The Netherlands and Canada testing a travel protocol using blockchain technology
Blockchain technology first emerged in the form of cryptocurrency, revolutionizing the traditional finance system, but went further in its reach for bettering the world.
Blockchain technology is a key aspect in what makes cryptocurrency so sought after opposed to fiat. Blockchain acts as a digital ledger, storing transaction information, but because it is not centralized like banks this means that no one person can alter the details. The fact that all information is processed through a 'chain' makes the transactions of information almost automatic, whereas banks take 'up to' business days to confirm. Blockchain offers more than just speed and security, transparency is another benefit. There's a lot to the technology that has made it such an appealing approach to the digital currency, but the perks of blockchain are not limited to cryptocurrency. It has broadened its reach into many spaces since, revolutionizing voting systems, supply chains, identity control and now travel.
The Netherlands and Canada have been networking with the World Economic Forum to test a travel protocol using blockchain technology and biometrics to share data with authorities prior to airport arrival.
The Netherlands and Canada taking the next step
The blockchain-based travel plans were organized and announced early in 2018 by the WEF, the Netherlands and Canada. The aim of the trio is to offer security to those traveling abroad as well as cutting down on queue lengths and times. After you upload your documents and biometrics onto a blockchain-based app, this information is transferred to airport officials and border security entities prior to your arrival and then confirmed through your unique fingerprint. This not only cuts down on passport checking and queues but also saves travelers the stress of carrying their documents overseas. The Known Traveller Digital Identity (KTDI) will use a variety of advanced biometric tracking systems such as user-provided information and facial recognition software all encrypted through blockchain technology. Christoph Wolff, WEF's head of mobility, had this to say about the move into blockchain-based travel:
"By 2030, international air travel is expected to rise to 1.8 billion passengers, up 50% from 2016. With current systems, airports cannot keep up. This project offers a solution. By using interoperable digital identities, passengers benefit from a holistic system for secure and seamless travel. It will shape the future of aviation and security."
The blockchain-based travel system is already being trialed and progressed as you read, but we are not quite sure when the technology will reach the everyday travelers of the Netherlands and Canada. The program advisor of KTDI gave confirmation of testing and more in this statement:
"...with the incredible amount of testing we're doing around it, both user testing, penetration testing, and security testing, it'll just take time for everyone to get comfortable."
Their use of an app should see an ease of use for the mainstream but the concept of blockchain technology is definitely a subject everyone should get comfortable with as it continues to revolutionize the world.
Other blockchain-based travel options
The world doesn't have to wait for the Netherlands and Canada to travel, there are plenty of platforms that allow for users to pay for their holidays in cryptocurrency. Although this is not necessarily a use of blockchain technology, it does promote the growth of the cryptocurrency ecosystem and thus blockchain adoption. The first step in traveling on cryptocurrency is acquiring crypto; most platforms accept Bitcoin and some even extend their acceptance to Ethereum, Litecoin, and others.
Buying and storing your cryptocurrency is made easy with Bitvalex. We are a licensed digital wallet and cryptocurrency exchange offering you the opportunity to be a part of the future. Buy yourself some Bitcoin and book your holiday, store it for growth or even sell it for gains with Bitvalex.