Andaman Token: A Feasibility Study of Blockchain Adoption in the Tourism Industry
Warodom Werapun, Nattawat Songsom, Tanakan Khongfai, Ayuth Intrapradit, Jakapan Suaboot · 2023
This paper investigates investment costs and challenges of implementing digital money in the tourism industry. Electronic cash offers financial transparency and transaction efficiency by eliminating the reliance on physical cash via a voucher system. Also, it enables travelers to make instant payments for bookings, accommodations, and services through digital platforms, thus simplifying cross-border transactions. However, recent difficulties encountered by Russian tourists in Thailand highlight the negative impact of restricted financial transactions on tourism revenue, underscoring the need for further examination and solutions. Embracing digital money enhances customer experiences, streamlines financial operations, and paves the way for a connected and cashless future of travel. Additionally, this research explores the properties and considerations surrounding the implementation of the Andaman token in blockchain-based platforms, including technical-operational costs and user understanding. It contributes to a deeper understanding of utilizing vouchers in different contexts and evaluating the potential of blockchain solutions for the tourism industry.