Swiss start-up Chain4Travel claims to have laid the groundwork for the future of blockchain travel by hosting 230 key decision-makers from around the world in Mallorca this week.
Travel Un-Chained was organized to establish how the travel industry should prepare for the evolution of Web 3.0.
The audience was made up of 150 leading travel, tourism and technology companies representing 30 countries.
Chain4Travel was established by German businessman Ralf Usbeck, who previously founded Traveltainment and Peakwork.
The startup is developing a common blockchain-based network for all travel businesses called Camino.
This will provide a stable and secure network of B2B and B2C travel products and tourism partners will be able to exchange and purchase travel-related services and information on the network.
In Travel Un-Chained, international blockchain experts shed light on the current state and opportunities of this emerging technology for tourism.
Exhibits from companies already on the way, including A3M, Giata, Miles & More, Invia and Eurowings.
Camino will support secure transaction processing and payment options and is already supported by companies like Travel Ledger.
Guests and tech supporters include major travel providers like TUI, FTI and MTS, as well as tech companies like BD4 and Peakwork.
International travel experts from Europe and representatives from countries such as the US, Colombia, Taiwan, China and South Africa also joined the event.
Usbeck said: “By 2030, blockchain will be in use in all areas of business. There is huge potential for the travel industry and we can already showcase exciting showcases.”
Thomas Stirnimann, COO of Chain4Travel, added: “All travel companies are now invited to join and actively shape the Camino network: partners can plan individual applications in the next step, becoming a validator in the network. or buy Camino tokens in the presale”.
Usbeck will deliver a keynote address at next year’s #metatravel-themed Travolution Summit in London on February 28. He can register his interest to attend now.