Within the hospitality industry, distributed ledger blockchain technology offers the potential to drive down costs both for customer acquisition and property management, as well as doing away with costly intermediaries, improving online security, bringing down transaction costs and improving information flow.

At the Hotel Distribution Event many delegates were sceptical or confused about the rise of blockchain, but it was pointed out that twenty years ago many dismissed the early attempts by IT experts to try to sell hotel rooms online and crowdsource reviews for sharing.

Tagged with →