Web3 travel gets real with on-chain hotel booking, NFT ticketing, more

2024/06/04 Innoverview Read

Blockchain technology has introduced a new, decentralized concept to how travel businesses can operate, and the innovation in Web3-powered travel has only grown ever since.

It’s been more than a year since Camino Network emerged as the layer-1 blockchain designed from the ground up to address the needs of the travel industry. The travel ecosystem was quick to embrace Camino Network, which resulted in a year-long growth in number of validators, use cases, transactions, supporters and hackathons.

The foundation of Web3 travel

The travel industry mandates a meticulous approach to innovation along with a legal entity that would represent the concept and accompanying technology across the industry. That’s how Camino Network Foundation came to life as a Switzerland-based nonprofit organization responsible for the sustainable and compliant growth of the Camino Network ecosystem.

To clarify the steps needed to achieve the “tomorrow’s travel” vision, Camino Network Foundation has prepared a carefully crafted white paper detailing how Camino Network would act as the driver of innovation across the industry. The white paper also lays out the technical framework for the network, showing how Camino Network Web3 ecosystem would carry the industry to a future where payments can be processed efficiently and directly on the same protocol that also handles data requests.

Camino Network’s vision about bringing Web3 efficiency to the travel industry has quickly resonated with participants from both worlds. Travel giants like TUI, Lufthansa, Miles & More and Eurowings supported Camino Network by becoming blockchain validators, meaning the biggest travel industry players have become active participants in the layer-1 blockchain that processes travel-related data and transactions.

Real-world use cases for blockchain

Once the tech infrastructure was there, it was only a matter of time before a broader audience would be interested in a travel-focused blockchain. And the developers around the world didn’t disappoint:

From aviation to payments, developers came up with many decentralized applications (DApps) built on Camino Network through events such as the Decode Travel hackathon held at w3.hub in Berlin. Here are the shining examples of collaborative Web3 innovation:

  • Sleap.io: A hotel booking platform built on blockchain that offers over 350,000 hotels globally and accepts over 250 cryptocurrencies.

  • VisitorApp: A blockchain-based ticketing application that ties regional attractions into global travel experiences.

  • GroundSync: A Web3 app for the aviation industry that seeks to help airlines reduce flight delays.

  • DevestFinance: An investment-focused platform offering fractional ownership of assets that makes shares more tradable, facilitating capital inflows into the tourism industry.

  • CaminoScan: A community-built project to provide easy access to on-chain data on Camino Network and its testnet.

Along with those top examples, major travel companies are also developing and testing various use cases to offer travelers a seamless experience. The travel industry now has an established routine for innovation, where any travel business that seeks to educate its teams on DApps and test what Web3 has to offer can organize a hackathon event backed by Camino Network Foundation.

Instant global access with Web3

One key goal of tech innovation is to make things more accessible, and blockchain is no exception. Camino Network has introduced a blockchain-based global instant communication system where information exchange happens on the same protocol with payment transactions to lower the barrier for travel companies worldwide to be in sync with each other.

Called Camino Messenger, this business-to-business Web3 application was developed on Camino Network as an efficient travel data management and exchange system. It allows instant communication between service providers and distributors, making it possible for even local attractions from remote locations to tap into the global travel market.

Transactions on Camino Messenger are processed via CAM, the native token of Camino Network. Classified as a hybrid token — a payment and utility token within the layer-1 blockchain of global travel — CAM token is currently in the public sale phase.

Web3 and blockchain are set to revolutionize the industry by creating more interconnected, efficient and user-centric travel experiences. As digital grows alongside the travel industry, the demand for more connected, secure and efficient processes is becoming paramount.

Camino Network is well-positioned as the infrastructure level for the multi-trillion global travel industry. The decentralized approach introduced by Camino will enhance operational efficiency and help create a sustainable and inclusive travel ecosystem, making every journey smoother and more accessible.