- 1. Addentax and Shenzhen Tamir are ushering a new era in the tourism industry through AI and blockchain technology advancement, emphasizing a shift towards 'Tourism-as-a-Service'.
- 2. Key innovations include AI-enhanced operational efficiency and blockchain-backed security and transparency, contributing to a transformative effect on tourism infrastructure globally.
Artificial Intelligence (AI) and blockchain technology are noticeably shifting the status quo in many sectors of the global economy—with the adaptive tourism sector no exception. A clear example of this changing landscape is the recent alliance between leading businesses, Addentax Group Corp and Shenzhen Tamir Cultural Tourism Development Co., LTD. Their unique offering—a futuristic "Tourism-as-a-Service" platform—attests to the industry's readiness for disrupting old ways, opening fresh opportunities and bringing enormous value to an ever-changing market.
AI, the linchpin of this innovative endeavour, accelerates efficient day-to-day operations. A recently published Markets and Markets study projects a 42.9% compound annual growth in the AI market's involvement in travel and tourism from 2021 to 2026. These statistics affirm the direction taken by Addentax and Tamir as they progressively lean towards AI integration, which is known for automating repetitive tasks and eliminating common risks of manual labour, thereby enhancing customer experiences and refining service delivery.
In harmony with the power of AI, blockchain technology presents a solution for combating prevalent glitches, particularly concerning transactional transparency and security in business. The power of blockchain to form trust with its immutable records eliminates the middlemen, minimises costs, and speeds up processing times—shutting the door to potential fraudulent activities. As a reference point, when blockchain was adopted in financial services sector—an early adopter of the technology—it led to a dramatic 60% reduction in fraud instances, as per a PWC report. It's undeniable that the fusion of AI and blockchain has the potential to modernize the entire scope of the tourism industry in relation to transactions and data storage.
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