Sara Technologies

Hospitality Blockchain Consulting

Blockchain empowers the hospitality industry and tourism world without mediators that need not build trust among people and processes transactions securely within a fraction of seconds.

Hospitality Blockchain Solutions | Development - Consulting Services

Blockchain is the underlying technology on which cryptocurrencies are built; this innovative technology today has moved much ahead of just bitcoins and is revolutionizing how industries and enterprises are storing data. The decentralized, encrypted database makes sure all the information saved on the database is free from data breaches and also makes direct transactions possible between users and service providers by eliminating third-party service providers.

The hospitality industry relies on information and data that is processed across borders; at the moment, servers are doing this under a centralized authority. By moving to blockchain technology, users can directly interact with the service provider, thus eliminating the huge commissions charged by the middlemen, mainly the OTA's, and also speeding up the process of payments. Integrating blockchain technology would make travel simple, secure, and transparent for travelers as well as hospitality service providers.

Use Cases of Tourism Blockchain Development

Traveler Identification

Travelers need to show their identification cards at numerous places when they travel, be it the airport, train, or the hotel you are staying in. Each point requires you to verify your identification. By implementing blockchain technology, we can create a decentralized system for traveler identification, thus simplifying the process and saving you valuable time.

Elimination of the Middlemen

When people travel, they make bookings from travel agents that try to sell you the specific services which could help them create more profits. Having a decentralized platform for hotel or flight booking, you have a long list of options to choose from and the power to book directly with the service provider.

Baggage Tracking

While traveling, the baggage changes hands from airport to flights, ground handlers, and hotels. A decentralized baggage tracking system makes it possible to identify the bag owner and facilitates baggage movement across flights, hotels, and countries without any worry of losing them.

Reduced Travel Costs

Most travel agents and middlemen, such as prominent online travel agents, charge commissions on the travelers and service providers. Blockchain makes it possible to maintain trust among the peers and make transactions directly from user to service providers, reducing the commissions to almost zero, making travel cheaper and more accessible for all.

Loyalty & Rewards

Hotel chains today offer loyalty benefits to their returning customers. By using blockchain technology, you can create a decentralized platform where customer rewards can be made available easily so that you can redeem your benefits at any hotel.

Benefits of Blockchain Hospitality Solutions

Security

Information on a blockchain is decentralized and cannot be altered or deleted without the consent of all the participants. So all your details stored on a blockchain cannot be manipulated from any centralized system, thus providing the highest level of security for all your travel-related data and information.

Faster Transactions

Hospitality and travel require cross-border transactions to be made, which take a few days to get settled from the intermediator bank and financial institutions. By integrating blockchain, you can eliminate the intermediaries and implement Smart Contracts, which process the transaction only when the conditions are fulfilled. It facilitates the transactions in real-time between the user and the service provider.

Transparency

Blockchain provides a transparent network of information, where all the details are available to the users. Transparency helps build trust among the consumers, thus creating more and more repeat clients for hospitality service providers and increasing their overall revenue.