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Press Releases: Press Releases

Blockchain for Hospitality White Paper Published by HTNG

Thursday, October 18, 2018  
Posted by: Emily Wilson

CHICAGO (October 18, 2018) - HTNG's Blockchain for Hospitality Workgroup created a white paper to increase knowledge in the industry on the emergence of this new ledger technology.

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.

The Blockchain for Hospitality White Paper will establish an overall practical knowledge framework for hospitality business leaders and the technology vendor community, as well as assess where blockchain can be applicable in hospitality.

The sections of this white paper further dive in to discuss what blockchain is and why it matters, the difference between private and public blockchains, how blockchain works and the technical limitations and challenges to overcome before blockchain can be widely adopted. Additionally, the document outlines potential general use cases and addresses use cases specific to the hospitality industry.

HTNG's Blockchain for Hospitality Workgroup was led by Chairs Douglas Rice, Managing Director of Hospitality Technology Network, LLC and Andrew Sanders, VP, Travel & Hospitality - NA of DataArt.

Following the publication of this white paper, the 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.

The Blockchain for Hospitality White Paper is available for download here.

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 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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