The Impact of Blockchain Technology Adoption on Tourism Industry: A Systematic Literature Review

Roberto Leonardo Rana, Nino Adamashvili and Caterina Tricase
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Roberto Leonardo Rana: Department of Economics, The University of Foggia, 71121 Foggia, Italy
Nino Adamashvili: Department of Economics, The University of Foggia, 71121 Foggia, Italy
Caterina Tricase: Department of Economics, The University of Foggia, 71121 Foggia, Italy

Sustainability, 2022, vol. 14, issue 12, 1-17

Abstract: The current COVID-19 pandemic has led to the acceleration of the digitization process and to a shifting to Industry 4.0. Blockchain (BC) is one of the technologies that has been introduced worldwide in recent years. It has been beneficial for the tourism industry, in addition to many other sectors. This article investigates the advantages and disadvantages of BC adoption in the tourism industry, as well as the possible solutions to overcome the challenges. This paper conducts a systematic literature review (SLR) that consists of the operations for detecting, selecting, categorizing, and analyzing relevant articles on a specified subject. It is evident from the results that the majority of the academic works illustrate the benefits of BC implementation and explain its potential by providing diverse models of BC-based systems. However, since BC is a young technology, numerous challenges have appeared on the path to its full adoption in the tourism industry. Possible solutions are the achievement of a collaborative approach among the stakeholders, the deepening of academic research in the field, testing more models of BC-based systems, and the establishment of relevant policies. Consequently, the implications for the theory, practice, policy, and research of this work are significant.

Keywords: blockchain; tourism; vacation; leisure; holiday; systematic literature review; smart contract; cryptocurrency (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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