cryptocurrency
Ten Hotel Possibilities for the Metaverse
Larry and Adam Mogelonsky | August 10, 2022
By Larry and Adam Mogelonsky Now that the current ‘crypto winter’ is weeding out all the cryptocurrency Ponzi schemes with no real applications or utility, it’s time to put on your futurist cap and ponder some actual use cases for what this coming technology will offer to hotels. For background on blockchain, cryptocurrencies, non-fungible tokens (NFTs), web3 and all the basics related to how those work, there are lots of great resources out there, and explaining it all would make this article way too long for a casual read. On that note, here are ten possibilities to consider. 1. An Extension of the Experience Economy. We’re b...
Blockchains and Related Technologies
Mark Munger | July 12, 2022
By Mark Munger I still encounter people who ask me to explain what a blockchain is or are confused as to how cryptocurrencies, NFTs, and smart contracts relate to blockchains. Here is my attempt to relay my view of the technologies. This may take multiple blogs, though I’ll attempt to keep it simple. I’m also writing these to get out quickly, so any errors or statements you believe are misleading or wrong, please comment and let me know what I missed. What is a Blockchain? A Blockchain is an internet ledger storing data with new data added as a group called a block. These blocks are connected to each other with links forward and...
The Hype Behind Blockchain: What Is it and Why Is it Important to the Travel Industry?
Rob Sudakow | September 16, 2019
By Rob Sudakow If you haven’t noticed Blockchain is one of the new catchphrases thrown around at every travel conference you go to, but it’s probable that most of those throwing the word around actually understand blockchain or how it could revolutionize the travel industry. The travel industry isn't alone in its excitement over blockchain. The buzzword is making its way into the vocabulary of many industries with good reason. But the big question is how and why. What is Blockchain: Wikipedia’s definition of blockchain “a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptog...
Blockchain and Real Estate: Don’t Let Bitcoin Blind You to the Usefulness of Blockchain
Savills Vietnam | September 6, 2018
Bitcoin and crypocurrencies may not interest you, but the underlying blockchain technology should. Imagine that, early this year, you sold a property for $10m and opted to take payment in Bitcoin. Perhaps your $10m of Bitcoin was transferred to you on January 6, when a Bitcoin was worth $17,135.84. If you didn't use those funds by, say, the next Tuesday, your store of Bitcoin would have fallen in value by 16%. If you waited another week to spend those coins, you would find they'd plummeted 55% in value. Of course, had the sale taken place exactly a year earlier, you could have watched your $10m of Bitcoin turn into more than $200m by t...
Medical Tourism: India and Malaysia Lead the Market with Use of Cryptocurrency
Allied Market Research | April 30, 2018
Small countries including India and Malaysia have seen a spike in the medical tourism market owing to the low-cost of treatments compared to the U.S. and the intensive care facilities offered by the hospitals. The medical tourism market has grown exponentially in recent years due to affordability and accessibility of healthcare services along with the support from tourist department and government. In addition, the countries such as India, Brazil, Malaysia, and Thailand provide the latest medical technologies to the patients, which boosted the medical tourism market. In its recent report on Global Medical Tourism Market, Allied Market R...
