IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i6p4978-d1094044.html
   My bibliography  Save this article

Potential of the Crypto Economy in Financial Management and Fundraising for Tourism

Author

Listed:
  • Juan F. Prados-Castillo

    (Marketing and Market Research Department, Melilla Campus, Universidad of Granada, 52005 Melilla, Spain)

  • Miguel Ángel Solano-Sánchez

    (Department of Applied Economics, Faculty of Social and Legal Sciences, Melilla Campus, University of Granada, 52005 Melilla, Spain)

  • Pilar Guaita Fernández

    (Department of International and Spanish Economics, University of Granada, 18071 Granada, Spain)

  • José Manuel Guaita Martínez

    (Department of Economics and Social Sciences, Universitat Politècnica de València, 46022 València, Spain)

Abstract

This study aims to examine the potential of blockchain technology in the financing and financial management of entrepreneurial tourism projects. It highlights two objectives: how the technology can be used as an alternative financing tool and how it can improve efficiency and transparency in the financial management of tourism companies. This study shows that initial coin offerings are an effective way to finance innovative tourism projects and that blockchain technology can improve the competitiveness and efficiency of tourism companies. Due to the lack of empirical data on the actual implementation and impact of blockchain technology in the tourism industry, it is suggested that further research is needed to examine the practical application of blockchain technology in the tourism industry, its potential impact on tourism businesses and its implications for the regulatory framework. The proposed methodology includes a systematic literature review on the application of blockchain technology for the financing of tourism projects and the financial improvement of tourism business models. The results indicate that blockchain technology has the potential to transform the financing and financial management of the tourism industry and improve its efficiency and transparency. Furthermore, combining blockchain with other technologies can provide additional benefits in supply chain management and event automation.

