Home » Chain4Travel ties up with TiSCA to introduce Camino blockchain Down Under, ET TravelWorld News, ET TravelWorld

Chain4Travel ties up with TiSCA to introduce Camino blockchain Down Under, ET TravelWorld News, ET TravelWorld

by TopBusinessView

 Picture used for representational purposes only.
Picture used for representational purposes only.

With an aim to develop valuable industry connections across Australia to promote and grow the Camino blockchain, Chain4Travel has become a member of the Tourism Industry Council South Australia (TiCSA). Representing about 1,000 members, TiCSA is the peak body for South Australia’s tourism industry that is actively engages in advocacy and business development

Currently, Chain4Travel is setting up a worldwide web3 travel ecosystem, a stable and secure technological infrastructure for B2B, B2C, and even Direct-to-Consumer (D2C) travel products. Recently, it initiated the Camino blockchain dedicated to the travel industry, which will go live in the first quarter of 2023. This travel blockchain is designed to be operated and governed by partners of the global travel industry, for the travel industry, in a decentralised manner.

According to Chain4Travel, via TiCSA, it aims to connect and commence constructive exchanges with other members and thought leaders as well as providing educational information around blockchain, and customised, relevant use cases to individual local travel businesses which can be demonstrated and discussed.

Ultimately, leading Australian travel industry players, such as tour operators, airlines, hotel providers, and many more, would be invited to learn how to benefit from the new tech opportunities within the growing Camino Network to drive further digital transformation.

The collaboration between technology start-ups Chain4Travel and Travel Ledger will facilitate automation and standardisation to the complex B2B processes of invoicing, remittance, and funds transfer so businesses can reduce transaction costs and speed up payments.

“We have already initiated first conversations with key industry players who share our vision of an open and decentralised travel distribution landscape. We welcome new discussions in which we can share current worldwide developed use cases in order to inspire new innovative distribution, product, and process models that benefit Australian travel players,” said Ralf Usbeck, CEO, Chain4Travel.

“Our market approach in Australia, and globally, is based on collaboration, and we look forward to welcoming Australian thought leaders to the Camino Network,” he explained.

Martin Kloeckner, Australia based Advisor of Chain4Travel, is the local contact and ready to assist the market to understand the benefits of blockchain technology in general and how Camino specifically is designed to grow the travel industry, the company shared.

“As the peak industry body for tourism, it is important we have members that represent the future of travel technology and the travel economy,” said Shaun de Bruyn, CEO, TiCSA. “Chain4Travel, and the Camino Network, can assist the South Australian tourism industry to transition business practices and adopt innovation and future-oriented solutions that reflect the new direction in travel distribution platforms,” he shared.

The two CEOs assured that the Chain4Travel’s and TICSA’s vision and approach are perfectly aligned and that both organisations aim to build relevant industry capabilities and to create networks to encourage innovation and economic growth for all participating travel industry players.

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