Blockchain Based Smart Contract Applications in Tourism Industry

Zeren, Seda Karagöz; Demirel, Engin

doi:10.1007/978-3-030-29739-8_28

Cited by 8 publications

(5 citation statements)

References 1 publication

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“…The establishment of smart contracts significantly affects the abovementioned challenges by removing intermediaries from the market and making direct links between customers and service providers. Consequently, it reduces the costs of services, improves the efficiency of the overall processes, and minimizes the time needed to meet travelers' demands [36]. Turkay et al [37], by analyzing the literature regarding BC application in the tourism industry, confirmed this evidence and state that this technology leads to improvement in the service quality, the acceleration of the processes, and cost reduction.…”

Section: Smart Contracts and Cryptocurrenciesmentioning

confidence: 94%

“…Moreover, the smart contract exploited by TUI provides transparent information regarding the capacity of the hotel, a unique ranking system, automated communications, and information security [7]. In addition, other private companies, such as Travelflex, Tripago, Roomdao, CryptoBnB application by AirBnB, UBER, Singapore Airlines (KrisPay project), and Aeron are currently introducing BC technology with smart contracts [7,11,36]. Additionally, several public promotion tourism agencies have launched BC technology in their businesses and have shifted their payment methods towards the utilization of cryptocurrencies in order to improve the service quality and support local tourism.…”

Section: Smart Contracts and Cryptocurrenciesmentioning

confidence: 99%

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The Impact of Blockchain Technology Adoption on Tourism Industry: A Systematic Literature Review

2022

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The current COVID-19 pandemic has led to the acceleration of the digitization process and to a shifting to Industry 4.0. Blockchain (BC) is one of the technologies that has been introduced worldwide in recent years. It has been beneficial for the tourism industry, in addition to many other sectors. This article investigates the advantages and disadvantages of BC adoption in the tourism industry, as well as the possible solutions to overcome the challenges. This paper conducts a systematic literature review (SLR) that consists of the operations for detecting, selecting, categorizing, and analyzing relevant articles on a specified subject. It is evident from the results that the majority of the academic works illustrate the benefits of BC implementation and explain its potential by providing diverse models of BC-based systems. However, since BC is a young technology, numerous challenges have appeared on the path to its full adoption in the tourism industry. Possible solutions are the achievement of a collaborative approach among the stakeholders, the deepening of academic research in the field, testing more models of BC-based systems, and the establishment of relevant policies. Consequently, the implications for the theory, practice, policy, and research of this work are significant.

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Section: Smart Contracts and Cryptocurrenciesmentioning

confidence: 94%

Section: Smart Contracts and Cryptocurrenciesmentioning

confidence: 99%

The Impact of Blockchain Technology Adoption on Tourism Industry: A Systematic Literature Review

2022

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“…This validation is done by proof of work (PoW). According to Karagoz & Demirel (2020), in the PoW method, a problem is defined as the summary value generated by the SHA-256 Hash function for a computer solution in a certain range. After validation, the block is time stamped and added to the chain.…”

Section: Cryptocurrency In Blockchain Technologymentioning

confidence: 99%

Sustainability of cryptocurrency in blockchain technology for business development in African Countries

Mbaye

2021

IJBES

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The aim of the paper is to analyze the sustainability of cryptocurrency in blockchain technology in African countries for securing financial business transactions. Following the subprime crisis that shook the world economy, a new perception of money has emerged. It is a fully digital currency whose transactions are made through a distributed network. This algorithm-encrypted currency, reputed to be tamper-proof, transparent and inclusive, relies on a distributed network called the Blockchain. By comparison with traditional registers in which operations are paginated and successively recorded, transactions in blockchain technology are aggregated within the chain of blocks. It is decentralized since it is replicated on several geographic sites around the world. It enables peer-to-peer transactions, automated in real-time, reliable, secure, without intermediaries and non-repudiable. To ensure maximum security during financial transactions, blockchain miners use cryptography. This distributed system is, therefore, a major technological innovation capable of securing the financial infrastructure and mitigating failures by reducing operational risks. According to our analysis based on the Merkle tree model and blockchain energy consumption, the sustainability of cryptocurrency is a major issue for developing countries. Especially in Africa, its practicality poses a number of constraints.

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“…Due to the possibility of blockchain applications to enhance tourism in different fields , some studies have provided a review of the existing DApps and blockchain-based projects in the tourism industry (Antoniadis et al, 2020;Zeren & Demirel, 2020) as well as have proposed a measurement tool for assessing and comparing different applications .…”

Section: Research Focus Referencementioning

confidence: 99%

Blockchain adoption in tourism:Grounded theory-based conceptual model

Tyan¹,

Yagüe

Plaza

2021

ARA:JTR

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This study aims to move forward a blockchain tourism research and add understanding regarding blockchain adoption in the tourism industry. Grounded theory method based literature review was applied as a research methodology. Based on the literature review, the authors developed a conceptual model of blockchain adoption in tourism by defining casual, context, intervening conditions that affect blockchain adoption and outlining the consequences of blockchain adoption on the tourism sector. This research will contribute to the blockchain adoption literature as well as will give answers to the industry practitioners on how this innovative technology can be adopted and whether it worth investments or not.

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Blockchain Based Smart Contract Applications in Tourism Industry

Cited by 8 publications

References 1 publication

The Impact of Blockchain Technology Adoption on Tourism Industry: A Systematic Literature Review

The Impact of Blockchain Technology Adoption on Tourism Industry: A Systematic Literature Review

Sustainability of cryptocurrency in blockchain technology for business development in African Countries

Blockchain adoption in tourism:Grounded theory-based conceptual model

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