How to improve the tourism industry with blockchain technology

    Ever wonder how being a tourist affects economic, social, and environmental problems? In this post, we'll learn how to combat the tourism industry using blockchain technology. First, we must acknowledge that the tourism industry is imperative to our world economy. Most travelers consume more foreign resources such as water and food than they would at home, which causes a more significant amount of trash in other countries. 
    So what is this blockchain technology? It is a sort of information technology that can be used to address these problems and promote sustainable tourism around the world. Each block in the chain is a network participant's confirmation that a transaction occurred and was unaltered. Additionally, each block contains data from the one before, creating a timely series of blocks(Nakamoto,2008).

Figure 1. The proposed framework(Erol et al.,2022)

    In order to apply blockchain technology, three main objectives have to be followed. First, a literature review and expert perspectives to identify the difficulties that it faces. After that, utilizing the preliminary Interpretive Structural Modeling-Cross-Impact Matrix Multiplication that has been suggested on expert opinions. To finalize, the connecting issues to the diffusion of innovation theory.                                                                                              In the findings, a "lack of technical maturity" and lack of interoperability" are the two biggest obstacles facing blockchain in the travel and tourism sector. The four-phase methodology (Figure 1) was used to find the obstacles encountered. The study's findings support both macro and micro-level decision-making in the potential blockchain applications for the tourism sector. 

Work Cited

Erol, I., Neuhofer, I. O., Dogru (Dr. True), T., Oztel, A., Searcy, C., & Yorulmaz, A. C. (2022). Improving sustainability in the tourism industry through blockchain technology: Challenges and opportunities. Tourism Management, 93, 104628. https://doi.org/10.1016/j.tourman.2022.104628


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