Blockchain is like an immutable and incorruptible ledger which provides an auditable record of transactions to secure both digital assets and their value. As a direct outcome, it can also irrefutably secure the ownership of the particular asset or its value to a person or an entity, using an immutable cryptographic audit trail. This fundamentally reinforces the trust without the need for an intermediary.
Let us now consider three use cases of Blockchain in Hospitality to showcase the potential of this technology in the hospitality industry. These use cases are not only relevant to the hospitality context but form the core of the hospitality business, today. The use cases pertain to Supply Chain Management, Loyalty & Rewards Management and Customer Identity Management.
