It’s still a brand new technology, and we’ve still got a long way to go before it becomes mainstream, but there’s absolutely no doubt about it that blockchain is a big deal – and that it will continue to be a big deal well into the future.
In fact, it could bring an end to some of the most profitable corporations.
A Glimpse Into the Spending Habits of Millennials…
Over the past couple of decades, we have seen a huge shift in the spending habits of the younger generation. Research has shown that in the short-term, millennials spend their money more freely than other generations.
In addition, millennials are more likely to spend their money on experiences as opposed to physical items.
It’s no surprise, therefore, that the travel industry is booming – and it’s only expected to grow even larger in the years to come.
The Rise of Internet Travel Giants
With the rise in the number of people choosing to spend a larger proportion of their disposable income on travel, we have also witnessed a large increase in the number of internet travel giants.
Companies like TripAdvisor now have millions of unique users from all over the globe who rely on the website to help them plan their vacations.
Similarly, apps like AirBnB have completely revolutionized the way we search for accommodation. Instead of having no other option than to stay in stuffy, overpriced hotels, we can now choose to essentially live like a local by renting out rooms in people’s homes.
Even applications like Uber have had a huge impact on the travel industry. Instead of having to figure out the transport system in each country we visit and having to find a bus or flag down a taxi, we can now get our own private car to take us directly to our destination in a matter of minutes.
One of the major issues with these travel giants is that they are all owned by large centralized corporations.
Source/More: Will Blockchain Bring an End to the Big Internet Travel Giants? – Bitcoin Garden
