In this video, André discusses the potential of cryptocurrency and blockchain technology for the hospitality industry. Web3 services, including blockchain, smart contracts, and decentralised autonomous organisations (DAOs), can provide greater privacy, security, transparency, and control for users in hospitality. The industry’s benefits of using cryptocurrency and blockchain include faster payment processing, increased security, improved supply chain management, better customer engagement and loyalty, and enhanced data privacy. However, we also look at the cons, including lack of universal acceptance, lack of regulation, volatility, complexity, integration challenges, technical challenges, market volatility, and lack of adoption.
Time stamps
00:40 - Introduction
01:27 - What Are Web 3 Services?
02:23 - An Industry Ripe For Change
04:29 - Pros Of Cryptocurrency
05:05 - Cons Of Cryptocurrency
06:39 - Shopping Cart Booking Options
07:30 - Customisable Booking Packages
08:13 - Dynamic Pricing Options
08:36 - Tokens & Digital Assets
08:55 - Non-Fungible Tokens (NFTs)
10:22 - Conclusion
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