[2017-07-11] Blockchain Will Disrupt Expedia and Airbnb, TUI CEO Says

[WindingTree]

Will blockchain be the next Internet?

Fritz Joussen, CEO of TUI Group, believes it will.

“It takes away the monopoly of knowledge from a few platforms,” he said.

Blockchain is the underlying technology behind Bitcoin, the cryptocurrency which currently has a market cap of some $45 billion. While Bitcoin was created to be a digital currency that eliminates the traditional middle-men in money, many argue that Bitcoin-derived blockchain technology is the greater innovation of the two.

Blockchain is essentially a distributed database to which data can only be appended, which means that historic data cannot be lost nor corrupted.

We interviewed Fritz Joussen after his presentation at the Noah Conference in Berlin a couple of weeks ago.

Joussen argues that blockchain will break the almost-“monopolistic” hold that Priceline, Expedia, and Airbnb hold in today’s lodging and distribution ecosystem. That may be overstating their grip on distribution, but we get the point.

Read the full article:  https://skift.com/2017/07/11/blockchain-will-disrupt-expedia-and-airbnb-tui-ceo-says/

[iamTom123]

There is no question that the innovative and revolutionary Blockchain Technology can be a major disruption of the current leading names of online businesses we have around. In fact, this technology can affect so many industries down the road. There are so many benefits that blockchain can be bringing into many businesses and if any business can fail to appreciate and adopt ahead of their competitors then they can be at the risk of being sidelined and even eliminated in the race.

In the coming years, there would be many applications and innovations based on blockchain. We would witness of this technology applied in our everyday lives most especially by the high-tech companies and to make bigger impact it can be applied with the way we communicate globally and do personal business online. Soon, this can be applied for elections too to minimize rigging and doubts.

Expect more and more news on blockchain in the coming years.

[WindingTree]

There is no question that the innovative and revolutionary Blockchain Technology can be a major disruption of the current leading names of online businesses we have around. In fact, this technology can affect so many industries down the road. There are so many benefits that blockchain can be bringing into many businesses and if any business can fail to appreciate and adopt ahead of their competitors then they can be at the risk of being sidelined and even eliminated in the race.

In the coming years, there would be many applications and innovations based on blockchain. We would witness of this technology applied in our everyday lives most especially by the high-tech companies and to make bigger impact it can be applied with the way we communicate globally and do personal business online. Soon, this can be applied for elections too to minimize rigging and doubts.

Expect more and more news on blockchain in the coming years.

Fully agree! You should check out Winding Tree - we're building a platform to bring true competition and free-market approach to travel distribution. Travel is much more monopolistic than many think! Check out our thread here on bitcointalk if you're interested.