to continue to grow and change yet another industry.
It will be interesting to see how this situation plays out. Nothing much has been said on TUI in 2019 so hopefully, we will hear more from them in 2020.
Article produced by Adrian Barkley
https://cryptodaily.co.uk/2019/12/transforming-flights-and-airlines-with-blockchain
