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Assessment of blockchain applications in travel and tourism industry

Author

Listed:
  • Ali Ihsan Ozdemir

    (Ankara Yıldırım Beyazıt University)

  • Ilker Murat Ar

    (Ankara Yıldırım Beyazıt University)

  • Ismail Erol

    (Ankara Yıldırım Beyazıt University)

Abstract

Blockchain technology (BCT) is a network-based system, which is developed to create secure, smart and transparent distributed ledgers. Recently, BCT has been gaining more importance among different industries including travel and tourism industry through new tools such as smart contracts, decentralized applications and crypto currencies. However, despite the growing importance of the subject, only a few researchers have done studies with respect to blockchain applications in tourism and travel industry. Therefore, this study aims to propose a blockchain basics criteria set that allows decision makers to compare various distributed applications (DAPPs). The proposed blockchain basics criteria in this research are as follows: blokchain governance model, blockchain platforms, type of consensus, use of crypto currency, smart contract and tokens. Then, based on the proposed criteria set, case analysis is employed by using secondary data obtained from four successful DAPPs. However, note that this study does not seek to justify the selected DAPPs. Finally, major issues regarding the BCT and the importance of the proposed criteria set are also discussed. The findings may help lay the groundwork for future empirical studies.

Suggested Citation

  • Ali Ihsan Ozdemir & Ilker Murat Ar & Ismail Erol, 2020. "Assessment of blockchain applications in travel and tourism industry," Quality & Quantity: International Journal of Methodology, Springer, vol. 54(5), pages 1549-1563, December.
    • Handle: RePEc:spr:qualqt:v:54:y:2020:i:5:d:10.1007_s11135-019-00901-w
    DOI: 10.1007/s11135-019-00901-w
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    References listed on IDEAS

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    Cited by:

    1. Manahov, Viktor & Li, Mingnan, 2024. "Stablecoins: New perspectives for travel and tourism," Annals of Tourism Research, Elsevier, vol. 107(C).
    2. Erdem Baydeniz, 2024. "Blockchain Technology in Tourism: Pioneering Sustainable and Collaborative Travel Experiences," Journal of Tourismology, Istanbul University, Faculty of Economics, vol. 10(1), pages 1-12, June.
    3. Treiblmaier, Horst, 2021. "The token economy as a key driver for tourism: Entering the next phase of blockchain research," Annals of Tourism Research, Elsevier, vol. 91(C).
    4. Sreejith Balasubramanian & Jaspreet Singh Sethi & Shalini Ajayan & Cody Morris Paris, 2022. "An enabling Framework for Blockchain in Tourism," Information Technology & Tourism, Springer, vol. 24(2), pages 165-179, June.
    5. Apostolos Ampountolas & Elizabeth Chiffer, 2022. "Will blockchain shift Online Travel Agencies toward growth or to an end?," Tourism Economics, , vol. 28(5), pages 1342-1347, August.
    6. Roberto Leonardo Rana & Nino Adamashvili & Caterina Tricase, 2022. "The Impact of Blockchain Technology Adoption on Tourism Industry: A Systematic Literature Review," Sustainability, MDPI, vol. 14(12), pages 1-17, June.
    7. Wei Le & Adriana Moros-Daza & Maria Jubiz-Diaz & Stefan Voß, 2023. "A Blockchain Prototype for Improving Electronic Seals on Container Shipping Operations," Sustainability, MDPI, vol. 15(14), pages 1-22, July.

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