Blockchain-Based Hotels
Imagine you're planning a vacation and want to book a hotel room. You're concerned about the accuracy of hotel listings and room conditions. Here's how blockchain can be applied in this scenario: Booking Confirmation: When you book a hotel room, the transaction details, including check-in and check-out dates, room type, and payment information, are recorded as a secure and unchangeable block on a blockchain. Smart Contracts: Smart contracts, which are self-executing agreements with predefined rules, are used in the blockchain. When you make a reservation and payment, a smart contract is created. It includes conditions such as your reservation dates and the agreed-upon room rate. Verification and Trust: Hotel details and room conditions, including photos, are also stored on the blockchain. These details are verified and uploaded by both the hotel and independent third-party auditors. This creates a trust layer where guests can be confident in the accuracy of the information....