The post For The Travel Industry, Web3 Says “Out With The Old, In With The New” appeared on BitcoinEthereumNews.com.

When it comes to certain things in life, the old version can be a pure classic. An espresso from a traditional machine vs. some plastic capsule device. The unchanged beauty of a European city center vs. a suburban string of mini-malls. The view from a mountain peak vs. the cheap imitation from a VR headset. However, we can’t always look to the past, and what is old is not always considered “classic.” Sometimes the old version is there simply because it is waiting for something better to come along and replace it. Sometimes the new really is better, faster, cleaner, more enjoyable. Sometimes it’s okay to throw out the “old” to make room for the “new.” The trick, as with all things, is to know when.  Some things are better left untouched because they are classic. Others aren’t broken, and maybe don’t need to be fixed. But in the world of travel, especially with traveling the world, there are plenty of aspects in sore need of improvement. We’ve experienced a massive change in everyday life the last few decades, with the internet, social media, and advanced logistics making life more interconnected and simplified.  However, this can’t always be said of global travel.  With the extra barriers of geographical borders, political systems and their laws, currencies, cultures, and overall technology levels, this same desire to integrate has been left wanting, and many travel services are still behind the standard practices of other industries (especially those more focused in a particular country or region). Web3, with its interesting elements and benefits, may be exactly what the travel industry has been waiting for.  After all, Web3 is especially focused on decentralization, borderless currencies, trustless/smart contracts, and tokenization of products, services, and even Real World Assets (RWAs).  These are all areas where the travel…

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Filed under: News - @ November 7, 2024 7:20 pm