Chain4Travel lays foundation for blockchain in travel with international gathering

Chain4Travel lays foundation for blockchain in travel with international gathering

'Travel Un-Chained' took place in Majorca this week with 230 delegates from 150 travel and technology companies representing 30 countries attending 

Swiss start-up Chain4Travel claims to have laid the foundations for the blockchain future of travel by hosting 230 key decisions makers from around the globe in Majorca this week.

Travel Un-Chained was organised to set out how the travel industry needs to prepare for the Web 3.0 evolution.

The audience comprised of 150 leading travel, tourism and technology companies representing 30 countries. 

Chain4Travel was established by German entrepreneur Ralf Usbeck, who previously founded both Traveltainment and Peakwork.  

The start-up is developing of a common blockchain-based network for all travel companies called Camino. 

This will provide a stable and secure network of B2B and B2C travel products and tourism partners will be able to trade and purchase travel-related services and information in the network.

At Travel Un-Chained international blockchain experts shed light on the current status and opportunities of this emerging technology for tourism. 

Showcases from companies already on Camino, included A3M, Giata, Miles & More, Invia, and Eurowings.

Camino will support secure transaction processing and payment options and is already being supported by companies such as Travel Ledger.

Guests and supporters of the technology include major travel providers such as TUI, FTI, and MTS, as well as technology companies such as BD4 and Peakwork. 

International travel experts from Europe and representatives from countries such as the USA, Colombia, Taiwan, China and South Africa also joined the event.

Usbeck said: "By 2030, blockchain will be in use in all business areas. There is enormous potential for the travel industry and we can already present exciting showcases."

Thomas Stirnimann, chief operating officer of Chain4Travel, added: "All travel companies are now invited to join in and actively shape the Camino network: Partners can plan individual apps in the next step, become a validator in the network or purchase Camino tokens at the presale."

Usbeck will deliver a keynote address at next year's #metatravel themed Travolution Summit in London on February 28. You can register your interest to attend now.