Travel goes Web3: How this blockchain is leading the way

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Travel goes Web3: How this blockchain is leading the way
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  • 📰 Cointelegraph
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The travel industry could be the biggest use case of blockchain since financial services: Here’s why [AD]

People rightly have high expectations for their travel experience, including low cost, better security, transparency and personalisation. These demands can be met with the help of peer-to-peer connections, decentralized networks, fast transactions and interoperable systems that enable seamless data exchange.That's why the travel industry needs blockchain solutions.

to pave the way for innovation in the multi-billion dollar industry. Supported by the travel giants like TUI, Lufthansa, Miles & More and Eurowings, Camino Network lays the groundwork for an entire ecosystem of Web3 travel apps and services., Camino’s blockchain is tailored specifically for the travel ecosystem.

While NFTs are mainly known as digital collectibles in the Web3 space, the travel industry presents immense potential to go beyond one use case and introduce actual utility. Similarly, the travel industry can benefit from the flexibility and reliability of NFTs for many legs or a travel experience, making it an ideal match. With NFTs, it becomes possible to produce hotel or other key travel info as a unique digital token, where the info is stored in a decentralized manner.

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