Maximising Blockchain's Potential in T&T
Everyone is talking about and watching how the Blockchain is and can revolutionize the way business transactions are and will be conducted across their respective business spectrum. I have learned much from IBM tutorials and I have my own disposition regarding Blockchain and its potential in our travel and tourism industry. So what is it? Blockchain belongs to the DARQ Tech, where D stands for Distributed Ledger and blockchain is a logical model to implement distributed ledger. What is a Distributed Ledger? A ledger in accounting terms is a book that records the transactions. In IT term a book is a database, so associatively it is a database that records the transaction, it is decentralized, there is no one central repository, authority or a third party mediator performing the bookkeeping, it is distributed, the work on this ledger and the information stored on this ledger is not localized to one system, it is distributed and shared among various participatin...