Blockchain in Hospitality and Tourism: A Game-Changer for Asian Markets
Tung Thanh Nguyen, Thong Tri Truong, Ly Thi Da Nguyen · International Journal of Research Publication and Reviews · 2023
Blockchain technology has gained significant attention in various industries, including the tourism and hospitality sector.This research article explores the current and potential use of blockchain in the hotel and tourism industry in Asian countries, highlighting its benefits and challenges.The study examines the advantages of blockchain technology, such as decentralization, auditability, persistency, and its various applications, including cryptocurrency, Internet of Things (IoT), financial services, and public services.The article also discusses the potential impact of blockchain technology on the Asian hospitality industry and its potential to revolutionize the way the industry operates.Finally, the study presents recommendations and future directions for the adoption and implementation of blockchain technology in the Asian tourism and hospitality sector.