NFT Souvenirs for Travel & Tourism: Blockchain technology has the potential to transform the tourism sector in a big way. By Nikhil Goyal Blockchain technology has the potential to take industries to the next level. It can deal with business problems effectively and efficiently by boosting innovations. Although cryptocurrency is the most well-known application of blockchain, it has spread to industries such as real estate, medicine, education, hospitality, and tourism. Due to the dynamic nature of blockchain, it can provide tailor-made solutions to businesses, especially for storing, securing, and decentralising their data volumes. As organisations start to ride the wave of digital transformation, they have a plethora of opportunities to explore ways in which blockchain technology can drive growth. Some of the key use cases of blockchain and how they will change in the year 2023: Digital Identity and Credentials Today, we depend heavily on passwords, codes, and questions to confirm our identities online. The traditional identity system is very cluttered as well as insecure. Thus, enabling blockchain in the identity management system makes it unified, interoperable, and tamper-proof. In 2023, digital identities can be verified through unique sets of the number assigned to the user on the blockchain […]
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