IMPLEMENTATION OF REVOLUTIONIZING BLOCKCHAIN IN AIRBNB BUSINESS
AIRBNB to B-airBnB
Keywords:
AIRBNB, B-airBnB, blockchain, cost control, trustAbstract
Nowadays, expected future business trend in overall industries are vulnerable and moving towards new technologies likewise:, BLOCKCHAIN. Since business are keen to adopt changes, to secure their data, to enhance business, bring trust and to bring the sustainability into the business and growth.
Blockchain is a technology that has swiftly became desirous among industries, since it enables disintermediation, improve process of reconciliation and knowledge and also efficiently transform the existing business models. [1]
I will define Blockchain in my own words as – “Blockchain is a technology which strengthen further the digital technology to bring sustainability and has an ability to build up an IT infrastructure in form of appropriated computer network which provides encrypted data in blocks those encrypted data cannot be erased or cannot be changed still can be shared among different networks of business. Nothing can be more tranquil, reliable and trustable than this kind of creation”.
According to my experience and view this kind of technology can bring so much value to the Most popular accommodation booking online site- AirBnB, since Blockchain supported programs “provide assuring outcomes” which solves specific identified areas of difficulties in tourism sector, travel and rental accommodation businesses, which includes Blockchain based rental house, apartments, hotel booking program for vacations, occasional bookings for the events, which further ensure accuracy of booking confirmation and payments, client data and previous record and simultaneously clients feedback, data protection and updating to the clients, network partners and owners as per their defined terms and conditions contracts. Since AirBnB business acts on B2B & B2C both the ways, makes its business market online, where clients can reach directly, and also it makes many entrepreneurs than any other online business platform
[1] Conway, L. (2021, July 27). Blockchain explained. Investopedia. Retrieved February 26, 2022, from https://www.investopedia.com/terms/b/blockchain.asp.
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