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Is blockchain technology a watershed for tourism development?

Author

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  • Andrei O. J. Kwok
  • Sharon G. M. Koh

Abstract

The rise of blockchain technology could radically disrupt the global economy. As an emergent technology, blockchain is of broad and current interest in the tourism industry. Small island economies are at the forefront of adopting this digital asset and technology. For instance, the Caribbean economies are launching their first digital legal tender, and Aruba is developing a blockchain platform to boost tourism revenue. Given the velocity of adoption, blockchain technology holds significant implications for tourism development. This research letter provides a discourse on the adoption of blockchain technology among small island economies concerning the opportunities and potential challenges faced and offers practical implications for tourism stakeholders.

Suggested Citation

  • Andrei O. J. Kwok & Sharon G. M. Koh, 2019. "Is blockchain technology a watershed for tourism development?," Current Issues in Tourism, Taylor & Francis Journals, vol. 22(20), pages 2447-2452, December.
    • Handle: RePEc:taf:rcitxx:v:22:y:2019:i:20:p:2447-2452
    DOI: 10.1080/13683500.2018.1513460
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    Cited by:

    1. Horst Treiblmaier & Daniel Leung & Andrei O. J. Kwok & Aaron Tham, 2021. "Cryptocurrency adoption in travel and tourism – an exploratory study of Asia Pacific travellers," Current Issues in Tourism, Taylor & Francis Journals, vol. 24(22), pages 3165-3181, November.
    2. Theodoros Daglis, 2024. "The Tourism Industry’s Performance During the Years of the COVID-19 Pandemic," Computational Economics, Springer;Society for Computational Economics, vol. 63(3), pages 1173-1189, March.
    3. Manahov, Viktor & Li, Mingnan, 2024. "The implications of virtual money on travel and tourism," Annals of Tourism Research, Elsevier, vol. 105(C).

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