The idea of distributed management and ownership that blockchain has brought to the table has had a significant impact on the experience travel businesses can offer, and the advancements in Web3-focused travel are continually progressing.
We have seen a few months since Camino Network introduced itself as the layer-1 blockchain tailored for the travel sector. This travel ecosystem welcomed Camino Network and it was organic as many started to join within a year including, more validators, cases, transactions, supporters, and hackathons.
Web3 travel – the precursor to commercialization
The travel industry requires a very systematic approach towards any innovation and this along with the concept and its supporting technology requires a legal entity that can support this across the industry. That is how the Camino Network Foundation started as a nonprofit organization from Switzerland that aims to preserve and develop the Camino Network ecosystem sustainably and compliantly.
The Camino Network Foundation has documented a well-thought-out white paper on how Camino Network would deliver innovation across the setting. The white paper also details the technical architecture for the network, demonstrating how the Camino Network Web3 ecosystem would take the industry into the future towards payments that can be processed directly within the same protocol used to process data requests.
From the current interviews, it was apparent that Camino Network’s vision of Web3 efficiency in the travel market would not take long to attract participants from both domains. Some of the prominent influencers who backed Camino Network include TUI, Lufthansa, Miles & More, and Eurowings, and through becoming blockchain validators for layer-1 blockchain that processes travel-related data and transactions.
Quite often the question arises about the application of blockchain in real life and such a question is more pertinent when the concept in question is as relatively new and revolutionary as blockchain.
As soon as there was a proper tech infrastructure in place, it seemed like the world would be interested in a travel-specific utilization of blockchain. And the developers around the world didn’t disappoint.
In areas ranging from aviation, payments development has produced a plethora of decentralized applications (DApps) developed on Camino Network including those promulgated during the Decode Travel hackathon at the web3 hub in Berlin. Here are the shining examples of collaborative Web3 innovation:
Sleap. io: An online marketplace that enables consumers to book hotel accommodations with more than 350,000 hotels in 220 countries and fully integrates 250+ cryptocurrencies.
VisitorApp: A SaaS system embedded in blockchain ticketing software that connects regional tourist attractions to international travel experiences.
GroundSync: With a solution to help airlines cut the frequency of flight delays, we are going to build a Web3 app for the aviation industry.
DevestFinance: Investment platform for providing fractional ownership of assets to make shares more liquid to unlock long-term capital to flow into tourism.
CaminoScan: A special project that is an Umbrella to gather all necessary information about the Camino Network and its test net with a simplified approach.
In addition to these top examples, most travel companies are also experimenting with and expanding other agreed use cases to provide a more seamless experience to travelers. The travel industry innovation has now developed a routine where any travel business that aims at conducting enlightening for their teams on the DApps and wants to test what Web3 offers can organize a hackathon event through the support of the Camino Network Foundation.
Now, anyone can use cryptocurrency, and this is one of the primary ideas of technology development — to make things accessible. The general instant communication system on the blockchain that has been developed by Camino Network can be well utilized to manage information exchange on the same chain used for payment transactions wherein travel companies across the world can be in harmony and integrate easily into the blockchain technology ecosystem.
Known as Camino Messenger, this was a Web3-level business-to-business application that was created on the Camino Network to facilitate an effective channel for managing travel data as well as to enable their exchange. It provides an immediate reach of dealers as well as suppliers hence service providers from even small towns of the world can reach out to the international travel market.
All the transactions in Camino Messenger are accomplished under CAM which is an acronym for Camino Network. Being a payment and utility token that is established within the layer-1 blockchain of global travel, the CAM token’s current status is in the public sale phase.
Travel technology is ripe for disruption by Web3 and blockchain, which will make connecting, organizing, and managing business and leisure travel more integrated, efficient, convenient, and responsive to consumer needs. As digital advances in the travel and hospitality industry, the need for additional integration, security, and readability is gradually becoming a necessity.
Camino Network is in the right place at the right time at the infrastructure level of the multi-trillion travel industry. Camino’s decentralized approach will improve the organization and make everyone’s travel smoother and more inclusive, thus contributing to the growth of a healthy and sustainable market.
