Bremen, April 26, 2023 – Chain4Travel wants to use the Camino network to ensure transparent, secure processes and an infrastructure that enables new applications to be developed in the tourism industry. team neusta is involved as a validator, supporting the development of the blockchain ecosystem. The digital group is also promoting the network by enabling other companies to become validators, such as the Internet Travel Distribution Association (VIR). “Blockchain is a viable technology with great future potential – especially for the travel industry. Interesting use cases can be created, for example in the area of customer loyalty,” says Jens Barthel, Managing Director of neusta data intelligence.
The Camino network enables travel providers, for example, to process bookings, payments, and new service offerings more securely and efficiently via a blockchain. Payments are made in the cryptocurrency CAM. The network is based on a consensus algorithm. This means that multiple validators check and approve transactions. team neusta is one of them. The company operates a so-called node in the network. This node runs software that checks transactions running on the blockchain and confirms them if they are correct. “As a validator, we contribute to greater transparency and traceability in transactions. It also enables us to provide sustainable technical support for decision-making processes in the travel industry,” says Barthel.
team neusta not only acts as a validator, but also advises interested companies from the travel industry who would like to become validators in the network. The experts provide support with implementation and supply the necessary hardware and software. team neusta recently enabled VIR as a validator. Michael Buller, CEO of VIR, explains: "Blockchain is an exciting technology with very high potential to simplify and improve many processes in travel distribution in the future. For this reason, the association has decided to participate in Chain4Travel as a validator in order to support the introduction of the technology in the travel sector. To achieve this, we turned to our association member team neusta, who advised us on the implementation of the technical requirements, provided us with comprehensive support, and hosted the necessary server for us as a validator."
Blockchain will become increasingly important in the future and enable new services for travel providers: for example, key cards for hotel rooms could be activated via an app linked to the network. It would also be conceivable to book additional services, such as rental cars or excursions.
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