Infographic | A look at Blockchain Technology

What it is and how it works. What are the benefits and the unknowns?

The blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without the need for a central certifying authority. Potential applications include distribution, loyalty programs, payments, storage & access, and data privacy.

Also, find these content pieces on Blockchain Technology in the Hotel & Hospitality Industry:

• ARTICLE 1 l Blockchain and the Future of Online Hotel Distribution written by André Baljeu
• ARTICLE 2 l A travel industry overview: From ‘best rate’ war to blockchain boom, written by Pedro Anderson of Winding Tree
• VIDEO l Blockchain Technology and the Travel Industry
• PODCAST l Discussing Blockchain in the Hotel Industry with Pedro Anderson from Winding Tree and Elisha Schoppig from Hotel-Spider

To all techtalk.travel editorials.