Imagine if a secure application let you share your passport information using a fingerprint when passing through airport security.
What if you could have just one loyalty card to collect points from your favourite hotel, airline and rental car company?
These are just some of the ways Amadeus says the blockchain could transform the way we travel in the future in its latest insight paper, ‘Blockchain: harnessing its potential in travel’.
The paper, which has contributions from blockchain start-ups Civic and Loyyal and was created through a series of interviews and desk research, identifies four potential use cases for the blockchain in travel including simplified and more secure passenger identification, improved baggage tracking, more user-friendly loyalty schemes, and simplified payments between travel agencies and airlines.
And although the blockchain is still in its early stages of development, the paper suggests that it has tremendous promise to change the way we can ‘exchange value’ digitally.
Just as the internet’s design has allowed us to exchange information very easily and quickly, so could the blockchain open the door to a new iteration of computing that allows ‘value’, to be exchanged between businesses, governments and individuals.
Until now, that value has been actual currency, but this paper from Amadeus suggests the blockchain could be used to exchange travel identification, baggage tracking details, or loyalty points as well.
“This paper is designed to help shine a light on the many different areas of the travel industry where blockchain is beginning to have an impact, in addition to providing a window into the wider development of the blockchain industry itself.
“We hope this paper contributes to a greater understanding of blockchain’s potential and helps inspire the industry-wide collaboration necessary to bring these business cases to life,” said Katherine Grass, head of Amadeus Innovation & Ventures.
Click here to download the blockchain paper.