Press Releases: Press Releases

Blockchain for Hospitality Workgroup Chartered at HTNG

Tuesday, November 21, 2017  
Posted by: Emily Wilson

CHICAGO (November 21, 2017) - HTNG has launched a new workgroup to identify a basic knowledge framework for understanding blockchain and assessing where blockchain can be applicable in hospitality.

Blockchain involves growing lists or records which are connected and secured to one another through cryptography. The transparency and inability to corrupt the chain is what makes this model so appealing to the public today. The hospitality industry has limited knowledge of blockchain technologies, including the technical capabilities, the variations in form, the governance models, the use cases and where it may or may not provide value to hospitality enterprises. 

The Blockchain for Hospitality Workgroup will construct a basic framework for understanding blockchain, separating fact from hype and evaluating where in hospitality blockchain is applicable. The workgroup will work in two phases to first develop an educational white paper and then create a webinar series and an online registry.

The kickoff teleconference for Blockchain for Hospitality will be held on November 30, 2017 at 10:00 CST. To sign up, HTNG members can visit the Blockchain for Hospitality Workgroup page and log-in to join.

For questions or for more information, please contact workgroups@htng.org.

 

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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 responsible 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.