{"id":18563,"date":"2022-02-11T12:40:16","date_gmt":"2022-02-11T12:40:16","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=18563"},"modified":"2022-05-04T21:37:19","modified_gmt":"2022-05-04T21:37:19","slug":"how-blockchain-is-revolutionising-property-and-tourism-industry-the-lynkey-way","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/how-blockchain-is-revolutionising-property-and-tourism-industry-the-lynkey-way\/","title":{"rendered":"How Blockchain Is Revolutionising Property And Tourism Industry: The LynKey Way"},"content":{"rendered":"
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Blockchain has become the new buzzword of the 21st century, even more so than digital marketing and AI. This cutting-edge, revolutionary technology is on its way to transforming every facet of human life; travel is no exception. It may even be the first one in line.<\/strong><\/p>\n

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Blockchain has gained increasing popularity over the past decade. Entrepreneurs and data engineers have been showing greater interest in the potential this technology holds. The immutability, transparency, and improved transaction security have been the common reasons for this growing interest.<\/p>\n

The urgent need for these attributes was the reason that prompted the tourism industry to experiment with blockchain.<\/p>\n

In what form?<\/p>\n

Crypto-based payments!<\/em><\/p>\n

Cash and plastic money will soon be a thing of the past. Cryptocurrency is what will emerge as the new mode of payment.<\/p>\n

It enables not only faster, secure, and borderless transactions but also a more lucrative reward mechanism. And of course, the technology blooms well with the growing number of millennials using this technology.<\/p>\n

Did you know that millennials represent more than 50% of the global luxury market?<\/em><\/strong><\/p>\n

LynKey is a global platform powered by blockchain. It recently announced its latest project, tokenising and offering NFT solutions worth $8 billion towards travel and tourism using this technology.<\/p>\n

Leveraged by the smart contracts feature, it offers LYNK token marketplace to digitise luxury resorts and properties at multiple locations in Vietnam, Singapore, Australia, and many other places around the world.<\/p>\n<\/section>\n

Pristine features of blockchain that make it inevitable to the tourism industry<\/strong><\/h2>\n