Where to from here? 27/11, page-78

It will be interesting to see how far Webjet goes with it Rezchain technology solution .... ahead of the pack .... early mover advantage

Here are some articles that discuss the possibilities of blockchain solutions within in the travel industry:

https://www.travelport.com/blog/travel-2025-connected-personalized-and-immersive-experience

https://www.travelport.com/blog/avoiding-hype-see-value-blockchain-travel

	Use case	Suitability for blockchain or distributed ledger and limitations
1	Whole trip, travel reservations	Currently not suitable for public blockchains, scalability and speed of transaction verification are limiting factors.
2	Traveller identity	Suitable for blockchain or distributed ledger, needs robust access control mechanism and security model
3	Payments for travel transactions	Suitable for blockchain, requires financial partners and requires currency stability
4	Loyalty federation	Possibly suitable for blockchain, requires collaboration of travel suppliers and agreement on exchange mechanism
5	Guarantee of bookings and payment	Validating a booking on distributed ledger, suitable for blockchain as it does not involve keeping the whole reservation on the ledger
6	Ticketing	Similar to above but risks transposing legacy process to distributed ledger technology
7	B2B Settlement	Suitable for distributed ledger in a closed business network
8	Shopping and inventory	Inventory control possible with distributed ledger but probably only within a limited access group or closed network due to performance and scalability
9	Travel exchange	Travel token or currency exchange capability, working across supplier’s ledgers. Will probably be a necessity to support some of the other models.

Short Term	Mid-term		Long term
1-2 years	2-5 years		5 years +
Limited B2B payments		Travel cryptocurrency exchanges			IATA coin for air settlement
Travel cryptocurrency/token offerings		Reservations on distributed private ledger			Whole trip on blockchain
Basic traveler identity		Cryptocurrency payments for travel			Interlining across blockchains
Private permissioned distributed ledger for supplier inventory		Early IATA Coin adoption for air payments and settlement			Global traveler identity
		Traveler identity shared across suppliers

https://www.travelport.com/sites/default/files/travelport-blockchain-whitepaper.pdf