New HTNG White Paper: Blockchain for Hospitality
The hospitality industry has limited knowledge of blockchain technologies, including technical capabilities, variations in form, governance models, use cases and where it may or may not provide value to hospitality enterprises.
Over the past 12 months, HTNG's Blockchain for Hospitality Workgroup has created a white paper to establish a practical knowledge framework for hospitality business leaders and the technology vendor community, as well as to assess where blockchain can be applicable in hospitality.
Sections of this white paper discuss:
- What is blockchain and why does it matter
- The difference between private and public blockchains
- How blockchain works
- Technical limitations and challenges to overcome before blockchain can be widely adopted
- Potential general use cases and use cases specific to the hospitality industry
Next Steps: HTNG's Blockchain for Hospitality Workgroup will host a webinar series from November 2018 - January 2019 to provide additional relevant educational materials to help the industry stay current on blockchain developments.
About Hospitality Technology Next Generation (HTNG)
The premier technology solutions association in the hospitality industry, HTNG is a self-funded, nonprofit organization with members from hospitality companies, technology vendors to hospitality, consultants, media and academic experts. HTNG's members participate in focused workgroups to bring to market open solution sets addressing specific business problems. HTNG fosters the selection and adoption of existing open standards and also develops new open standards to meet the needs of the global hospitality industry.
Currently more than 400 corporate and individual members from across this spectrum, including world leading hospitality companies and technology vendors, are active HTNG participants. HTNG's Board of Governors, consisting of 24 top IT leaders from hospitality companies around the world, itself has technology responsibility for over 2.5 million guest rooms and world-leading venues. HTNG publishes workgroup proceedings, drafts and specifications for all HTNG members as soon as they are created, encouraging rapid and broad adoption. HTNG releases specifications into the public domain as soon as they are ratified by the workgroups. For more information, visit www.htng.org.
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