Suggested Citation

  • Juan F. Prados-Castillo & Miguel Ángel Solano-Sánchez & Pilar Guaita Fernández & José Manuel Guaita Martínez, 2023. "Potential of the Crypto Economy in Financial Management and Fundraising for Tourism," Sustainability, MDPI, vol. 15(6), pages 1-15, March.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:6:p:4978-:d:1094044
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/6/4978/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/6/4978/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Önder, Irem & Treiblmaier, Horst, 2018. "Blockchain and tourism: Three research propositions," Annals of Tourism Research, Elsevier, vol. 72(C), pages 180-182.
    2. Aria, Massimo & Cuccurullo, Corrado, 2017. "bibliometrix: An R-tool for comprehensive science mapping analysis," Journal of Informetrics, Elsevier, vol. 11(4), pages 959-975.
    3. Vincenzo Varriale & Antonello Cammarano & Francesca Michelino & Mauro Caputo, 2020. "The Unknown Potential of Blockchain for Sustainable Supply Chains," Sustainability, MDPI, vol. 12(22), pages 1-16, November.
    4. González-Albo, Borja & Bordons, María, 2011. "Articles vs. proceedings papers: Do they differ in research relevance and impact? A case study in the Library and Information Science field," Journal of Informetrics, Elsevier, vol. 5(3), pages 369-381.
    5. Nees Jan Eck & Ludo Waltman, 2010. "Software survey: VOSviewer, a computer program for bibliometric mapping," Scientometrics, Springer;Akadémiai Kiadó, vol. 84(2), pages 523-538, August.
    6. Robert N. Broadus, 1987. "Early approaches to bibliometrics," Journal of the American Society for Information Science, Association for Information Science & Technology, vol. 38(2), pages 127-129, March.
    7. Massimo Aria & Michelangelo Misuraca & Maria Spano, 2020. "Mapping the Evolution of Social Research and Data Science on 30 Years of Social Indicators Research," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(3), pages 803-831, June.
    8. Anagnostopoulos, Ioannis, 2018. "Fintech and regtech: Impact on regulators and banks," Journal of Economics and Business, Elsevier, vol. 100(C), pages 7-25.
    9. Arzu Tugce Guler & Cathelijn J. F. Waaijer & Magnus Palmblad, 2016. "Scientific workflows for bibliometrics," Scientometrics, Springer;Akadémiai Kiadó, vol. 107(2), pages 385-398, May.
    10. Junwen Zhu & Weishu Liu, 2020. "A tale of two databases: the use of Web of Science and Scopus in academic papers," Scientometrics, Springer;Akadémiai Kiadó, vol. 123(1), pages 321-335, April.
    11. Min Xu & Xingtong Chen & Gang Kou, 2019. "A systematic review of blockchain," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 5(1), pages 1-14, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chien-Tai Hsu & Yi-Chun Lin & Kai-Chao Yao & Pei-Chi Ma, 2024. "A Study on the Performance of B&B Operations Is Conducted in Sustainable Tourism," Sustainability, MDPI, vol. 16(18), pages 1-23, September.
    2. Juan F. Prados-Castillo & Juan Antonio Torrecilla-García & Georgette Andraz & José Manuel Guaita Martínez, 2023. "Blockchain in Peer-to-Peer Platforms: Enhancing Sustainability and Customer Experience in Tourism," Sustainability, MDPI, vol. 15(22), pages 1-17, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abidin Kemeç & Ayşenur Tarakcıoglu Altınay, 2023. "Sustainable Energy Research Trend: A Bibliometric Analysis Using VOSviewer, RStudio Bibliometrix, and CiteSpace Software Tools," Sustainability, MDPI, vol. 15(4), pages 1-21, February.
    2. Dušan Nikolić & Dragan Ivanović & Lidija Ivanović, 2024. "An open-source tool for merging data from multiple citation databases," Scientometrics, Springer;Akadémiai Kiadó, vol. 129(7), pages 4573-4595, July.
    3. Toshiyuki Hasumi & Mei-Shiu Chiu, 2022. "Online mathematics education as bio-eco-techno process: bibliometric analysis using co-authorship and bibliographic coupling," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(8), pages 4631-4654, August.
    4. Lingjie Tang & Chang’an Zhang, 2023. "Global Research on International Students’ Intercultural Adaptation in a Foreign Context: A Visualized Bibliometric Analysis of the Scientific Landscape," SAGE Open, , vol. 13(4), pages 21582440231, December.
    5. Büşra Ayan & Elif Güner & Semen Son-Turan, 2022. "Blockchain Technology and Sustainability in Supply Chains and a Closer Look at Different Industries: A Mixed Method Approach," Logistics, MDPI, vol. 6(4), pages 1-39, December.
    6. Andrea Caputo & Mariya Kargina, 2022. "A user-friendly method to merge Scopus and Web of Science data during bibliometric analysis," Journal of Marketing Analytics, Palgrave Macmillan, vol. 10(1), pages 82-88, March.
    7. Leopizzi, Rossella & Palmi, Pamela & Di Cagno, Pierluca, 2023. "Sustainability reporting and electric utilities: A bibliometric analysis," Utilities Policy, Elsevier, vol. 84(C).
    8. Jasmina Berbegal-Mirabent, 2021. "What Do We Know about Co-Working Spaces? Trends and Challenges Ahead," Sustainability, MDPI, vol. 13(3), pages 1-30, January.
    9. Diego Durante Mühl & Mariana Vargas Braga Silva & Letícia Oliveira, 2024. "How to Build a Bioeconomic Food System: A Thematic Review," Circular Economy and Sustainability, Springer, vol. 4(3), pages 1697-1727, September.
    10. Juan F. Prados-Castillo & Juan Antonio Torrecilla-García & Georgette Andraz & José Manuel Guaita Martínez, 2023. "Blockchain in Peer-to-Peer Platforms: Enhancing Sustainability and Customer Experience in Tourism," Sustainability, MDPI, vol. 15(22), pages 1-17, November.
    11. Qin, Yong & Xu, Zeshui & Wang, Xinxin & Škare, Marinko, 2022. "Green energy adoption and its determinants: A bibliometric analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 153(C).
    12. Habiba Halepoto & Tao Gong & Hafeezullah Memon, 2022. "A Bibliometric Analysis of Antibacterial Textiles," Sustainability, MDPI, vol. 14(18), pages 1-17, September.
    13. Saumyaranjan Sahoo & Satish Kumar & Uthayasankar Sivarajah & Weng Marc Lim & J. Christopher Westland & Ashwani Kumar, 2024. "Blockchain for sustainable supply chain management: trends and ways forward," Electronic Commerce Research, Springer, vol. 24(3), pages 1563-1618, September.
    14. Pizzi, Simone & Venturelli, Andrea & Variale, Michele & Macario, Giuseppe Pio, 2021. "Assessing the impacts of digital transformation on internal auditing: A bibliometric analysis," Technology in Society, Elsevier, vol. 67(C).
    15. Maria Lourdes Ordoñez Olivo & Zoltán Lakner, 2023. "Shaping the Knowledge Base of Bioeconomy Sectors Development in Latin American and Caribbean Countries: A Bibliometric Analysis," Sustainability, MDPI, vol. 15(6), pages 1-18, March.
    16. Johnson Ankrah & Ana Monteiro & Helena Madureira, 2022. "Bibliometric Analysis of Data Sources and Tools for Shoreline Change Analysis and Detection," Sustainability, MDPI, vol. 14(9), pages 1-23, April.
    17. Emanuela Gemelli & Eva Olmedo-Moreno & à lvaro Manuel Úbeda-Sánchez & Clemente Rodríguez-Sabiote, 2024. "Bibliometric Study of Scientific Output Between 2011 and 2020 Regarding Teaching-Learning of the Sciences Through Comic Books," SAGE Open, , vol. 14(1), pages 21582440231, February.
    18. Shuangqing Sheng & Wei Song & Hua Lian & Lei Ning, 2022. "Review of Urban Land Management Based on Bibliometrics," Land, MDPI, vol. 11(11), pages 1-25, November.
    19. Gour Gobinda Goswami & Tahmid Labib, 2022. "Modeling COVID-19 Transmission Dynamics: A Bibliometric Review," IJERPH, MDPI, vol. 19(21), pages 1-19, October.
    20. Zoltán Lakner & Brigitta Plasek & Gyula Kasza & Anna Kiss & Sándor Soós & Ágoston Temesi, 2021. "Towards Understanding the Food Consumer Behavior–Food Safety–Sustainability Triangle: A Bibliometric Approach," Sustainability, MDPI, vol. 13(21), pages 1-23, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:6:p:4978-:d:1094044. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.