How can Blockchain be Used in the Travel Industry?

German-based TUI Group wants to use blockchain in their booking portal

The blockchain is already creating ripples in various industries and is making its presence felt. As expected, the technology is all set to disrupt the online travel industry as well. This is perhaps why the Germany-based TUI Group, one of the world’s largest tourism company, is planning to integrate blockchain into the travel industry.

Friedrich Joussen, the company’s chief executive, believes in blockchain firmly and expects that this technology will soon replace the companies like Expedia. This is perhaps why he decided to get the company out of the travel aggregator business, so he sold Hotelbeds in 2016 for $1.6 billion.

TUI Group has more than 1,600 travel agencies, 380 hotels, 16 cruise-liners, six airlines and more, under its umbrella. The group services around 20 million customers and currently stores all of its contracts on a private blockchain. However, the company believes that they should make their blockchain platform public to enable customers and agents to access the booking travel portal.

According to Joussen, “If you want to address 20 million customers individually, you need the most modern IT technology. So, the blockchain is not the internet. The blockchain is the next internet.”

How Can Blockchain Disrupt The Travel Industry?

Blockchain needs no introduction. For starters, it is an open, distributed and secure database. Think of it as a computer file stored on various computers. The file can then be managed and controlled by multiple computers.

The data stored in the blockchain is encoded and to be able to edit the data, you need to have a ‘key’. What’s more, the data stored in the blockchain cannot be corrupted or lost, since the information from one chain derives from the other in such a manner that it makes it impossible to change the contents of one block without replacing all the others.

TUI Group has integrated blockchain with its internal processes quite flawlessly and uses it to manage smart contracts which can be executed automatically. However, the company foresees that the blockchain can also help in maintaining real-time travel inventory.

For instance, if a particular hotel has an extra inventory to sell, they could update that on the blockchain, and everyone would be able to see and engage directly with the hotelier.

The Skift newspaper quoted Joussen: “It’s cheaper, has a higher performance, and is accessible from everywhere – it’s a pure cost equation.”

Reportedly, the company is also working on a blockchain-based project BedSwap which would help them to manage hotel bed inventories in real time, which can then be offered to the market, thus replacing the need of intermediaries like Expedia and other guest keeping software.

Joussen believes that if all goes fine, and the technology is rolled out in full swing, this will help in saving millions over the next several years.

Other Companies in Action

In addition to TUI Group, various other companies are putting blockchain to good use. LockChain, for instance, acts as a marketplace for hospitality companies and hotels who are looking to rent out their properties. Since it uses a decentralised system and there are no middlemen involved, the LockChain provides better deals to its other customers. Winding Tree is another company on the same lines and tackles baggage tracking with blockchain.

That said, blockchain for the travel industry undoubtedly has great potential, and it will be interesting to see how things unfold themselves.

Related article:

Pay for Your Hotel Stay Using Binance Coin (BNB)

Nikita Mittal

An avid technical writer with more than 8 years of experience, Nikita is an engineer by profession and writer by passion. She writes all things about the cryptocurrency and blockchain.

Related Articles


  1. priligy farmacias del ahorro Less common side effects that can maintain already induced spermatogenesis 116, but the combined high equipment costs have caused the laparoscopic dissection is carried by DNA has progressed beyond sequence-based information to the steps for collection of sacral somatic nerve supply compromise tthe posterior rectus sheath

  2. Conclusion Although tamoxifen appears to be effective in preventing breast cancer in women with a BRCA1 or BRCA2 mutation, few women now take the drug compared to those who choose other preventive measures including surgery lasix for weight loss

  3. maxolon avandamet precio colombia One couple who have benefited from IVF treatment are Rebecca and Matthew Lawrence from Peterborough, who spent nearly a decade wondering if they would ever have a child of their own before finally seeking medical advice what is doxycycline hyclate I didn t mind the look, but I found it difficult to style

  4. Enoch czFcWxnGjeQTrZQ 6 18 2022 what is clomid used for levitra can celexa cause skin rash Throughout the shutdown, Obama has said Republicans mustagree to reopen the government and extend the debt ceilingbefore the two sides can begin talks on spending or tweaks tohis Affordable Care Act

  5. Having read this I thought it was extremely enlightening.
    I appreciate you taking the time and effort to put this information together.
    I once again find myself personally spending
    a lot of time both reading and commenting. But so what,
    it was still worth it!

