[Traveltrend] Future of Shared Holiday with Hendrik Tanjaya Tan

Travelcast

The blockchain technology is slowly and steadily carving out a prominent space for itself across different industries. Ideally, blockchain can be recognized as a decentralized, invulnerable ledger system that keeps track of economic transactions that can be implemented to record anything that holds value, other than just financial transactions. What was initiated as the foundation of the cryptocurrencies like Ethereum and Bitcoin, the advantages that blockchain brings to the table has been successfully integrated with the hotel and hospitality industry. I was pleased to receive Hendrik Tanjaya Tan, Co-Founder & CTO at REIDAO. In this episode, we spoke on: Future of Shared Holiday and the impact of #blockchain in Shared holiday homes. Using blockchain technology in the hospitality industry presents several advantages, with the most evident one being the aspect of security and stability. For example, all the information becomes decentralised and easily regulated, and the database would be online at all times and reduces the risks in case of cyber threats, all of which are significant when it comes to maintaining financial transactions through digital platforms. Additionally, the blockchain can be beneficial for accessing and storing information, and prompting better collaboration within the operations and ultimately enhancing the overall travel experience for tourists and consumers. Presented below are some of the ways blockchain proves advantageous for the hotel industry. Links: On Linkedin - https://www.linkedin.com/in/htant/ - https://www.linkedin.com/company/reidao/ Website http://www.reidao.io