Blockchain and its application on the Cruise Industry for Passengers, Operators & Suppliers – lesson learned towards enhanced application during the restart
Abstract:
Blockchain seems to push its way not only in the future of payments at supply chain command but in each sector and segment of the leisure & tourism industry. The doubts initially start by the fact that the blockchain and cryptocurrency is part of the new era and once cannot be ruled out since the average person and the average organization do not understand it or better say don’t understand how it works since the whole monetization process is with non-tangible bank notes, the mining is digital and almost any can individual, entity organization can mine a cryptocurrency.
Last year and especially as an immediate outcome of the Covid 19 pandemic, the world intensified the upgrade towards a much-digitalized world with less and less transactions based on actual (cashless) and more on virtual. Companies such as Amazon, Tesla and the likes of partnership between supply chain management and end user products were extremely flourishing because the goals were set towards agility in delivery, safe and sound arrival of products while remuneration and payment towards the producers and owners of raw materials and the other related assets.
The Cruise industry is unique due to the fact that it operates as a floating hotel under a foreign flagship to the country its visiting. During the port stay which is also known as port of call, it needs a port agent to facilitate not only legal representation but also submitting payments that either related to the port also known as port dues or payment for other services supplied or offered during the port stay. The payment sophistications for a cruise line make requires transparency at the highest possible level to ensure operating at best condition with costs that are visible. Cruise line from initial understanding can only benefit from transparent payments methods which what block chain ultimately promote and the main stand on too.