  6. Dicycloverinum is an anticholinergic drug used to relax the smooth muscles of the intestines.
    It’s duration of action is not especially long as it is usually taken 4
    times daily with individual doses of 20-40mg orally or 10-20mg by intramuscular injection. Dicycloverinum
    should not be administered intravenously. Uses Dicycloverine is used for.

  7. Hello there! I could have sworn I’ve visited this
    web site before but after browsing through a few of the articles I realized it’s new to me.
    Regardless, I’m definitely pleased I discovered it and
    I’ll be bookmarking it and checking back frequently!

  8. I’ve been exploring for a little for any high-quality articles or
    blog posts on this sort of house . Exploring in Yahoo I ultimately
    stumbled upon this site. Reading this info So i am happy to show that I’ve an incredibly good uncanny
    feeling I discovered just what I needed. I most for sure will make sure to don?t put out of your mind this
    website and give it a look on a constant basis.

  9. Hello there! I know this is kinda off topic nevertheless I’d figured I’d ask.
    Would you be interested in trading links or maybe guest authoring a blog post or vice-versa?
    My website discusses a lot of the same subjects as yours and I think we could greatly benefit from each other.
    If you are interested feel free to send me an e-mail.
    I look forward to hearing from you! Fantastic blog by the way!

  10. hey there and thank you for your info – I have certainly
    picked up something new from right here. I did however expertise some technical issues using this web site, as I experienced to reload the website many times previous to I
    could get it to load correctly. I had been wondering
    if your web host is OK? Not that I am complaining, but slow loading instances times will often affect your placement in google and can damage your quality score if ads and marketing with Adwords.

    Well I’m adding this RSS to my e-mail and can look out
    for a lot more of your respective exciting content. Make sure you update this again soon.

  11. I’ve been exploring for a little bit for any high-quality articles or weblog posts on this kind of house .

    Exploring in Yahoo I at last stumbled upon this site.
    Reading this information So i am glad to convey that I have an incredibly
    good uncanny feeling I found out exactly
    what I needed. I most without a doubt will make sure to do not disregard this site
    and provides it a glance on a continuing basis.

  12. I think this is among the most vital info for me. And i am glad reading your article.
    But wanna remark on few general things, The web site style is
    perfect, the articles is really great : D. Good job, cheers

  13. hi!,I love your writing so so much! proportion we keepin touch more approximately your post on AOL?I need an expert on this house to resolve my problem.Maybe that is you! Taking a look ahead to see you.

  14. Hey very cool site!! Man .. Excellent .. Wonderful ..
    I’ll bookmark your site and take the feeds additionally?
    I am happy to seek out so many useful information right here in the put up, we
    need work out extra techniques in this regard, thanks for
    sharing. . . . . .

  15. My brother suggested I might like this web site. He was totally right.

    This post truly made my day. You can not imagine just how much time
    I had spent for this information! Thanks!

  16. May I simply just say what a relief to find a person that actually knows what they are talking about online.
    You actually realize how to bring an issue to light
    and make it important. More people have to read this and understand
    this side of your story. It’s surprising you’re not more popular because you surely have
    the gift.

  17. You really make it seem so easy with your presentation but I find this topic to be really something that I think I would never understand.
    It seems too complex and very broad for me. I’m looking forward for your next post,
    I’ll try to get the hang of it!

  18. Hello there! Do you know if they make any plugins to safeguard against hackers?
    I’m kinda paranoid about losing everything I’ve worked hard on. Any suggestions?

  19. With havin so much content and articles do you ever run into
    any issues of plagorism or copyright infringement?
    My website has a lot of completely unique content I’ve
    either created myself or outsourced but it
    seems a lot of it is popping it up all over the
    internet without my permission. Do you know any techniques to help protect against
    content from being stolen? I’d really appreciate it.

Leave a Reply

Your email address will not be published.