Travel Un’chained’ with blockchain

Around 230 players from 150 leading international tourism and tech companies representing more than 30 countries came together in Mallorca. They jointly laid the foundations for the further development of the travel industry in Web 3.0. Ralf Usbeck, CEO of Chain4Travel, said: “By 2030, blockchain will be in use in all business areas. There is enormous potential for the travel industry, and we can already present exciting showcases.”

Thomas Stirnimann, COO of Chain4Travel, added: “All travel companies are now invited to join in and actively shape the Camino network: Partners can plan individual apps in the next step, become a validator in the network or purchase Camino tokens at the presale.”

The invitation was extended by Chain4Travel. This Swiss-based start-up is driving the development of a common blockchain-based network, Camino, for all travel companies. Within the stable and secure network of B2B and B2C travel products, tourism partners will be able to efficiently trade and purchase travel-related services and information.

International blockchain experts presented the current status and opportunities of this powerful technology for tourism. Leading brands across numerous industries are already working with decentralised applications. Secure transaction processing and payment options are already ensured for this new tourism blockchain, Camino, supported by cooperating companies such as Travel Ledger, that will fundamentally influence customer behavior. Initial showcases from companies already on Camino, including A3M, Giata, Miles & More, Invia, and Eurowings were also demonstrated.

Guests and supporters of the technology include major travel providers such as TUI, FTI, and MTS, as well as technology companies such as BD4 and Peakwork. International travel experts from Europe and representatives from countries such as the USA, Colombia, Taiwan, China and South Africa also joined the event.