my multi-million dollar idea on how blockchain could revolutionalise the hospitality industry

oxcatalyst@newsletter.paragraph.com (Oxcatalyst) — Thu, 06 Apr 2023 23:54:04 GMT

we live in a world where development is inevitable where ideas spring to life every day a world where technology is transforming our views thoughts and ideas we live in this world where decentralisation is taking over a world where information is at the fingertips of all and sundry.

But then what if we have a world where hospitality industries can be transformed with the use of blockchain technology

I categorise these steps into three main objectives

1] ONBOARDING

2] FAMILIARISING

3] THE ACTUAL USE CASE

over 500 web3 activities are been held around the world annually with over 1 million web3 personals in attendance these personals come from around the globe to attend web3 events like ETH Denver etc these people come from far and wide to attend these events and for that reason lodge in hotels and other hospitality places.

they make payments using centralised means of payment like PayPal, visa, and Mastercard. these companies record their card usage and with these, they also know their destinations.

the big question is what if we could make hotel and event centre payments decentralised with that I came up with an idea. what if there is a decentralised marketplace where these hotels and event centres could list their suites rooms and event centres and people mint them as nfts thereby paying for the rooms in a decentralised fashion

Let’s say there is an event in Los Angeles and hotel xyz listed their suites as an nft in a marketplace for hospitality industries all that attendees need to do to secure a suite they could rest their heads before and after the event is to go to the marketplace mint your rooms based on test and comfortability pay with your desired decentralised payment currency a scan bar would be sent to you head to the hotel scan the code at the pre-installed scanner and that is it you have just booked a hotel without the stress of coming to the hotel first and all the struggles therein

this is just a tip bit of what I have for the hospitality industry with the use of blockchain technology.

blockchain in telecommunication

oxcatalyst@newsletter.paragraph.com (Oxcatalyst) — Thu, 06 Apr 2023 23:25:17 GMT

its a known fact that blockchain technology is revolutionalising the whole world and the emergence of web3 and AI is a huge added bonus

but have we asked ourselves ? we all in the world use telecommunication industries which are centralised means of communication this people and industries use our data without consent to make huge amounts of money and stack up liquidity they sell our private informations to companies who need them without giving us an incentive for our data

what if we could take back the telecommunication industry and make it decentralised this means private ownership of data fast access to the internet and low cost

blockchain technology has giving us that mandate the question now is are we ready to take it by the horn