Blockchain Projects Transforming The Travel Industry - Introducing Explorio
Everyone is buzzing about the revolutionary technology that has been transforming countless industries—everything from real estate to the energy industry. It’s looking like there’s no industry out there that blockchain technology won’t affect, and the travel industry is no different.
This is great news for anyone that enjoys the occasional vacation getaway, and even better news for frequent globetrotters, as blockchain solutions are often cheaper and more secure than their centralized counterparts. And as our world becomes increasingly globalized with more people traveling abroad, the demand for secure and affordable services within the travel industry will also sharply rise.
There’s many innovative companies popping up worldwide that have created ingenious blockchain solutions related to travel. Here’s a taste of the 4 most interesting projects that are turning the travel industry on its head.
Explorio
Ever notice how travel reviews for hotels, restaurants, and attractions tend to be extremely skewed, either very positive or very negative? Even worse, reviews can be filled with spam and fake users getting paid to write glowing reviews to places they’ve never been.
That’s why there’s one project working diligently to bring unbiased, high-quality travel reviews to the masses. Meet Explorio, the world’s first decentralized travel reviews platform. All content will be stored on a blockchain to ensure the information cannot be censored or tampered with, allowing users to trust that the reviews are legitimate and honest.
Before any content goes live on the platform, it must go through a rigorous peer-review process to ensure it is high quality. Once approved, community members may upvote or downvote the content, depending on how helpful it is.
To incentivize users, everyone that contributes, from the content contributors, to the peer reviewers, to the voters, is rewarded with a cryptocurrency called Explorio Honor tokens (XPLH). The more XPLH a user has, the higher their status is and the more privileges they will receive. Or, users may exchange their XPLH for Explorio’s utility token, called XPL, which can be used to pay for travel bookings and in the digital goods marketplace, among other things. XPL can also be exchanged for fiat (such as dollars or euros) or other cryptocurrencies.
The team’s long-term vision is to inspire and empower millions of people all over the world to travel more.
Three more blockchain projects that aim at the travel industry can be found in the full article here
This post was first published on Investinblockchain.com by Zoe Biehl. Working with Explorio I got the permission from the author to redistribute this article
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wow i heard about this name time ago, but did not know what for it was
https://steemit.com/blockchain/@krrrr13/can-an-entire-city-run-on-the-blockchain
nice post...
explain about BTC please
This is incredible!
The application of blockchain technology to any business/idea is absolutely imperative in my opinion! Travel and vacationing is one of the highest valued industries of them all, so it's definitely a good fit for these technologies!
I agree too, that most reviews on most major sites and provided through most major businesses, are lacking in proper moderation/review and bought reviews and shady reviews are definitely a major issue in these areas. I'd hate to visit somewhere that was ranked 4-5 stars on the reviews.. just to find out it's a trashy, horrible experience. There's definitely potential for a lot of market-grab when it comes to that!
Great post, thanks for sharing! :)
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I don't know
my goodness
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For the born traveller, travelling is a besetting vice. Like other vices, it is imperious, demanding its victim’s time, money, energy and the sacrifice of comfort.
A Huxely
Yes but when you take trips in the blood, if you must ask for an aventon in a pickup truck and camp in a square or on the beach, this adventure becomes something more valuable than gold.
You got a 53.30% upvote from @steembloggers courtesy of @steemium!
I agree too, that most reviews on most major sites and provided through most major businesses, are lacking in proper moderation/review and bought reviews and shady reviews are definitely a major issue in these areas. I'd hate to visit somewhere that was ranked 4-5 stars on the reviews.. just to find out it's a trashy, horrible experience. There's definitely potential for a lot of market-grab when it comes to that!
Great post, thanks for sharing! :)
That sounds really exciting. I believe it can change the entire travel industry. There was one time when I traveled and used this “exceptionally good review” hotel. I was soo disappointed with the room which had btw bed bugs. I don’t trust since then any of these reviews.
@milano1113, we also think this will be a major game changer and we're already developing the tech for that. Thanks for the kind words!
@timsaid Fantastic post! No doubt the new technology is proving it's mettle in all spheres. Soon will have to be adapted in almost every industry. Unstoppable!!!