Blockchain technology will eventually revolutionize the Hospitality Industry.
The popularity and acceptance of blockchain technology have continued to increase over the years, as more businesses across different industries look to harness its features and benefits.
The multi-billion-dollar hospitality industry has also embraced the technology, with the emergence of a wide range of solutions backed by blockchain. Unfortunately, many of the available solutions do not effectively address the needs of service providers and customers due to their lack of understanding of new technologies.
The team at the Travel Coin as led by Dan Sebastian, aims to change this narrative through their all-inclusive ecosystem that will allow as many people as possible, especially customers of the hospitality industry, to use blockchain technology, leveraging a simple-to-use ecosystem that will work as a crypto-reward between businesses and customers.
As a part of the Travel Coin ecosystem, the team has already launched the TCOIN token in order to be used as a reward in the industry, allowing businesses to attract and retain customers and eventually increase sales.
Through the TCOIN Reward Mobile App, that will be available in May 2022, restaurants, pubs, clubs, hotels and other related businesses will automatically offer TCOIN tokens as a bonus to their customers.
The team has successfully tested the Travel Coin ecosystem in real locations with real clients that received TCOIN tokens as a bonus for their brand loyalty. This process was a success for the team by gathering data used to identify and adapt the hole ecosystem for the needs of customers and business owners.
The Travel Coin ecosystem is flexible and the clients can easily exchange their tokens to other cryptocurrencies or fiat and in the near future they will be able to receive discounts in partner locations. The Travel Coin project, set to challenge the status quo by leveraging the ever-growing technology will also adopt the use of NFTs for different memberships inside the mobile app.
Despite the increasing growth of the hospitality industry, blockchain projects still face a wide range of challenges that have stalled the progress of the market in recent times, but with approaches like the one described above the old hospitality industry problems such as high reservation fees, difficulty in attracting customers, customer retention and adoption of new technologies, will be solved and improved in the near future, providing a better experience and new sources of income to both customers and business owners.
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