Cryptocurrency adoption in travel and tourism – an exploratory study of Asia Pacific travellers

Treiblmaier, Horst; Leung, Daniel; Kwok, Andrei O. J.; Tham, Aaron

doi:10.1080/13683500.2020.1863928

Cited by 57 publications

(64 citation statements)

References 37 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Our literature review further revealed several dimensions of blockchain-related consumer behaviour that have already been investigated, such as individuals' technology adoption (Schuetz & Venkatesh 2020;Treiblmaier et al 2020), consumers' blockchain-related information sharing (Bolici et al 2020), and -perhaps most importantly -consumer participation (Fell et al 2019).…”

Section: Rq2: How Can Service Organizations Enhance Consumers' Trust In Blockchain Applications and How Does This Influence Their Usage Bmentioning

confidence: 83%

Blockchain in Service Management and Service Research - Developing a Research Agenda and Managerial Implications

Rikken¹,

Janssen²,

Kwee³

et al. 2021

SMR

View full text Add to dashboard Cite

As blockchain technology is maturing to be confidently used in practice, its applications are becoming evident and, correspondingly, more blockchain research is being published, also extending to more domains than before. To date, scientific research in the field has predominantly focused on subject areas such as finance, computer science, and engineering, while the area of service management has largely neglected this topic. Therefore, we invited a group of renowned scholars from different academic fields to share their views on emerging topics regarding blockchain in service management and service research. Their individual commentaries and conceptual contributions refer to different theoretical and domain perspectives, including managerial implications for service companies as well as forward-looking suggestions for further research.

show abstract

Section: Rq2: How Can Service Organizations Enhance Consumers' Trust In Blockchain Applications and How Does This Influence Their Usage Bmentioning

confidence: 83%

Blockchain in Service Management and Service Research - Developing a Research Agenda and Managerial Implications

Rikken¹,

Janssen²,

Kwee³

et al. 2021

SMR

View full text Add to dashboard Cite

show abstract

“…The scientific literature explores the issue of using blockchain technologies in the following areas of the digital economy, namely: the financial system at the macro and micro levels (in particular, financial and technological companies) (Vovchenko et al, 2017;Karapetyan et al, 2019), insurance system, public administration system (Babkin et al, 2017;Britchenko & Cherniavska, 2019), infrastructure (Abodei et al, 2019), e-commerce system, industry, agriculture (for supply chain management in agriculture) (Tripoli & Schmidhuber, 2018;Baralla et al, 2018;Sajja et al, 2021), intellectual property, education, health care (Dorofeyev et al, 2018;Muminova et al, 2020). Blockchain is also being actively implemented in the tourism sector, especially in island countries (Treiblmaier et al, 2020). For instance, the Caribbean countries have launched the first legal digital means of payment; Aruba has developed a blockchain platform in order to ensure the growth of tax revenues from tourism (Kwok & Koh, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The potential of applying blockchain technologies in various sectors of the digital economy

Milashovska

Liba

Korolovych

et al. 2021

RDLUZ

View full text Add to dashboard Cite

The objective of the article is to determine the potential of blockchain technologies in various sectors of the digital economy, in the case of the countries of the European Union. Methodology. The research assesses the use of digital technologies to ensure the country's digital development, based on data from the European Commission and the Digital Economy and Society Index (DESI). On the basis of DESI, a cluster diagram was created to determine the potential for the use of blockchain technology in the countries of the European Union. Results. The potential for the use of blockchain technology in each country depends and is significantly connected with the introduction of different technologies and the availability of the Internet, the provision of digital services by the government, the development of human capital. The main potential advantages of the technology include the following: acceleration of globalization processes, ensuring the country's transition from real production to technological development, change of established business models, transformation and optimization of value chains of different sectors of the economy by reducing costs; transformation of the nature of mediation due to technological changes; the use of cryptocurrency to achieve the consensus of economic agents on the allocation of scarce resources on a global scale.

show abstract

“…Blockchain technologies can substantially transform the tourism sector (Treiblmaier et al 2020 ). It is an “immutable distributed ledger” decentralized with no central authority and records are all validated as discrete and encrypted digital data events and transactions executed or shared among participants in a network (Irannezhad and Mahadevan 2021 ).…”

Section: Introductionmentioning

confidence: 99%

“…We made several initial observations upon reviewing this nascent and still fragmented literature. First and foremost, most of these studies are narrow in scope (rightfully so), focusing on one or a few specific blockchain applications; for example, Treiblmaier et al ( 2020 ) have focused on cryptocurrencies, while Veloso et al ( 2019 ) study focused on crowdsourcing. Other studies have focused on blockchain applications in specific domains of tourism, such as medical tourism (Pilkington 2020 ; Balasubramanian et al 2022 ) or sustainable development in tourism (Tham and Sigala 2020 ).…”

Section: Introductionmentioning

confidence: 99%

An enabling Framework for Blockchain in Tourism

Balasubramanian

Sethi

Ajayan

et al. 2022

Inf Technol Tourism

View full text Add to dashboard Cite

This viewpoint article proposes an enabling framework that identifies the use of various blockchain technologies in tourism and their applications (digitalization, automation, disintermediation, and intelligent environment) across the different stages of travel (pre-trip, during the trip, and post-trip). As we know, the tourism sector contributes immensely to world GDP and job creation. However, the COVID-19 pandemic, even after two years since it first appeared, continues to adversely impact the tourism prospects of countries across the world due to nationwide lockdowns and travel restrictions. As the world tries to adapt to the “new normal,“ the tourism sector is forced to re-think its ways of doing business and bring about innovations to facilitate the new norms of contactless and safe transactions. Also, the sector, more than ever, need to effectively deal with its inherent challenges such as transparency and credibility of information, fraudulent practices, opportunistic behavior of intermediaries, and foreign currency risks. Blockchain technology can transform the tourism sector by offering innovative solutions that address its pressing issues. However, our current understanding of blockchain application in tourism is quite limited, with previous work being largely fragmented and narrow in terms of both scope and application. We foresee that the insights offered in this viewpoint, including the framework, will advance both theory and practice and facilitate the implementation of blockchain-enabled solutions across different travel stages.

show abstract

Cryptocurrency adoption in travel and tourism – an exploratory study of Asia Pacific travellers

Cited by 57 publications

References 37 publications

Blockchain in Service Management and Service Research - Developing a Research Agenda and Managerial Implications

Blockchain in Service Management and Service Research - Developing a Research Agenda and Managerial Implications

The potential of applying blockchain technologies in various sectors of the digital economy

An enabling Framework for Blockchain in Tourism

Contact Info

Product

Resources

About