Blockchain technology: A solution to address the challenges faced by the international travellers

Dubey, Suchi, Subramanian, Ganesan, Shukla, Vinod, Dwivedi, Ashish, Puri, Kartik and Kamath, Sanchita Sandip (2022) Blockchain technology: A solution to address the challenges faced by the international travellers. OPSEARCH, 59 (4). pp. 1471-1488. ISSN 0975-0320

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Abstract

Blockchain technology is emerging in many applications like healthcare, supply chain and other sectors. The present study fixates on developing a blockchain platform to bring transparency to international travellers as a distributed ledger. The current system trusts the third party to reserve for travellers, including airline booking, hotel stay, rented dormitory, car rental, and currency exchange. The existing system utilizes different mobile applications to do all the accommodations. The third-party who does this accommodation for tourists amass the accommodation charge. In a few cases, we cannot verify the tourist operator license. A hybrid blockchain for the tourism industry is introduced to engender trust, transparency, and immutable records. This maintains the travellers' privacy and solves many challenges the subsisting tourism industry faces. This research utilizes the New Economy Movement (NEM) symbol blockchain to enhance the traveller's experience and engender trust in the tourism industry. NEM symbol blockchain has unique features like NEM namespace, mosaic, currency swap, transfer transaction, and proof of stake+ consensuses protocols utilized in this proof of concept (PoC) design. NEM blockchain address is created for each traveller to track all the information as a distributed ledger and to build trust among all the stakeholders.

Item Type: Article
Keywords: Blockchain | Cryptocurrency | Namespace | Proof of stake+ | Tourism
Subjects: Social Sciences and humanities > Business, Management and Accounting > Management of Technology and Innovation
JGU School/Centre: Jindal Global Business School
Depositing User: Amees Mohammad
Date Deposited: 25 Jul 2022 05:52
Last Modified: 22 Feb 2023 11:21
Official URL: https://doi.org/10.1007/s12597-022-00597-x
URI: https://pure.jgu.edu.in/id/eprint/3866

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